George Kathryn 4

What Happened
Kathryn George, a director of Dutch Bros Inc. (BROS), exercised/converted 444 restricted stock units into 444 shares on May 13, 2026. The reported acquisition price was $0.00 (total $0). The same filing also reports a simultaneous disposition of 444 derivative shares (also $0). The filing notes Ms. George ceased to be a director on May 13, 2026.

Key Details

• Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (appears timely).
• Reported amounts: Acquired 444 shares @ $0.00; Disposed 444 shares (derivative) @ $0.00.
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1 — each restricted stock unit (RSU) represents a contingent right to one Class A share. F2 — the RSU award had a scheduled vesting (25% on Aug 20, 2025; 25% on Nov 20, 2025; 25% on Feb 20, 2026; final 25% on earlier of May 20, 2026 or the 2026 annual meeting).
• Remarks: Reporting person ceased to be a director on May 13, 2026.

Context
This was a derivative conversion of RSUs rather than an open-market purchase or sale of stock; the $0 price reflects conversion/settlement of equity awards. Such transactions are often routine (vesting/settlement or administrative transfers); they are not direct buy/sell signals. The filing contains no indication of a 10b5-1 plan or tax-withholding detail in the provided excerpts.