Form 4: TSG7 A Management LLC and Affiliates Adjust Holdings in Dutch Bros Inc. Through Unit Exchanges and Stock Distributions

TSG7 A Management LLC and related entities executed a series of transactions involving Dutch Bros Inc. (BROS) Class A Common Stock, Class C Common Stock, Class D Common Stock, and Class A Common LLC Units, including exchanges, conversions, sales, and pro rata distributions.

Summary

• On May 13, 2024, TSG7 A Management LLC and affiliated entities reported changes in their beneficial ownership of Dutch Bros Inc. securities.
• These changes involve multiple transactions, including the exchange of Class A Common LLC Units for Class A Common Stock, distributions of Class C and Class D Common Stock, and sales of Class A Common Stock.
• The transactions were executed by TSG7 A Management LLC, Dutch Holdings LLC, TSG7 A AIV VI, L.P., TSG7 A AIV VI Holdings-A, L.P., and DG Coinvestor Blocker Aggregator, L.P.
• The sales of Class A Common Stock were executed at a price of $34.65 per share.
• The transactions also included conversions of Class D Common Stock into Class A Common Stock.
• The reporting persons disclaim beneficial ownership of the securities reported, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing transactions by major shareholders. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market regarding their transactions in the company's securities.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the U.S., ensuring transparency of insider transactions.
• Similar filings are made by insiders of companies like Starbucks (SBUX) and Dunkin' Brands (now part of Inspire Brands) to report changes in their ownership positions.

Key Dates