Form 4: Dutch Bros Inc.: DM Individual Aggregator, LLC Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
DM Individual Aggregator, LLC, a 10% owner of Dutch Bros Inc., sold 16,452 shares of Class A Common Stock at an average price of $36.0179 on May 29, 2024, under a pre-arranged trading plan.
Summary
- On May 29, 2024, DM Individual Aggregator, LLC, a 10% owner of Dutch Bros Inc., sold 16,452 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $36.0179 per share, with individual transactions ranging from $36 to $36.09.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 15, 2023.
- Following the transaction, DM Individual Aggregator, LLC beneficially owns 634,543 shares of Dutch Bros Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by significant shareholders are a normal part of market activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.
Stakeholder Impact
- The sale of shares by a major shareholder could have a minor negative impact on investor sentiment, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023/08/15 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 2024/05/29 | Date of the transaction (sale of shares) |
| 2024/05/31 | Date of the signature on the Form 4 filing |
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