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Dutch Bros Inc.·4

May 29, 4:49 PM ET

Boersma Travis 4

Research Summary

AI-generated summary

Updated

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.