Boersma Travis 4

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.