DM Individual Aggregator, LLC 4
4 · Dutch Bros Inc. · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Dutch Bros (BROS) 10% Owner Sells $14.7M in Shares
What Happened
DM Individual Aggregator, LLC, a reported 10% owner of Dutch Bros Inc. (BROS), sold a total of 261,054 shares in two open‑market transactions: 189,655 shares on 2026-05-27 at a weighted average price of $56.21 (proceeds $10,660,545) and 71,399 shares on 2026-05-28 at a weighted average price of $56.16 (proceeds $4,009,518). Total proceeds were approximately $14,670,063. These were sales (liquidity transactions), not purchases.
Key Details
- Transaction dates and amounts:
- 2026-05-27: 189,655 shares sold, weighted avg $56.21 (price range $56.00–$56.58) — $10,660,545 (F2).
- 2026-05-28: 71,399 shares sold, weighted avg $56.16 (price range $56.00–$56.44) — $4,009,518 (F3).
- Total shares sold: 261,054; total proceeds: ~$14.67M.
- Shares owned after the transactions: Not specified in the Form 4 filing.
- Notable footnotes:
- F1: Sales were effected automatically under a Rule 10b5‑1 trading plan adopted on Feb 19, 2026.
- F2/F3: Report weighted average sale prices; per‑price breakdowns are available upon request to the issuer or SEC staff.
- Filing: Report filed 2026-05-29 covering trades on 2026-05-27 and 2026-05-28; timing appears within the typical Form 4 reporting window.
Context
As a reported 10% owner (an institutional holder structure), these transactions were executed under a pre‑arranged 10b5‑1 plan, which generally indicates automated sales according to a preset schedule rather than discretionary trades by company insiders. For retail investors, such planned sales are commonly liquidity or portfolio-management actions and should be interpreted cautiously alongside other signals (e.g., multiple insider buys or strategic announcements).
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-05-27$56.21/sh−189,655$10,660,545→ 3,265,362 total - Sale
Class A Common Stock
[F1][F3]2026-05-28$56.16/sh−71,399$4,009,518→ 3,193,963 total
Footnotes (3)
- [F1]As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by DM Individual Aggregator, LLC on February 19, 2026.
- [F2]Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.5800 inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F3]Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.4400 inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.