MARCHISOTTO KORY 4

What Happened

• Kory Marchisotto, a director of Dutch Bros Inc. (BROS), reported a grant of 3,099 restricted stock units (RSUs) on May 13, 2026 (transaction code A). The filing also shows a conversion/exercise of 444 derivative units into 444 shares (code M) and a simultaneous disposition of 444 derivative units, all recorded at $0.00 per share. The transactions reflect an award/settlement activity, not an open-market purchase.

Key Details

• Transaction date: May 13, 2026. Report filed May 15, 2026 (no indication of a late filing).
• Prices reported: $0.00 per share for the 3,099 RSU award and for the 444-share conversion/disposition (values shown as $0).
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes:
  • F1: Each RSU represents a contingent right to receive one share of Class A common stock.
  • F2: One RSU award had 25% vesting on each of Aug 20, 2025; Nov 20, 2025; Feb 20, 2026; and the May 13, 2026 annual meeting date.
  • F3: Another RSU award vesting schedule: 25% on Aug 20, 2026; Nov 20, 2026; Feb 20, 2027; and the final 25% on the earlier of May 20, 2027 or the 2027 annual meeting.
• Transaction codes: M = exercise/conversion of a derivative; A = grant/award. The filing does not explain the reason for the 444-share disposition.

Context

• These transactions are awards/settlements (RSUs and derivative conversion) rather than cash purchases or open-market sales; RSU grants are typically compensation-related and do not, by themselves, indicate an insider buying stock on the open market.
• For derivative entries showing $0.00, the filing generally reflects conversion/settlement mechanics rather than a market trade; the Form 4 here does not state whether the 444-share disposition was for tax withholding, sale, or another administrative purpose.