Dutch Bros Coffee

SEC EDGAR

• RegistrantDutch Bros Inc.

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• CIK1866581

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• EIN87-1041305

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• SIC5810 Retail-Eating & Drinking Places

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• Entity typeoperating

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• Filer categoryLarge accelerated filer

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• State of incorporationDE

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• Fiscal year end12-31

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• Listed asNYSE:BROS

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• Business address1930 W RIO SALADO PKWY, TEMPE, AZ, 85281

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• Consolidated Balance Sheets

  	2025-12-31Dec. 31, 2025	2024-12-31Dec. 31, 2024
  Current assets:
  Cash and cash equivalents	269,404,000	293,354,000
  Accounts receivable, net	18,387,000	10,598,000
  Inventories, net	48,917,000	36,488,000
  Prepaid expenses and other current assets	20,670,000	17,501,000
  Total current assets	357,378,000	357,941,000
  Property and equipment, net	824,502,000	683,971,000
  Lease right-of-use assets, net(this filer’s own measure)	855,339,000	689,879,000
  Deferred income tax assets, net	946,571,000	742,126,000
  Other long-term assets	25,524,000	27,168,000
  Total assets	3,009,314,000	2,501,085,000
  Current liabilities:

  Show the remaining 32 line items

  	2025-12-31Dec. 31, 2025	2024-12-31Dec. 31, 2024
  Accounts payable	37,625,000	32,225,000
  Other current liabilities	99,173,000	83,361,000
  Deferred revenue	55,658,000	42,868,000
  Current portion of tax receivable agreements liability(this filer’s own measure)	7,696,000	71,000
  Current portion of lease liabilities(this filer’s own measure)	36,466,000	27,235,000
  Current portion of long-term debt	3,881,000	17,311,000
  Total current liabilities	240,499,000	203,071,000
  Deferred revenue, net of current portion	8,918,000	8,015,000
  Lease liabilities, net of current portion(this filer’s own measure)	852,380,000	678,608,000
  Long-term debt, net of current portion	196,295,000	219,755,000
  Tax receivable agreements liability, net of current portion(this filer’s own measure)	813,353,000	627,763,000
  Other long-term liabilities	0	8,000
  Total liabilities	2,111,445,000	1,737,220,000
  Commitments and contingencies (Note 16)
  Stockholders’ equity:
  Preferred stock, $0.00001 par value per share - 20,000 shares authorized; zero shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	0	0
  Additional paid-in capital	581,261,000	517,074,000
  Accumulated other comprehensive income	48,000	628,000
  Retained earnings	99,508,000	19,666,000
  Total stockholders' equity attributable to Dutch Bros Inc.	680,818,000	537,369,000
  Non-controlling interests	217,051,000	226,496,000
  Total equity	897,869,000	763,865,000
  Total liabilities and equity	3,009,314,000	2,501,085,000
  Class A common stockClass A common stock
  Class A common stockStockholders’ equity:
  Class A common stockCommon stock	1,000	1,000
  Class B common stockClass B common stock
  Class B common stockStockholders’ equity:
  Class B common stockCommon stock	0	0
  Class C common stockClass C common stock
  Class C common stockStockholders’ equity:
  Class C common stockCommon stock	0	0

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• Consolidated Balance Sheets (Parenthetical)

  As filed: Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands Dec. 31, 2025 Dec. 31, 2024

  	2025-12-31Dec. 31, 2025	2024-12-31Dec. 31, 2024
  Preferred stock, par value (in dollars per share)	0.00001	0.00001
  Preferred stock, authorized (in shares)	20,000,000	20,000,000
  Preferred stock, issued (in shares)	0	0
  Preferred stock, outstanding ( in shares)	0	0
  Class A common stockClass A common stock
  Class A common stockCommon stock, par value (in dollars per share)	0.00001	0.00001
  Class A common stockCommon stock, authorized ( in shares)	400,000,000	400,000,000
  Class A common stockCommon stock, issued (in shares)	127,054,000	115,432,000
  Class A common stockCommon stock, outstanding (in shares)	127,054,000	115,432,000
  Class B common stockClass B common stock
  Class B common stockCommon stock, par value (in dollars per share)	0.00001	0.00001
  Class B common stockCommon stock, authorized ( in shares)	144,000,000	144,000,000

  Show the remaining 7 line items

  	2025-12-31Dec. 31, 2025	2024-12-31Dec. 31, 2024
  Class B common stockCommon stock, issued (in shares)	35,211,000	35,227,000
  Class B common stockCommon stock, outstanding (in shares)	35,211,000	35,227,000
  Class C common stockClass C common stock
  Class C common stockCommon stock, par value (in dollars per share)	0.00001	0.00001
  Class C common stockCommon stock, authorized ( in shares)	105,000,000	105,000,000
  Class C common stockCommon stock, issued (in shares)	2,280,000	3,545,000
  Class C common stockCommon stock, outstanding (in shares)	2,280,000	3,545,000

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• Consolidated Statements of Operations

  12 Months Ended	2025-12-31	2024-12-31	2023-12-31
  Revenues
  Total revenues	1,638,159,000	1,281,015,000	965,776,000
  Costs and Expenses
  Cost of sales	1,214,213,000	940,886,000	714,480,000
  Selling, general and administrative	262,766,000	234,036,000	205,074,000
  Total costs and expenses	1,476,979,000	1,174,922,000	919,554,000
  Income from operations	161,180,000	106,093,000	46,222,000
  Other expense
  Interest expense, net	(28,305,000)	(27,020,000)	(32,321,000)
  Other income	2,748,000	5,812,000	3,018,000
  Total other expense	(25,557,000)	(21,208,000)	(29,303,000)
  Income before income taxes	135,623,000	84,885,000	16,919,000

  Show the remaining 16 line items

  12 Months Ended	2025-12-31	2024-12-31	2023-12-31
  Income tax expense	18,348,000	18,435,000	6,967,000
  Net income	117,275,000	66,450,000	9,952,000
  Less: Net income attributable to non-controlling interests	37,433,000	31,192,000	8,234,000
  Net income attributable to Dutch Bros Inc.	79,842,000	35,258,000	1,718,000
  Net income per share of Class A and Class D common stock
  Basic (in dollars per share)	0.64	0.34	0.03
  Diluted (in dollars per share)	0.64	0.34	0.03
  Weighted-average shares of Class A and Class D common stock outstanding(this filer’s own measure)
  Basic (in shares)	125,329,000	103,504,000	62,074,000
  Diluted (in shares)	125,764,000	104,129,000	62,074,000
  Company-operated shopsCompany-operated shops
  Company-operated shopsRevenues
  Company-operated shopsTotal revenues	1,509,329,000	1,165,830,000	857,939,000
  Franchising and otherFranchising and other
  Franchising and otherRevenues
  Franchising and otherTotal revenues	128,830,000	115,185,000	107,837,000

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• Consolidated Statements of Comprehensive Income

