Form 4: Dutch Bros Inc. Director Thomas James Davis Reports Stock Vesting
SEC Form 4 Filing
Director Thomas James Davis reports the vesting of restricted stock units in Dutch Bros Inc.
Summary
- On March 31, 2024, Thomas James Davis, a director of Dutch Bros Inc., had 938 shares of Class A Common Stock vest from restricted stock units.
- These restricted stock units convert to Class A Common Stock.
- Following the transaction, Davis directly owns 8,355 shares of Class A Common Stock.
- The vesting occurred as part of a previously awarded grant, with 25% vesting on specific dates.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider activity, neither strongly positive nor negative.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- The vesting of shares has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Vesting of restricted stock units and conversion to Class A Common Stock. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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