SCHEDULE: Dutch Bros Founder Boersma Boosts Stake to 27.5%
Beneficial Ownership Report Amendment
Travis Boersma and affiliated entities have updated their beneficial ownership in Dutch Bros Inc., reporting a combined 27.5% stake in Class A Common Stock.
Summary
- Travis Boersma, along with DM Trust Aggregator, LLC, DM Individual Aggregator, LLC, and DMI Holdco, LLC, collectively hold beneficial ownership of 48,226,099 shares of Dutch Bros Inc. Class A Common Stock.
- This aggregate ownership represents 27.5% of the Class A Common Stock outstanding.
- Travis Boersma holds sole voting and dispositive power over 48,226,099 shares.
- DM Trust Aggregator, LLC beneficially owns 29,168,511 shares, representing 18.7% of the class.
- DM Individual Aggregator, LLC beneficially owns 18,343,828 shares, representing 12.6% of the class.
- DMI Holdco, LLC beneficially owns 713,760 shares, representing 0.6% of the class.
- The reported shares include Class A common units of Dutch Mafia, LLC (Paired Units and Decoupled Units) which are convertible into Class A Common Stock on a one-for-one basis.
- As of February 6, 2026, there were 127,054,187 shares of Class A Common Stock outstanding.
- Travis Boersma disclaims beneficial ownership of securities held by DMI Holdco, LLC, DM Individual Aggregator, LLC, and DM Trust Aggregator, LLC, except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It is a routine amendment to a beneficial ownership report, providing an update on existing stakes rather than signaling new strategic developments or financial performance.
Future Outlook
This filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the company's future performance or operations.
Management Comments
- Travis Boersma disclaims beneficial ownership of the securities held by DMI Holdco, LLC, DM Individual Aggregator, LLC, and DM Trust Aggregator, LLC except to the extent of his pecuniary interest in such securities.
Industry Context
StockSavvy.ai notes that Schedule 13G filings are routine disclosures for significant shareholders, providing transparency into ownership structures. This amendment updates the reported stake of a key insider and affiliated entities, which is standard practice for publicly traded companies like Dutch Bros Inc. in the competitive beverage and quick-service restaurant industry.
Stakeholder Impact
- Shareholders: Provides updated transparency on the significant ownership stake held by founder Travis Boersma and his affiliated entities, which can influence perceptions of insider commitment and control.
Key Dates
| Date | Description |
|---|---|
| 2022-02-11 | Date of original Schedule 13G filing by Reporting Persons (Joint Filing Agreement incorporated by reference). |
| 2024-02-14 | Date of previous Schedule 13G/A filing by Reporting Persons (Power of Attorney incorporated by reference). |
| 2024-05-16 | Date of Share Surrender Agreement, pursuant to which Class B Common Stock was transferred and surrendered for no consideration, resulting in Decoupled Units. |
| 2025-02-07 | Date of the Fifth Amended and Restated Limited Liability Company Agreement of Dutch Mafia, governing redemption/exchange of Class A Common Units. |
| 2025-12-31 | Date of event which requires filing of this statement (reporting period end). |
| 2026-02-06 | Date as of which the number of Class A Common Stock outstanding (127,054,187 shares) was calculated for percentage ownership. |
| 2026-02-13 | Signature date of the Schedule 13G/A filing. |
Keywords
Dutch Bros Inc., Travis Boersma, Beneficial Ownership, Schedule 13G, Class A Common Stock, Equity Stake, SEC Filing, DBRG
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