  12 Months Ended	2025-12-31	2024-12-31	2023-12-31
  Statement of Comprehensive Income [Abstract]
  Net income	117,275,000	66,450,000	9,952,000
  Other comprehensive loss:
  Unrealized loss on derivative securities, effective portion, net of income tax (benefit) expense of $(224), $(83) and $10, respectively	(951,000)	(1,000)	(748,000)
  Comprehensive income	116,324,000	66,449,000	9,204,000
  Less: comprehensive income attributable to non-controlling interests	37,062,000	31,107,000	7,755,000
  Comprehensive income attributable to Dutch Bros Inc.	79,262,000	35,342,000	1,449,000

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• Consolidated Statements of Comprehensive Income (Parenthetical)

  12 Months Ended	2025-12-31	2024-12-31	2023-12-31
  Statement of Comprehensive Income [Abstract]
  Unrealized gain (loss) on derivative securities, effective portion, net of income tax expense (benefit)	(224,000)	(83,000)	10,000

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• Consolidated Statements of Stockholders’ Equity (Parenthetical)

  12 Months Ended	2025-12-31	2024-12-31	2023-12-31
  Statement of Stockholders' Equity [Abstract]
  Unrealized (loss) gain on derivative securities, effective portion, net of income tax (benefit) expense	(224,000)	(83,000)	10,000

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• Consolidated Statements of Cash Flows

  12 Months Ended	2025-12-31	2024-12-31	2023-12-31
  Cash flows from operating activities:
  Net income	117,275,000	66,450,000	9,952,000
  Adjustments to reconcile net income to net cash provided by operating activities:
  Depreciation and amortization	115,133,000	93,005,000	69,135,000
  Non-cash interest expense	824,000	1,113,000	887,000
  Non-cash donation expense	0	1,811,000	0
  (Gain) loss on disposal of assets	300,000	(1,277,000)	(23,000)
  Loss on extinguishment of debt	809,000	0	0
  Equity-based compensation	18,022,000	11,482,000	39,222,000
  Deferred income taxes	17,617,000	15,421,000	5,946,000
  Remeasurement gain on TRAs(this filer’s own measure)	(4,767,000)	(4,247,000)	(2,638,000)
  Non-cash operating lease cost(this filer’s own measure)	20,666,000	15,765,000	11,413,000

  Show the remaining 36 line items

  12 Months Ended	2025-12-31	2024-12-31	2023-12-31
  Changes in operating assets and liabilities:
  Accounts receivable, net	(7,789,000)	(1,474,000)	2,842,000
  Inventories, net	(12,429,000)	10,465,000	(7,724,000)
  Prepaid expenses and other current assets	(3,656,000)	(2,282,000)	(4,775,000)
  Other long-term assets	(1,961,000)	611,000	(578,000)
  Accounts payable	3,706,000	3,658,000	3,903,000
  Other current liabilities	20,426,000	29,618,000	15,921,000
  Deferred revenue	13,693,000	13,858,000	5,571,000
  Other long-term liabilities	(8,000)	0	0
  Operating lease liabilities	(2,316,000)	(7,545,000)	(9,139,000)
  Net cash provided by operating activities	295,545,000	246,432,000	139,915,000
  Cash flows from investing activities:
  Purchases of property and equipment	(241,134,000)	(221,738,000)	(228,457,000)
  Proceeds from disposal of property and equipment	66,000	9,666,000	1,177,000
  Net cash used in investing activities	(241,068,000)	(212,072,000)	(227,280,000)
  Cash flows from financing activities:
  Proceeds from line of credit	0	2,449,000	90,000,000
  Payments on line of credit	0	(2,449,000)	(202,705,000)
  Payments on finance lease liabilities	(16,105,000)	(10,541,000)	(12,432,000)
  Proceeds from long-term debt	250,000,000	150,000,000	1,647,000
  Payments on long-term debt	(286,685,000)	(11,053,000)	(2,613,000)
  Payments of debt issuance costs	(1,547,000)	0	(1,350,000)
  Proceeds from equity offering, net of underwriting discounts and commissions(this filer’s own measure)	0	0	331,200,000
  Payment of deferred offering costs(this filer’s own measure)	0	0	(1,119,000)
  Tax withholding payments upon vesting of equity awards	(12,525,000)	(1,069,000)	(1,896,000)
  Distributions to non-controlling interest holders	(6,867,000)	(1,888,000)	0
  Payments under tax receivable agreements(this filer’s own measure)	(4,698,000)	0	0
  Net cash provided by (used in) financing activities	(78,427,000)	125,449,000	200,732,000
  Net increase (decrease) in cash and cash equivalents	(23,950,000)	159,809,000	113,367,000
  Cash and cash equivalents, beginning of period	293,354,000	133,545,000	20,178,000
  Cash and cash equivalents, end of period	269,404,000	293,354,000	133,545,000
  Supplemental disclosure of cash flow information
  Interest paid	38,973,000	39,103,000	34,969,000
  Income taxes paid	996,000	2,253,000	1,731,000
  Supplemental disclosure of noncash investing and financing activities
  Additions of property and equipment recorded as liabilities as of end of period	10,804,000	12,635,000	13,880,000

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• Revenue by type

  12 Months Ended	2025-12-31	2024-12-31	2023-12-31
  Company-operated shops	1,509,329,000	1,165,830,000	857,939,000
  Franchising and other	128,830,000	115,185,000	107,837,000

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• Long-term DebtUSD 202,463,000 · as at 2025-12-31 · 10-K filed 2026-02-13

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• Entity Public FloatUSD 8,500,000,000 · as at 2025-06-30 · 10-K filed 2026-02-13

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• Operating Lease, CostUSD 43,664,000 · year to 2025-12-31 · 10-K filed 2026-02-13

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• Number of Stores1,225 · as at 2026-06-30 · 10-Q filed 2026-08-06

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• Subsidiaries named in the annual report

  • Dutch Mafia, LLC · Delaware
  • Boersma Bros. LLC · Oregon
  • DB Franchising USA, LLC · Oregon
  • Dutch Bros., LLC · Oregon
  • Dutchwear, LLC · Oregon
  • BB Holdings AL, LLC · Oregon
  • BB Holdings AR, LLC · Oregon
  • BB Holdings AZ, LLC · Oregon
  • BB Holdings CA, LLC · Oregon
  • BB Holdings Colorado, LLC · Oregon
  • BB Holdings FL, LLC · Oregon
  • BB Holdings ID, LLC · Oregon

  Show the remaining 11

  • BB Holdings KS, LLC · Oregon
  • BB Holdings KY, LLC · Oregon
  • BB Holdings MO, LLC · Oregon
  • BB Holdings NM, LLC · Oregon
  • BB Holdings NV, LLC · Oregon
  • BB Holdings OK Group, LLC · Oregon
  • BB Holdings OR, LLC · Oregon
  • BB Holdings TN, LLC · Oregon
  • BB Holdings TX, LLC · Oregon
  • BB Holdings UT, LLC · Oregon
  • BB Holdings WA, LLC · Oregon

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• Hart Gerard Johan

  director

  • SEC insider of Dutch Bros Inc.

