Form 4: Dutch Bros Inc. Executive Chairman Travis Boersma Executes Stock Sales Under 10b5-1 Plans

Travis Boersma, Executive Chairman of Dutch Bros Inc., reports sales of Class A Common Stock through pre-arranged Rule 10b5-1 trading plans.

Summary

• On September 6, 2024, Travis Boersma, the Executive Chairman of Dutch Bros Inc., sold shares of Class A Common Stock.
• The sales were executed under Rule 10b5-1 trading plans adopted by DM Trust Aggregator, LLC and DM Individual Aggregator, LLC on August 15, 2023.
• DM Trust Aggregator, LLC sold 14,101 shares at a weighted average price of $32.0065, with prices ranging from $32.0000 to $32.0700.
• DM Individual Aggregator, LLC sold 14,441 shares at a weighted average price of $32.0063, with prices ranging from $32.0000 to $32.0700.
• Following the transactions, Boersma indirectly owns 698,718 shares through DM Trust Aggregator, LLC and 416,277 shares through DM Individual Aggregator, LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by an executive under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment, but rather routine transactions.

Industry Context

Sales by executives are a normal part of corporate governance, especially when executed under pre-arranged trading plans like Rule 10b5-1, which are designed to prevent accusations of insider trading.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply, but the impact is likely minimal given the pre-planned nature of the sales.

Key Dates