Boersma Travis 4
4 · Dutch Bros Inc. · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Dutch Bros (BROS) 10% Owner Travis Boersma Sells Shares
What Happened
- Travis Boersma, listed as a 10% owner and manager of DM Trust Aggregator, LLC and DM Individual Aggregator, LLC, disposed of a total of 749,999 shares of Dutch Bros (BROS) in open-market transactions on May 27–28, 2026. The sales generated approximately $42.15 million in gross proceeds and were reported on a Form 4 filed May 29, 2026. These were outright sales (not purchases or option exercises).
Key Details
- Transaction breakdown:
- May 27, 2026: 355,217 shares sold at $56.21 each = $19,966,819
- May 27, 2026: 189,655 shares sold at $56.21 each = $10,660,545
- May 28, 2026: 133,728 shares sold at $56.16 each = $7,509,696
- May 28, 2026: 71,399 shares sold at $56.16 each = $4,009,518
- Total: 749,999 shares for ~$42,146,578
- Price ranges / weighted-average notes: filings report weighted-average prices and note sales occurred across prices from $56.00 up to $56.58 (per the footnotes), with the filer offering to provide per-price breakdowns on request.
- Executed under trading plans: Portions of the transactions were effected automatically pursuant to Rule 10b5‑1 trading plans adopted by DM Trust Aggregator, LLC and DM Individual Aggregator, LLC on Feb 19, 2026.
- Manager / beneficial ownership note: The reporting person is the manager of the two DM Trusts; multiple members hold interests and the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest (per the filing).
- Filing timeliness: Form 4 was filed May 29, 2026 for trades on May 27–28 and appears to have been filed timely.
Context
- These are sales by a reported 10% owner and were at least partly executed via pre-established 10b5‑1 plans, which are commonly used to automate insider sales and help avoid claims of trading on inside information. Sales by large shareholders can be routine (liquidity, estate planning, diversification) and, by themselves, do not necessarily indicate a change in company outlook. The filing does not state post-transaction share holdings in the provided data.
Insider Transaction Report
Form 4
Dutch Bros Inc.BROS
Boersma Travis
DirectorExecutive Chairman of Board10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-05-27$56.21/sh−355,217$19,966,819→ 6,115,193 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F4][F3]2026-05-28$56.16/sh−133,728$7,509,696→ 5,981,465 total(indirect: By Trust) - Sale
Class A Common Stock
[F5][F2][F3]2026-05-27$56.21/sh−189,655$10,660,545→ 3,265,362 total(indirect: By LLC) - Sale
Class A Common Stock
[F5][F4][F3]2026-05-28$56.16/sh−71,399$4,009,518→ 3,193,963 total(indirect: By LLC)
Footnotes (5)
- [F1]As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by DM Trust 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]The reporting person is the manager of DM Trust Aggregator, LLC and DM Individual Aggregator, LLC (the "DM Trusts"). Multiple members hold ownership interests in the DM Trusts, including the reporting person. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, if any, and the inclusion of the reported securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or any other purpose.
- [F4]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.
- [F5]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.
Signature
/s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma|2026-05-29