  Holds

  4,236 Class A Common Stock

  Holds

  2,324 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1305052

  Show 9 reported transactions

  2026-08-20	exercise or conversion of a derivative	775	acquired
  2026-08-20	exercise or conversion of a derivativeRestricted Stock Units → 775 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	775	disposed
  2026-05-13	grant or awardRestricted Stock Units → 3,099 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	3,099	acquired
  2026-05-13	exercise or conversion of a derivative	444	acquired
  2026-05-13	exercise or conversion of a derivativeRestricted Stock Units → 444 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which vested on each of August 20, 2025, November 20, 2025, February 20, 2026, and the date of the Issuer's 2026 annual stockholder meeting, which occurred on May 13, 2026.	444	disposed
  2026-02-20	exercise or conversion of a derivative	445	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed
  2025-11-20	exercise or conversion of a derivative	445	acquired
  2025-11-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000130505226000009/wk-form4_1787329143.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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• Maw Scott Harlan

  director

  • SEC insider of Dutch Bros Inc.

  Holds

  775 Class A Common Stock

  Holds

  2,324 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1483625

  Show 3 reported transactions

  2026-08-20	exercise or conversion of a derivative	775	acquired
  2026-08-20	exercise or conversion of a derivativeRestricted Stock Units → 775 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	775	disposed
  2026-05-13	grant or awardRestricted Stock Units → 3,099 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	3,099	acquired

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000143/wk-form4_1787329107.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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• Gillett Stephen

  director

  • SEC insider of Dutch Bros Inc.

  Holds

  19,282 Class A Common Stock

  Holds

  2,324 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1492029

  Show 9 reported transactions

  2026-08-20	exercise or conversion of a derivative	775	acquired
  2026-08-20	exercise or conversion of a derivativeRestricted Stock Units → 775 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	775	disposed
  2026-05-13	grant or awardRestricted Stock Units → 3,099 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	3,099	acquired
  2026-05-13	exercise or conversion of a derivative	444	acquired
  2026-05-13	exercise or conversion of a derivativeRestricted Stock Units → 444 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which vested on each of August 20, 2025, November 20, 2025, February 20, 2026, and the date of the Issuer's 2026 annual stockholder meeting, which occurred on May 13, 2026.	444	disposed
  2026-02-20	exercise or conversion of a derivative	445	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed
  2025-11-20	exercise or conversion of a derivative	445	acquired
  2025-11-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000147/wk-form4_1787329150.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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  Dutch Bros Inc., the SEC registrant the site links

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• Cone C. David

  director

  • SEC insider of Dutch Bros Inc.

  Holds

  7,215 Class A Common Stock

  Holds

  2,324 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1570143

  Show 9 reported transactions

  2026-08-20	exercise or conversion of a derivative	775	acquired
  2026-08-20	exercise or conversion of a derivativeRestricted Stock Units → 775 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	775	disposed
  2026-05-13	grant or awardRestricted Stock Units → 3,099 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	3,099	acquired
  2026-05-13	exercise or conversion of a derivative	444	acquired
  2026-05-13	exercise or conversion of a derivativeRestricted Stock Units → 444 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which vested on each of August 20, 2025, November 20, 2025, February 20, 2026, and the date of the Issuer's 2026 annual stockholder meeting, which occurred on May 13, 2026.	444	disposed
  2026-02-20	exercise or conversion of a derivative	445	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed
  2025-11-20	exercise or conversion of a derivative	445	acquired
  2025-11-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000144/wk-form4_1787329114.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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• Penegor Todd Allan

  director

  • SEC insider of Dutch Bros Inc.

  Holds

  8,133 Class A Common Stock

  Holds

  2,324 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1578490

  Show 11 reported transactions

  2026-08-20	exercise or conversion of a derivative	775	acquired
  2026-08-20	exercise or conversion of a derivativeRestricted Stock Units → 775 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	775	disposed
  2026-08-13	open-market or private purchase	2,000 @ 51.56	acquired
  2026-05-15	open-market or private purchase	2,000 @ 51.175	acquired
  2026-05-13	grant or awardRestricted Stock Units → 3,099 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	3,099	acquired
  2026-05-13	exercise or conversion of a derivative	444	acquired
  2026-05-13	exercise or conversion of a derivativeRestricted Stock Units → 444 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which vested on each of August 20, 2025, November 20, 2025, February 20, 2026, and the date of the Issuer's 2026 annual stockholder meeting, which occurred on May 13, 2026.	444	disposed
  2026-02-20	exercise or conversion of a derivative	445	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed
  2025-11-20	exercise or conversion of a derivative	445	acquired
  2025-11-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000157849026000006/wk-form4_1787329122.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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• Tullett Victoria J

  Chief Legal Officer · officer

  • SEC insider of Dutch Bros Inc.

  Holds

  26,228 Class A Common Stock

  Holds

  8,988 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1606719

  Show 13 reported transactions

  2026-03-01	grant or awardRestricted Stock Units → 5,595 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2027, February 20, 2028, and February 20, 2029.	5,595	acquired
  2026-03-01	shares withheld for exercise price or tax	1,889 @ 53.61	disposed
  2026-03-01	shares withheld for exercise price or tax	3,439 @ 53.61	disposed
  2026-03-01	exercise or conversion of a derivative	7,033	acquired
  2026-03-01	exercise or conversion of a derivative	8,988	acquired
  2026-03-01	exercise or conversion of a derivativeRestricted Stock Units → 7,033 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 50% of which will vest on each of March 1, 2025 and March 1, 2026.	7,033	disposed
  2026-03-01	exercise or conversion of a derivativeRestricted Stock Units → 8,988 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of March 1, 2025, March 1, 2026, and March 1, 2027.	8,988	disposed
  2026-02-20	shares withheld for exercise price or tax	376 @ 48.81	disposed
  2026-02-20	exercise or conversion of a derivativeEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.	1,168	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 1,168 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2026, February 20, 2027, and February 20, 2028.	1,168	disposed
  2025-11-01	shares withheld for exercise price or tax	914 @ 55.54	disposed
  2025-11-01	exercise or conversion of a derivativeEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.	2,182	acquired
  2025-11-01	exercise or conversion of a derivativeRestricted Stock Units → 2,182 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 50% of which vested on each of November 1, 2024 and November 1, 2025.	2,182	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000044/wk-form4_1772497323.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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• MARCHISOTTO KORY

  director

  • SEC insider of Dutch Bros Inc.

  Holds

  2,968 Class A Common Stock

  Holds

  2,324 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1768965

  Show 9 reported transactions

  2026-08-20	exercise or conversion of a derivative	775	acquired
  2026-08-20	exercise or conversion of a derivativeRestricted Stock Units → 775 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	775	disposed
  2026-05-13	grant or awardRestricted Stock Units → 3,099 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	3,099	acquired
  2026-05-13	exercise or conversion of a derivative	444	acquired
  2026-05-13	exercise or conversion of a derivativeRestricted Stock Units → 444 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which vested on each of August 20, 2025, November 20, 2025, February 20, 2026, and the date of the Issuer's 2026 annual stockholder meeting, which occurred on May 13, 2026.	444	disposed
  2026-02-20	exercise or conversion of a derivative	445	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed
  2025-11-20	exercise or conversion of a derivative	445	acquired
  2025-11-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000146/wk-form4_1787329138.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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• Daddario Nick

  Chief Accounting Officer · officer

  • SEC insider of Dutch Bros Inc.

