SCHEDULE: Dutch Bros Ownership Update: Boersma Holds 30.4%

Travis Boersma and affiliated entities disclose significant beneficial ownership in Dutch Bros Inc., with Boersma holding 30.4% of Class A Common Stock.

Summary

• Travis Boersma, along with DM Trust Aggregator, LLC, DM Individual Aggregator, LLC, and DMI Holdco, LLC, are the reporting persons for this ownership statement.
• Travis Boersma beneficially owns 53,226,099 shares of Dutch Bros Inc. Class A Common Stock, representing 30.4% of the class.
• DM Trust Aggregator, LLC beneficially owns 32,238,083 shares, accounting for 20.7% of the Class A Common Stock.
• DM Individual Aggregator, LLC beneficially owns 20,274,256 shares, representing 14.0% of the Class A Common Stock.
• DMI Holdco, LLC beneficially owns 713,760 shares, which is 0.6% of the Class A Common Stock.
• The beneficial ownership figures include Class A Common Stock, Paired Units (Class A common units of Dutch Mafia, LLC paired with Class B common stock, convertible to Class A), and Decoupled Units (Class A common units of Dutch Mafia, LLC, convertible to Class A).
• The percentage of class is calculated based on 126,960,284 shares of Class A Common Stock outstanding as of July 31, 2025, assuming the conversion of all Paired and Decoupled Units.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Management Comments

• Travis Boersma disclaims beneficial ownership of the securities held by DMI Holdco, LLC, DM Individual Aggregator, LLC, and DM Trust Aggregator, LLC except to the extent of his pecuniary interest in such securities.

Industry Context

This filing is a standard beneficial ownership disclosure and does not provide information related to broader industry trends or competitors.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, particularly by the company's founder and related entities, which can influence control and voting power.

Key Dates

Keywords

Dutch Bros, Travis Boersma, Beneficial Ownership, SEC Filing, Schedule 13G, Class A Common Stock, Equity Ownership, Corporate Governance