DM Trust Aggregator, LLC 4
4 · Dutch Bros Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Dutch Bros (BROS) 10% Owner DM Trust Aggregator Sells 977,890 Shares
What Happened
DM Trust Aggregator, LLC (listed as a 10% owner) sold a total of 977,890 Dutch Bros (BROS) shares in open-market transactions on June 10–11, 2026, generating proceeds of approximately $60.34 million. Individual sales reported: 461,532 shares at a weighted avg $60.35 ($27.85M), 27,413 shares at $61.08 ($1.67M), 233,690 shares at $62.47 ($14.60M), 226,120 shares at $63.46 ($14.35M), and 29,135 shares at $64.10 ($1.87M). These were sales (not purchases), and therefore do not indicate a bullish purchase signal.
Key Details
- Transaction dates: June 10, 2026 and June 11, 2026 (sales coded "S").
- Prices/ranges: weighted averages shown above; per-footnotes, execution prices ranged roughly $60.00–$64.23 across the multiple trades.
- Total shares sold: 977,890; approximate proceeds: $60.34 million.
- Shares owned after the transactions: not disclosed in the filing.
- Notable footnote: trades were executed automatically under a Rule 10b5-1 trading plan adopted by DM Trust Aggregator on February 19, 2026. Footnotes also report the price ranges for each grouped sale and offer to provide exact per-trade prices on request.
- Filing timeliness: Form 4 filed June 12, 2026 for trades on June 10–11 — the filing appears timely under the two-business-day rule.
Context
DM Trust Aggregator is a 10% institutional owner rather than an individual executive; sales under a 10b5-1 plan are pre-scheduled and typically reduce the weight of interpreting the trades as real-time insider sentiment. For retail investors, purchases generally carry more informational weight than planned sales; this filing documents routine, pre-arranged disposals by a large holder.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-10$60.35/sh−461,532$27,854,748→ 5,030,988 total - Sale
Class A Common Stock
[F1][F3]2026-06-10$61.08/sh−27,413$1,674,378→ 5,003,575 total - Sale
Class A Common Stock
[F1][F4]2026-06-11$62.47/sh−233,690$14,598,755→ 4,769,885 total - Sale
Class A Common Stock
[F1][F5]2026-06-11$63.46/sh−226,120$14,348,897→ 4,543,765 total - Sale
Class A Common Stock
[F1][F6]2026-06-11$64.10/sh−29,135$1,867,685→ 4,514,630 total
Footnotes (6)
- [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 $60.0000 to $60.9900 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 $61.0000 to $61.3000 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.
- [F4]Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $62.0000 to $62.9900 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]Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $63.0000 to $63.9900 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.
- [F6]Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $64.0000 to $64.2300 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.