DM Individual Aggregator, LLC, a 10% stockholder of Dutch Bros, Inc., filed a Form 144 notice on November 3, 2026, disclosing a proposed sale of 137,060 shares of Dutch Bros common stock on NYSE under the ticker NYSE:BROS.

Key Highlights

  • Proposed sale: DM Individual Aggregator, LLC intends to sell 137,060 shares of Dutch Bros common stock, with an aggregate market value of $6,012,822.20.
  • Approximate sale date: The filing lists November 3, 2026 as the approximate date of sale, with Morgan Stanley Smith Barney LLC Executive Financial Services named as broker.
  • Original acquisition: The 137,060 shares were acquired on September 27, 2018, as Founders Shares from the issuer, with a payment date of September 27, 2018.
  • 10b5-1 plan: The notice indicates the seller is relying on a Rule 10b5-1 plan adopted on February 19, 2026.
  • Shares outstanding: According to the filing, 137,940,798 shares of Dutch Bros common stock were outstanding at the time of the notice.
  • Recent prior sales: During the three months preceding this notice, DM Individual Aggregator, LLC sold 547,876 shares in multiple 10b5-1 transactions, generating combined gross proceeds of $24,296,585.39.
  • Signed by: The notice was signed by Travis Mason Boersma.

DM Individual Aggregator's Proposed Dutch Bros Share Sale Under Rule 144

According to the Form 144 filing, DM Individual Aggregator, LLC, identified as a 10% stockholder of Dutch Bros, Inc. (NYSE:BROS), filed a notice of proposed sale of 137,060 shares of the company's common stock. The aggregate market value of the proposed sale is listed as $6,012,822.20. The filing names Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, as the broker through which the transaction is expected to occur.

The filing discloses that the shares to be sold were originally acquired on September 27, 2018, as Founders Shares from the issuer, Dutch Bros, Inc., whose address is listed as 1930 W. Rio Salado Pkwy, Tempe, Arizona 85281. The notice states that the seller is relying on a Rule 10b5-1 trading plan with an adoption date of February 19, 2026. Travis Mason Boersma signed the notice on November 3, 2026.

The filing also includes a summary of sales made during the prior three months by both DM Individual Aggregator, LLC and DM Trust Aggregator, LLC. For DM Individual Aggregator, LLC, those sales totaled 547,876 shares across four transactions dated October 20, October 29, October 30, and November 2, 2026, with combined gross proceeds of $24,296,585.39, all conducted as 10b5-1 sales. DM Trust Aggregator, LLC separately reported four transactions over the same dates totaling 1,026,140 shares with combined gross proceeds of $45,506,099.99.

What Was Disclosed

DM Individual Aggregator, LLC, a 10% stockholder of Dutch Bros, Inc., filed a Form 144 notice disclosing a proposed sale of 137,060 common shares valued at $6,012,822.20, under a 10b5-1 plan adopted February 19, 2026, with the approximate sale date of November 3, 2026.