Boersma Travis 4
4 · Dutch Bros Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Dutch Bros (BROS) 10% Owner Travis Boersma Sells Shares
What Happened
Travis Boersma, reported as a 10% owner and manager of DM Trust Aggregator, LLC and DM Individual Aggregator, LLC, sold a total of 1,499,999 shares of Dutch Bros (BROS) in open‑market transactions on June 10–11, 2026. The sales totaled approximately $92.56 million — about $45.29M from 749,999 shares on June 10 and about $47.27M from 750,000 shares on June 11. Individual trade prices ranged roughly from $60.00 to $64.23 per share (weighted averages and specific ranges are noted in the filing).
Key Details
- Transaction dates: June 10, 2026 and June 11, 2026.
- Total shares sold: 1,499,999; Total proceeds: ~$92,558,344.
- Price range reported in footnotes: approximately $60.00 to $64.23 per share (weighted averages for batches provided).
- Footnotes: several sales were effected automatically under Rule 10b5‑1 trading plans adopted Feb 19, 2026 (DM Trust Aggregator, LLC and DM Individual Aggregator, LLC). The reporting person notes he is manager of the DM Trusts and disclaims beneficial ownership except for any pecuniary interest.
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Filing timeliness: Form 4 was filed 6/12/2026 for transactions on 6/10–6/11/2026 (no late‑filing indication in the provided data).
Context
- These were outright sales (S) — routine liquidity events are common for large holders and many sales were executed under pre‑arranged 10b5‑1 plans, which are automated trading arrangements.
- As a reported 10% owner and manager of aggregator trusts, Boersma’s disclosure reflects trust-level transactions; the filing also disclaims beneficial ownership beyond any pecuniary interest.
- The filing provides weighted average prices and price ranges for the multiple executions; the footnotes state the filer will provide detailed per‑price breakdowns on request to the issuer, shareholders, or the SEC staff.
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]2026-06-10$60.35/sh−461,532$27,854,748→ 5,030,988 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F4][F3]2026-06-10$61.08/sh−27,413$1,674,378→ 5,003,575 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F5][F3]2026-06-11$62.47/sh−233,690$14,598,755→ 4,769,885 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F6][F3]2026-06-11$63.46/sh−226,120$14,348,897→ 4,543,765 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F7][F3]2026-06-11$64.10/sh−29,135$1,867,685→ 4,514,630 total(indirect: By Trust) - Sale
Class A Common Stock
[F8][F2][F3]2026-06-10$60.34/sh−247,456$14,930,555→ 2,685,453 total(indirect: By LLC) - Sale
Class A Common Stock
[F8][F4][F3]2026-06-10$61.08/sh−13,598$830,562→ 2,671,855 total(indirect: By LLC) - Sale
Class A Common Stock
[F8][F5][F3]2026-06-11$62.47/sh−124,771$7,794,519→ 2,547,084 total(indirect: By LLC) - Sale
Class A Common Stock
[F8][F6][F3]2026-06-11$63.46/sh−120,729$7,661,100→ 2,426,355 total(indirect: By LLC) - Sale
Class A Common Stock
[F8][F7][F3]2026-06-11$64.10/sh−15,555$997,145→ 2,410,800 total(indirect: By LLC)
Footnotes (8)
- [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]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 $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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]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|2026-06-12