DM Individual 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 Individual Aggregator Sells Shares
What Happened
DM Individual Aggregator, LLC (a reported 10% owner) sold a total of 522,109 shares of Dutch Bros (BROS) in open-market transactions on June 10–11, 2026. The sales generated approximately $32.2 million in proceeds across multiple lots with weighted-average prices reported for each lot: 247,456 shares at $60.34 ($14.93M), 13,598 at $61.08 ($0.83M), 124,771 at $62.47 ($7.79M), 120,729 at $63.46 ($7.66M), and 15,555 at $64.10 (~$0.997M). These were sales (S) — generally considered routine portfolio/investment transactions rather than purchases that might signal bullishness.
Key Details
- Transaction dates: June 10, 2026 and June 11, 2026; Form 4 filed June 12, 2026 (appears timely).
- Lots and proceeds:
- 247,456 shares @ $60.34 — $14,930,555 (F2: price range $60.00–$60.99)
- 13,598 shares @ $61.08 — $830,562 (F3: price range $61.00–$61.30)
- 124,771 shares @ $62.47 — $7,794,519 (F4: price range $62.00–$62.99)
- 120,729 shares @ $63.46 — $7,661,100 (F5: price range $63.00–$63.99)
- 15,555 shares @ $64.10 — $997,145 (F6: price range $64.00–$64.23)
- Total sold: 522,109 shares for ~$32,213,881.
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnote: F1 indicates these sales were effected automatically under a Rule 10b5‑1 trading plan adopted February 19, 2026. Other footnotes (F2–F6) show the reported prices are weighted averages for multiple executions within stated price ranges; detailed per-trade prices can be provided on request.
Context
- This filing reports a 10% owner (institutional/large holder) selling shares. Such institutional sales can reflect portfolio rebalancing or liquidity needs and do not necessarily indicate insider sentiment about company fundamentals.
- Because these trades were made under a pre-established 10b5‑1 plan, the timing is pre-authorized and may not reflect contemporaneous views of management or the owner.
Insider Transaction Report
Form 4
Dutch Bros Inc.BROS
DM Individual Aggregator, LLC
10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-06-10$60.34/sh−247,456$14,930,555→ 2,685,453 total - Sale
Class A Common Stock
[F1][F3]2026-06-10$61.08/sh−13,598$830,562→ 2,671,855 total - Sale
Class A Common Stock
[F1][F4]2026-06-11$62.47/sh−124,771$7,794,519→ 2,547,084 total - Sale
Class A Common Stock
[F1][F5]2026-06-11$63.46/sh−120,729$7,661,100→ 2,426,355 total - Sale
Class A Common Stock
[F1][F6]2026-06-11$64.10/sh−15,555$997,145→ 2,410,800 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 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 $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.
Signature
/s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma, Manager|2026-06-12