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 multiple sales of Class A Common Stock on February 21 and 24, 2025, 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 February 21 and 24, 2025.
• The sales were executed under Rule 10b5-1 trading plans adopted by DM Trust Aggregator, LLC and DM Individual Aggregator, LLC on November 22, 2024.
• On February 21, 2025, sales occurred at weighted average prices ranging from $75.8293 to $82.5541.
• On February 24, 2025, sales occurred at weighted average prices ranging from $72.6842 to $76.234.
• The sales were conducted through DM Trust Aggregator, LLC and DM Individual Aggregator, LLC, where Boersma serves as the manager.
• Boersma disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
• Following these transactions, Boersma continues to indirectly own a significant number of Class A Common Stock shares through the DM Trusts.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are part of a pre-arranged trading plan. It's a routine filing and doesn't necessarily indicate a positive or negative outlook for the company.

Risks

• Executive share sales could be perceived negatively by investors, potentially impacting the stock price.

Management Comments

• The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

Sales by company executives are common and often pre-planned to avoid accusations of insider trading. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• Shareholders may react to the news of executive share sales, although the pre-planned nature of the transactions may mitigate concerns.

Key Dates