  Holds

  5,036 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1796052

  Show 7 reported transactions

  2026-03-01	grant or awardRestricted Stock Units → 5,036 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2027, February 20, 2028, and February 20, 2029.	5,036	acquired
  2026-02-20	shares withheld for exercise price or tax	196 @ 48.81	disposed
  2026-02-20	shares withheld for exercise price or tax	294 @ 48.81	disposed
  2026-02-20	exercise or conversion of a derivativeEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.	609	acquired
  2026-02-20	exercise or conversion of a derivativeEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.	914	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 609 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of 1,828 restricted stock units, 33.33% of which will vest on each of February 20, 2026, February 20, 2027, and February 20, 2028.	609	disposed
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 914 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of 2,743 restricted stock units, 33.33% of which will vest on each of February 20, 2026, February 20, 2027, and February 20, 2028.	914	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000045/wk-form4_1772497338.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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• Barone Christine

  CEO and President · officer · director

  • SEC insider of Dutch Bros Inc.

  Holds

  44,573 Class A Common Stock

  SEC CIK

  1804370

  Show 1 notice of intent to sell

  • Intends to sell 42,031 Common, worth 2,428,971.49 when filed, on or about 2026-06-10held as Restricted Stock Units · through Morgan Stanley Smith Barney LLC Executive Financial Services

  Show 14 reported transactions

  2026-06-10	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $60.0000 to $60.5500 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.	42,031 @ 60.134	disposed
  2026-03-01	grant or awardRestricted Stock Units → 46,633 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2027, February 20, 2028, and February 20, 2029.	46,633	acquired
  2026-03-01	shares withheld for exercise price or tax	12,265 @ 53.61	disposed
  2026-03-01	shares withheld for exercise price or tax	8,177 @ 53.61	disposed
  2026-03-01	shares withheld for exercise price or tax	8,463 @ 53.61	disposed
  2026-03-01	exercise or conversion of a derivative	19,537	acquired
  2026-03-01	exercise or conversion of a derivative	20,222	acquired
  2026-03-01	exercise or conversion of a derivative	29,306	acquired
  2026-03-01	exercise or conversion of a derivativeRestricted Stock Units → 19,537 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of 32,051 restricted stock units, 50% of which will vest on each of March 1, 2025 and March 1, 2026.	19,537	disposed
  2026-03-01	exercise or conversion of a derivativeRestricted Stock Units → 20,222 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of March 1, 2025, March 1, 2026, and March 1, 2027.	20,222	disposed
  2026-03-01	exercise or conversion of a derivativeRestricted Stock Units → 29,306 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of 48,076 restricted stock units, 50% of which will vest on each of March 1, 2025 and March 1, 2026.	29,306	disposed
  2026-02-20	shares withheld for exercise price or tax	1,682 @ 48.81	disposed
  2026-02-20	exercise or conversion of a derivativeEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.	6,095	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 6,095 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2026, February 20, 2027, and February 20, 2028.	6,095	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000119/wk-form4_1781221989.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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• DM Individual Aggregator, LLC

  ten percent owner

  • SEC insider of Dutch Bros Inc.

  Holds

  2,360,091 Class A Common Stock

  SEC CIK

  1883096

  Show 22 reported transactions

  2026-10-20	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $44.0000 to $44.0900 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.	50,709 @ 44.008	disposed
  2026-06-11	open-market or private saleRepresents 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.	120,729 @ 63.457	disposed
  2026-06-11	open-market or private saleRepresents 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.	124,771 @ 62.4706	disposed
  2026-06-11	open-market or private saleRepresents 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.	15,555 @ 64.1045	disposed
  2026-06-10	open-market or private saleRepresents 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.	13,598 @ 61.0797	disposed
  2026-06-10	open-market or private saleRepresents 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.	247,456 @ 60.3362	disposed
  2026-06-01	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.0000 to $58.6500 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.	155,692 @ 58.2596	disposed
  2026-05-29	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.0000 to $58.7700 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.	105,362 @ 58.2716	disposed
  2026-05-28	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.4400 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.	71,399 @ 56.1565	disposed
  2026-05-27	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.5800 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.	189,655 @ 56.2102	disposed
  2026-04-27	conversion of a derivative	3,445,200	acquired
  2026-04-27	conversion of a derivativeClass A Common Units → 3,445,200 Class A Common StockRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the amended and restated limited liability company agreement of Dutch Mafia, LLC ("Dutch Mafia"), Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. The Class A Common Units of Dutch Mafia do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.	3,445,200	disposed
  2026-04-22	other acquisition or dispositionClass A Common Units → 17,195 Class A Common StockRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the limited liability company agreement of Dutch Mafia, Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Certain Class A Common Units of Dutch Mafia are paired with an equal number of shares of Class B Common Stock of the Issuer ("Paired Units"). Upon the exchange of Paired Units for Class A Common Stock of the Issuer, the associated shares of Class B Common Stock are surrendered to and canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of the Issuer do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.On April 22, 2026, the Class A Common Units of Dutch Mafia, LLC ("Dutch Mafia") were recapitalized through a reverse unit split, which resulted in the cancellation without consideration of 33,022 shares of the Issuer's Class B Common Stock, in accordance with the limited liability company agreement of Dutch Mafia (the "Recapitalization"). As a result of the Recapitalization, the Class A Common Units of Dutch Mafia beneficially owned by DM Individual Aggregator, LLC were reduced by 17,195 units, and the shares of Class B Common Stock of the Issuer beneficially owned by DM Individual Aggregator, LLC were reduced by 13,277 shares.	17,195	disposed
  2026-04-22	other acquisition or dispositionOn April 22, 2026, the Class A Common Units of Dutch Mafia, LLC ("Dutch Mafia") were recapitalized through a reverse unit split, which resulted in the cancellation without consideration of 33,022 shares of the Issuer's Class B Common Stock, in accordance with the limited liability company agreement of Dutch Mafia (the "Recapitalization"). As a result of the Recapitalization, the Class A Common Units of Dutch Mafia beneficially owned by DM Individual Aggregator, LLC were reduced by 17,195 units, and the shares of Class B Common Stock of the Issuer beneficially owned by DM Individual Aggregator, LLC were reduced by 13,277 shares.	13,277	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $57.1200 to $57.6900 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.	119,807 @ 57.4156	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.0100 to $55.0050 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.	164,625 @ 54.5765	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $55.0100 to $55.9200 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.	268,897 @ 55.2716	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.1200 to $57.1100 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.	37,952 @ 56.6347	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.0100 to $54.0050 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.	56,808 @ 53.7431	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.3200 to $55.2500 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.	14,268 @ 54.8261	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.3200 to $54.3100 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.	204,160 @ 53.5286	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $52.3200 to $53.3150 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.	98,697 @ 52.9467	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000160/wk-form4_1792690064.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

  Read from

  https://www.sec.gov

• DM Trust Aggregator, LLC

  ten percent owner

  • SEC insider of Dutch Bros Inc.

  Holds

  4,419,652 Class A Common Stock

  SEC CIK

  1883105

  Show 22 reported transactions

  2026-10-20	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $44.0000 to $44.0900 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.	94,978 @ 44.008	disposed
  2026-06-11	open-market or private saleRepresents 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.	226,120 @ 63.457	disposed
  2026-06-11	open-market or private saleRepresents 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.	233,690 @ 62.4706	disposed
  2026-06-11	open-market or private saleRepresents 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.	29,135 @ 64.1045	disposed
  2026-06-10	open-market or private saleRepresents 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.	27,413 @ 61.0797	disposed
  2026-06-10	open-market or private saleRepresents 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.	461,532 @ 60.3528	disposed
  2026-06-01	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.0000 to $58.6500 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.	291,607 @ 58.2596	disposed
  2026-05-29	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.0000 to $58.7700 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.	197,338 @ 58.2716	disposed
  2026-05-28	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.4400 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.	133,728 @ 56.1565	disposed
  2026-05-27	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.5800 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.	355,217 @ 56.2102	disposed
  2026-04-27	conversion of a derivative	6,454,800	acquired
  2026-04-27	conversion of a derivativeClass A Common Units → 6,454,800 Class A Common StockRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the amended and restated limited liability company agreement of Dutch Mafia, LLC ("Dutch Mafia"), Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. The Class A Common Units of Dutch Mafia do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.	6,454,800	disposed
  2026-04-22	other acquisition or dispositionClass A Common Units → 27,341 Class A Common StockRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the limited liability company agreement of Dutch Mafia, Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Certain Class A Common Units of Dutch Mafia are paired with an equal number of shares of Class B Common Stock of the Issuer ("Paired Units"). Upon the exchange of Paired Units for Class A Common Stock of the Issuer, the associated shares of Class B Common Stock are surrendered to and canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of the Issuer do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.On April 22, 2026, the Class A Common Units of Dutch Mafia, LLC ("Dutch Mafia") were recapitalized through a reverse unit split, which resulted in the cancellation without consideration of 33,022 shares of the Issuer's Class B Common Stock, in accordance with the limited liability company agreement of Dutch Mafia (the "Recapitalization"). As a result of the Recapitalization, the Class A Common Units of Dutch Mafia beneficially owned by DM Trust Aggregator, LLC were reduced by 27,341 units, and the shares of Class B Common Stock of the Issuer beneficially owned by DM Trust Aggregator, LLC were reduced by 19,318 shares.	27,341	disposed
  2026-04-22	other acquisition or dispositionOn April 22, 2026, the Class A Common Units of Dutch Mafia, LLC ("Dutch Mafia") were recapitalized through a reverse unit split, which resulted in the cancellation without consideration of 33,022 shares of the Issuer's Class B Common Stock, in accordance with the limited liability company agreement of Dutch Mafia (the "Recapitalization"). As a result of the Recapitalization, the Class A Common Units of Dutch Mafia beneficially owned by DM Trust Aggregator, LLC were reduced by 27,341 units, and the shares of Class B Common Stock of the Issuer beneficially owned by DM Trust Aggregator, LLC were reduced by 19,318 shares.	19,318	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $57.1200 to $57.6900 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.	190,506 @ 57.4156	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.0100 to $55.0050 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.	261,767 @ 54.5765	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $55.0100 to $55.9200 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.	427,572 @ 55.2716	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.1200 to $57.1100 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.	60,348 @ 56.6347	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.0100 to $54.0050 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.	90,334 @ 53.7432	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $52.3200 to $53.3150 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.	156,937 @ 52.9467	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.3200 to $55.2500 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.	22,687 @ 54.826	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.3200 to $54.3100 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.	324,635 @ 53.5286	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000159/wk-form4_1792690056.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

  Read from

  https://www.sec.gov

• George Kathryn

  director

  • SEC insider of Dutch Bros Inc.

  Holds

  14,121 Class A Common Stock

  Holds

  0 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1883130

  Show 6 reported transactions

  2026-05-13	exercise or conversion of a derivative	444	acquired
  2026-05-13	exercise or conversion of a derivativeRestricted Stock Units → 444 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	444	disposed
  2026-02-20	exercise or conversion of a derivative	445	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed
  2025-11-20	exercise or conversion of a derivative	445	acquired
  2025-11-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000091/wk-form4_1778886568.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

  Read from

  https://www.sec.gov

• Boersma Travis

  Executive Chairman of Board · officer · director · ten percent owner

  • SEC insider of Dutch Bros Inc.

  By DM Trust Aggregator, LLC

  4,419,652 Class A Common Stock

  By DM Individual Aggregator, LLC

  2,360,091 Class A Common Stock

  SEC CIK

  1883154

  Show 46 reported transactions

  2026-10-20	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $44.0000 to $44.0900 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.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.	50,709 @ 44.008	disposed
  2026-10-20	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $44.0000 to $44.0900 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.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.	94,978 @ 44.008	disposed
  2026-06-11	open-market or private saleRepresents 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.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	120,729 @ 63.457	disposed
  2026-06-11	open-market or private saleRepresents 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.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	124,771 @ 62.4706	disposed
  2026-06-11	open-market or private saleRepresents 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.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	15,555 @ 64.1045	disposed
  2026-06-11	open-market or private saleRepresents 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.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	226,120 @ 63.457	disposed
  2026-06-11	open-market or private saleRepresents 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.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	233,690 @ 62.4706	disposed
  2026-06-11	open-market or private saleRepresents 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.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	29,135 @ 64.1045	disposed
  2026-06-10	open-market or private saleRepresents 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.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	13,598 @ 61.0797	disposed
  2026-06-10	open-market or private saleRepresents 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.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	247,456 @ 60.3362	disposed
  2026-06-10	open-market or private saleRepresents 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.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	27,413 @ 61.0797	disposed
  2026-06-10	open-market or private saleRepresents 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.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	461,532 @ 60.3528	disposed
  2026-06-01	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.0000 to $58.6500 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.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.	155,692 @ 58.2596	disposed
  2026-06-01	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.0000 to $58.6500 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.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.	291,607 @ 58.2596	disposed
  2026-05-29	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.0000 to $58.7700 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.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.	105,362 @ 58.2716	disposed
  2026-05-29	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.0000 to $58.7700 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.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.	197,338 @ 58.2716	disposed
  2026-05-28	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.4400 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.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.	133,728 @ 56.1565	disposed
  2026-05-28	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.4400 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.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.	71,399 @ 56.1565	disposed
  2026-05-27	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.5800 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.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.	189,655 @ 56.2102	disposed
  2026-05-27	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.0000 to $56.5800 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.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.	355,217 @ 56.2102	disposed
  2026-04-27	conversion of a derivativeThe Reporting Person is the manager of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco 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.	3,445,200	acquired
  2026-04-27	conversion of a derivativeThe Reporting Person is the manager of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco 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.	6,454,800	acquired
  2026-04-27	conversion of a derivativeClass A Common Units → 3,445,200 Class A Common StockRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the amended and restated limited liability company agreement of Dutch Mafia, LLC ("Dutch Mafia"), Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. The Class A Common Units of Dutch Mafia do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.The Reporting Person is the manager of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco 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.	3,445,200	disposed
  2026-04-27	conversion of a derivativeClass A Common Units → 6,454,800 Class A Common StockRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the amended and restated limited liability company agreement of Dutch Mafia, LLC ("Dutch Mafia"), Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. The Class A Common Units of Dutch Mafia do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.The Reporting Person is the manager of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco 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.	6,454,800	disposed
  2026-04-22	other acquisition or dispositionClass A Common Units → 17,195 Class A Common StockRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the limited liability company agreement of Dutch Mafia, Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Certain Class A Common Units of Dutch Mafia are paired with an equal number of shares of Class B Common Stock of the Issuer ("Paired Units"). Upon the exchange of Paired Units for Class A Common Stock of the Issuer, the associated shares of Class B Common Stock are surrendered to and canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of the Issuer do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.On April 22, 2026, the Class A Common Units of Dutch Mafia, LLC ("Dutch Mafia") were recapitalized through a reverse unit split, which resulted in the cancellation without consideration of 33,022 shares of the Issuer's Class B Common Stock, in accordance with the limited liability company agreement of Dutch Mafia (the "Recapitalization"). As a result of the Recapitalization, the Class A Common Units of Dutch Mafia beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC were each reduced by 27,341 units, 17,195 units and 670 units, respectively, and the shares of Class B Common Stock of the Issuer beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC were each reduced by 19,318 shares, 13,277 shares and 427 shares, respectively.The Reporting Person is the manager of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco 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.	17,195	disposed
  2026-04-22	other acquisition or dispositionClass A Common Units → 27,341 Class A Common StockRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the limited liability company agreement of Dutch Mafia, Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Certain Class A Common Units of Dutch Mafia are paired with an equal number of shares of Class B Common Stock of the Issuer ("Paired Units"). Upon the exchange of Paired Units for Class A Common Stock of the Issuer, the associated shares of Class B Common Stock are surrendered to and canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of the Issuer do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.On April 22, 2026, the Class A Common Units of Dutch Mafia, LLC ("Dutch Mafia") were recapitalized through a reverse unit split, which resulted in the cancellation without consideration of 33,022 shares of the Issuer's Class B Common Stock, in accordance with the limited liability company agreement of Dutch Mafia (the "Recapitalization"). As a result of the Recapitalization, the Class A Common Units of Dutch Mafia beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC were each reduced by 27,341 units, 17,195 units and 670 units, respectively, and the shares of Class B Common Stock of the Issuer beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC were each reduced by 19,318 shares, 13,277 shares and 427 shares, respectively.The Reporting Person is the manager of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco 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.	27,341	disposed
  2026-04-22	other acquisition or dispositionClass A Common Units → 670 Class A Common StockRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the limited liability company agreement of Dutch Mafia, Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Certain Class A Common Units of Dutch Mafia are paired with an equal number of shares of Class B Common Stock of the Issuer ("Paired Units"). Upon the exchange of Paired Units for Class A Common Stock of the Issuer, the associated shares of Class B Common Stock are surrendered to and canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of the Issuer do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.On April 22, 2026, the Class A Common Units of Dutch Mafia, LLC ("Dutch Mafia") were recapitalized through a reverse unit split, which resulted in the cancellation without consideration of 33,022 shares of the Issuer's Class B Common Stock, in accordance with the limited liability company agreement of Dutch Mafia (the "Recapitalization"). As a result of the Recapitalization, the Class A Common Units of Dutch Mafia beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC were each reduced by 27,341 units, 17,195 units and 670 units, respectively, and the shares of Class B Common Stock of the Issuer beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC were each reduced by 19,318 shares, 13,277 shares and 427 shares, respectively.The Reporting Person is the manager of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco 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.	670	disposed
  2026-04-22	other acquisition or dispositionRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the limited liability company agreement of Dutch Mafia, Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Certain Class A Common Units of Dutch Mafia are paired with an equal number of shares of Class B Common Stock of the Issuer ("Paired Units"). Upon the exchange of Paired Units for Class A Common Stock of the Issuer, the associated shares of Class B Common Stock are surrendered to and canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of the Issuer do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.	13,277	disposed
  2026-04-22	other acquisition or dispositionRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the limited liability company agreement of Dutch Mafia, Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Certain Class A Common Units of Dutch Mafia are paired with an equal number of shares of Class B Common Stock of the Issuer ("Paired Units"). Upon the exchange of Paired Units for Class A Common Stock of the Issuer, the associated shares of Class B Common Stock are surrendered to and canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of the Issuer do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.	19,318	disposed
  2026-04-22	other acquisition or dispositionRepresents Class A Common Units of Dutch Mafia, the operating company of the Issuer.In accordance with the limited liability company agreement of Dutch Mafia, Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Certain Class A Common Units of Dutch Mafia are paired with an equal number of shares of Class B Common Stock of the Issuer ("Paired Units"). Upon the exchange of Paired Units for Class A Common Stock of the Issuer, the associated shares of Class B Common Stock are surrendered to and canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of the Issuer do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.	427	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $57.1200 to $57.6900 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.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.	119,807 @ 57.4156	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.0100 to $55.0050 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.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.	164,625 @ 54.5765	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $57.1200 to $57.6900 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.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.	190,506 @ 57.4156	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.0100 to $55.0050 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.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.	261,767 @ 54.5765	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $55.0100 to $55.9200 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.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.	268,897 @ 55.2716	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.1200 to $57.1100 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.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.	37,952 @ 56.6347	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $55.0100 to $55.9200 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.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.	427,572 @ 55.2716	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.0100 to $54.0050 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.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.	56,808 @ 53.7431	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.1200 to $57.1100 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.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.	60,348 @ 56.6347	disposed
  2025-11-25	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.0100 to $54.0050 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.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.	90,334 @ 53.7432	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.3200 to $55.2500 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.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.	14,268 @ 54.8261	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $52.3200 to $53.3150 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.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.	156,937 @ 52.9467	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.3200 to $54.3100 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.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.	204,160 @ 53.5286	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.3200 to $55.2500 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.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.	22,687 @ 54.826	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.3200 to $54.3100 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.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.	324,635 @ 53.5286	disposed
  2025-11-24	open-market or private saleRepresents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $52.3200 to $53.3150 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.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.	98,697 @ 52.9467	disposed

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000158/wk-form4_1792690046.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• Davis Thomas James

  director

  • SEC insider of Dutch Bros Inc.

  Holds

  14,121 Class A Common Stock

  Holds

  0 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1884188

  Show 6 reported transactions

  2026-05-13	exercise or conversion of a derivative	444	acquired
  2026-05-13	exercise or conversion of a derivativeRestricted Stock Units → 444 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	444	disposed
  2026-02-20	exercise or conversion of a derivative	445	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed
  2025-11-20	exercise or conversion of a derivative	445	acquired
  2025-11-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed

  About Dutch Bros Inc., the SEC registrant the site links

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  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000090/wk-form4_1778886555.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• Guenser Joshua J

  Chief Financial Officer · officer

  • SEC insider of Dutch Bros Inc.

