Form 4: Dutch Bros Inc. Executive Chairman Travis Boersma Sells Shares Under 10b5-1 Trading Plan

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

Summary

• Travis Boersma, the Executive Chairman of Dutch Bros Inc., sold shares of Class A Common Stock on May 10, 2024.
• 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 57,586 shares at a weighted average price of $36.0306, resulting in beneficial ownership of 2,143,918 shares.
• DM Individual Aggregator, LLC sold 57,692 shares at a weighted average price of $36.0344, resulting in beneficial ownership of 1,308,967 shares.
• The price range for the shares sold was between $36.0000 and $36.2200.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The sentiment is neutral as it simply reports the sale of shares under a pre-existing trading plan.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates