Form 4: Travis Boersma Reports Changes in Beneficial Ownership of Dutch Bros Inc. Stock Following Recapitalization

Executive Chairman Travis Boersma reports changes in his beneficial ownership of Dutch Bros Inc. stock due to a recapitalization of Class A Common Units of Dutch Mafia, LLC.

Summary

• On February 7, 2025, a recapitalization of Class A Common Units of Dutch Mafia, LLC occurred, leading to a reverse unit split.
• This resulted in the surrender and cancellation of 15,734 shares of Dutch Bros Inc.'s Class B Common Stock without consideration.
• The recapitalization reduced the Class A Common Units of Dutch Mafia beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC, and DMI Holdco LLC by 15,770, 9,918, and 320 units, respectively.
• The shares of Class B Common Stock of the Issuer beneficially owned by DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC were each reduced by 9,204 shares, 6,326 shares and 204 shares, respectively.
• Travis Boersma, as the manager of the DM Trusts, disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for executives and major shareholders of publicly traded companies. The recapitalization event is specific to the internal structure of Dutch Mafia, LLC, and its impact on the reported holdings of Dutch Bros Inc. stock.

Stakeholder Impact

• The recapitalization and subsequent changes in beneficial ownership may be of interest to shareholders, but the direct impact is likely minimal as it primarily reflects internal restructuring within related entities.

Key Dates