  Holds

  30,260 Class A Common Stock

  Holds

  11,403 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1910116

  Show 10 reported transactions

  2026-03-01	grant or awardRestricted Stock Units → 12,590 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2027, February 20, 2028, and February 20, 2029.	12,590	acquired
  2026-03-01	shares withheld for exercise price or tax	4,631 @ 53.61	disposed
  2026-03-01	shares withheld for exercise price or tax	4,773 @ 53.61	disposed
  2026-03-01	exercise or conversion of a derivative	11,403	acquired
  2026-03-01	exercise or conversion of a derivative	11,403	acquired
  2026-03-01	exercise or conversion of a derivativeRestricted Stock Units → 11,403 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.On March 1, 2024, the reporting person received an award of 34,209 restricted stock units, 33.33% of which will vest on each of March 1, 2025, March 1, 2026, and March 1, 2027.	11,403	disposed
  2026-03-01	exercise or conversion of a derivativeRestricted Stock Units → 11,403 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.On March 1, 2024, the reporting person received an award of 34,209 restricted stock units, 33.33% of which will vest on each of March 1, 2025, March 1, 2026, March 1, 2027.	11,403	disposed
  2026-02-20	shares withheld for exercise price or tax	782 @ 48.81	disposed
  2026-02-20	exercise or conversion of a derivativeEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.	2,539	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 2,539 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2026, February 20, 2027, and February 20, 2028.	2,539	disposed

  About Dutch Bros Inc., the SEC registrant the site links

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  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000047/wk-form4_1772497374.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• Miller Ann M

  director

  • SEC insider of Dutch Bros Inc.

  Holds

  12,099 Class A Common Stock

  Holds

  2,324 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1911661

  Show 9 reported transactions

  2026-08-20	exercise or conversion of a derivative	775	acquired
  2026-08-20	exercise or conversion of a derivativeRestricted Stock Units → 775 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	775	disposed
  2026-05-13	grant or awardRestricted Stock Units → 3,099 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.	3,099	acquired
  2026-05-13	exercise or conversion of a derivative	444	acquired
  2026-05-13	exercise or conversion of a derivativeRestricted Stock Units → 444 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which vested on each of August 20, 2025, November 20, 2025, February 20, 2026, and the date of the Issuer's 2026 annual stockholder meeting, which occurred on May 13, 2026.	444	disposed
  2026-02-20	exercise or conversion of a derivative	445	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed
  2025-11-20	exercise or conversion of a derivative	445	acquired
  2025-11-20	exercise or conversion of a derivativeRestricted Stock Units → 445 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.	445	disposed

  About Dutch Bros Inc., the SEC registrant the site links

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  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000145/wk-form4_1787329132.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• DAVILA TANA

  Chief Marketing Officer · officer

  • SEC insider of Dutch Bros Inc.

  Holds

  26,093 Class A Common Stock

  Holds

  0 Restricted Stock Units (a claim on shares, not shares)

  SEC CIK

  1981137

  Show 13 reported transactions

  2026-07-01	shares withheld for exercise price or tax	2,367 @ 73.31	disposed
  2026-07-01	shares withheld for exercise price or tax	3,678 @ 73.31	disposed
  2026-07-01	exercise or conversion of a derivativeEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.	5,655	acquired
  2026-07-01	exercise or conversion of a derivativeEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.	8,787	acquired
  2026-07-01	exercise or conversion of a derivativeRestricted Stock Units → 5,655 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of 11,310 restricted stock units, 50% of which vested on each of July 1, 2025 and July 1, 2026.	5,655	disposed
  2026-07-01	exercise or conversion of a derivativeRestricted Stock Units → 8,787 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of 17,574 restricted stock units, 50% of which vested on each of July 1, 2025 and July 1, 2026.	8,787	disposed
  2026-03-01	grant or awardRestricted Stock Units → 8,393 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2027, February 20, 2028, and February 20, 2029.	8,393	acquired
  2026-03-01	shares withheld for exercise price or tax	1,525 @ 53.61	disposed
  2026-03-01	exercise or conversion of a derivative	5,617	acquired
  2026-03-01	exercise or conversion of a derivativeRestricted Stock Units → 5,617 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of March 1, 2025, March 1, 2026, and March 1, 2027.	5,617	disposed
  2026-02-20	shares withheld for exercise price or tax	490 @ 48.81	disposed
  2026-02-20	exercise or conversion of a derivativeEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.	1,523	acquired
  2026-02-20	exercise or conversion of a derivativeRestricted Stock Units → 1,523 Class A Common StockEach restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2026, February 20, 2027, and February 20, 2028.	1,523	disposed

  About Dutch Bros Inc., the SEC registrant the site links

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  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000127/wk-form4_1783349957.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• Other named executive officers, average

  average of the named executive officers other than the chief executive

  Pay, year to 2025-12-31

  2,189,850 reported total · 2,365,528 actually paid

  Pay, year to 2024-12-31

  2,197,234 reported total · 3,270,881 actually paid

  Pay, year to 2023-12-31

  2,074,150 reported total · 2,235,642 actually paid

  Pay, year to 2022-12-31

  910,478 reported total · (5,481,343) actually paid

  Pay, year to 2021-12-31

  35,049,344 reported total · 47,823,598 actually paid

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000055/R2.htm → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• Ricci

  principal executive officer

  Pay, year to 2025-12-31

  6,668,231 reported total

  Pay, year to 2021-12-31

  62,432,892 reported total · 84,765,609 actually paid

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000055/R2.htm → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• Boersma

  principal executive officer

  Pay, year to 2021-12-31

  1,500,060 reported total · 1,500,060 actually paid

  About Dutch Bros Inc., the SEC registrant the site links

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  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000055/R2.htm → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• Ms. Barone

  principal executive officer

  Pay, year to 2025-12-31

  6,668,231 reported total · 8,180,884 actually paid

  Pay, year to 2024-12-31

  4,968,400 reported total · 8,369,224 actually paid

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000055/R2.htm → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• Jonathan “Joth” Ricci

  principal executive officer

  Pay, year to 2023-12-31

  1,916,628 reported total · 2,832,321 actually paid

  Pay, year to 2022-12-31

  1,114,060 reported total · (10,603,081) actually paid

  About Dutch Bros Inc., the SEC registrant the site links

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  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000055/R2.htm → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

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• DM INDIVIDUAL AGGREGATOR, LLC

  10% Stockholder

  Show 9 notices of intent to sell

  • Intends to sell 50,709 Common, worth 2,173,387.74 when filed, on or about 2026-10-20held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Services
  • Intends to sell 261,055 Common, worth 15,736,395.4 when filed, on or about 2026-06-11held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 488,945 on 2026-06-10 for 29,529,145.97 grossalready sold 261,054 on 2026-06-10 for 15,761,114.09 grossalready sold 291,607 on 2026-06-01 for 16,988,907.18 grossalready sold 155,692 on 2026-06-01 for 9,070,553.64 grossalready sold 197,338 on 2026-05-29 for 11,499,201 grossalready sold 105,362 on 2026-05-29 for 6,139,612.32 grossalready sold 133,728 on 2026-05-28 for 7,509,696.43 grossalready sold 71,399 on 2026-05-28 for 4,009,517.94 grossalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 261,054 Common, worth 15,086,310.66 when filed, on or about 2026-06-10held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 291,607 on 2026-06-01 for 16,988,907.18 grossalready sold 155,692 on 2026-06-01 for 9,070,553.64 grossalready sold 197,338 on 2026-05-29 for 11,499,201 grossalready sold 105,362 on 2026-05-29 for 6,139,612.32 grossalready sold 133,728 on 2026-05-28 for 7,509,696.43 grossalready sold 71,399 on 2026-05-28 for 4,009,517.94 grossalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 155,692 Common, worth 9,030,136 when filed, on or about 2026-06-01held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 197,338 on 2026-05-29 for 11,499,201 grossalready sold 105,362 on 2026-05-29 for 6,139,612.32 grossalready sold 133,728 on 2026-05-28 for 7,509,696.43 grossalready sold 71,399 on 2026-05-28 for 4,009,517.94 grossalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 105,362 Common, worth 5,959,274.72 when filed, on or about 2026-05-29held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 133,728 on 2026-05-28 for 7,509,696.43 grossalready sold 71,399 on 2026-05-28 for 4,009,517.94 grossalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 71,399 Common, worth 3,991,918.09 when filed, on or about 2026-05-28held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 189,655 Common, worth 10,159,818.35 when filed, on or about 2026-05-27held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Services
  • Intends to sell 648,089 Common, worth 34,582,029.04 when filed, on or about 2025-11-25held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 317,125 on 2025-11-24 for 16,936,332.12 grossalready sold 504,259 on 2025-11-24 for 26,930,382.5 gross
  • Intends to sell 317,125 Common, worth 17,391,135 when filed, on or about 2025-11-24held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 304,113 on 2025-08-25 for 20,966,523.38 grossalready sold 483,568 on 2025-08-25 for 33,338,725.34 gross

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  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000195004726010322/primary_doc.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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  https://www.sec.gov

• DM TRUST AGGREGATOR LLC

  10% Stockholder

  Show 2 notices of intent to sell

  • Intends to sell 1,030,527 Common, worth 54,988,920.72 when filed, on or about 2025-11-25held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 317,125 on 2025-11-24 for 16,936,332.12 grossalready sold 504,259 on 2025-11-24 for 26,930,382.5 gross
  • Intends to sell 504,259 Common, worth 27,653,563.56 when filed, on or about 2025-11-24held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 304,113 on 2025-08-25 for 20,966,523.38 grossalready sold 483,568 on 2025-08-25 for 33,338,725.34 gross

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000195004725009373/primary_doc.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

  Read from

  https://www.sec.gov

• DM TRUST AGGREGATOR, LLC

  10% Stockholder

  Show 7 notices of intent to sell

  • Intends to sell 94,978 Common, worth 4,070,757.08 when filed, on or about 2026-10-20held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Services
  • Intends to sell 488,945 Common, worth 29,473,604.6 when filed, on or about 2026-06-11held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 488,945 on 2026-06-10 for 29,529,145.97 grossalready sold 261,054 on 2026-06-10 for 15,761,114.09 grossalready sold 291,607 on 2026-06-01 for 16,988,907.18 grossalready sold 155,692 on 2026-06-01 for 9,070,553.64 grossalready sold 197,338 on 2026-05-29 for 11,499,201 grossalready sold 105,362 on 2026-05-29 for 6,139,612.32 grossalready sold 133,728 on 2026-05-28 for 7,509,696.43 grossalready sold 71,399 on 2026-05-28 for 4,009,517.94 grossalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 488,945 Common, worth 28,256,131.55 when filed, on or about 2026-06-10held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 291,607 on 2026-06-01 for 16,988,907.18 grossalready sold 155,692 on 2026-06-01 for 9,070,553.64 grossalready sold 197,338 on 2026-05-29 for 11,499,201 grossalready sold 105,362 on 2026-05-29 for 6,139,612.32 grossalready sold 133,728 on 2026-05-28 for 7,509,696.43 grossalready sold 71,399 on 2026-05-28 for 4,009,517.94 grossalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 291,607 Common, worth 16,913,206 when filed, on or about 2026-06-01held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 197,338 on 2026-05-29 for 11,499,201 grossalready sold 105,362 on 2026-05-29 for 6,139,612.32 grossalready sold 133,728 on 2026-05-28 for 7,509,696.43 grossalready sold 71,399 on 2026-05-28 for 4,009,517.94 grossalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 197,338 Common, worth 11,161,437.28 when filed, on or about 2026-05-29held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 133,728 on 2026-05-28 for 7,509,696.43 grossalready sold 71,399 on 2026-05-28 for 4,009,517.94 grossalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 133,728 Common, worth 7,476,732.48 when filed, on or about 2026-05-28held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Servicesalready sold 355,217 on 2026-05-27 for 19,966,818.61 grossalready sold 189,655 on 2026-05-27 for 10,660,545.48 gross
  • Intends to sell 355,217 Common, worth 19,028,974.69 when filed, on or about 2026-05-27held as Founders Shares · through Morgan Stanley Smith Barney LLC Executive Financial Services

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000195004726010321/primary_doc.xml → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

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  https://www.sec.gov

• Shareholder return and performance

  	2021-02-282 Months Ended	2021-12-3110 Months Ended	2025-12-3112 Months Ended	2024-12-3112 Months Ended	2023-12-3112 Months Ended	2022-12-3112 Months Ended	2021-12-3112 Months Ended
  Value of $100 invested in this company			166.90	142.80	86.34	76.85	138.79
  Value of $100 invested in the peer group			131.30	124.68	96.55	68.46	109.67
  Net income			117,275,000	66,450,000	9,952,000	(19,253,000)	(117,931,000)

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000055/R2.htm → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

  Read from

  https://www.sec.gov

• Material events reported in the last year

  • 2026-08-05 reported results of operations and financial condition · made a Regulation FD disclosure · reported another event it considers material
  • 2026-05-19 reported the results of a shareholder vote
  • 2026-05-15 reported the results of a shareholder vote
  • 2026-05-06 reported results of operations and financial condition · made a Regulation FD disclosure
  • 2026-02-12 reported results of operations and financial condition · made a Regulation FD disclosure
  • 2025-11-05 reported results of operations and financial condition · made a Regulation FD disclosure

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000131/0001866581-26-000131-index.html → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

  Read from

  https://www.sec.gov

• Latest annual report10-K filed 2026-02-13 · for the year ending 2025-12-31

  About Dutch Bros Inc., the SEC registrant the site links

  Published by a third-party source

  Observed via

  https://www.sec.gov/Archives/edgar/data/1866581/000186658126000006/0001866581-26-000006-index.html → https://investors.dutchbros.com/node/10851/html → https://investors.dutchbros.com/node/10476/html

  About

  Dutch Bros Inc., the SEC registrant the site links

  Read from

  https://www.sec.gov