Travis Boersma, Executive Chairman of the Board and a 10% owner of Dutch Bros Inc., filed a Form 4 on October 30, 2026, reporting the sale of a combined 57,478 shares of Class A Common Stock through two affiliated entities under pre-established Rule 10b5-1 trading plans.

Key Highlights

  • Two sales reported: 37,470 shares disposed of through DM Trust Aggregator, LLC and 20,008 shares disposed of through DM Individual Aggregator, LLC, both on October 30, 2026.
  • Weighted average price: Both transactions carried a weighted average sale price of $44.0884 per share, with individual trades ranging from $44.0000 to $44.5500 inclusive, according to the filing.
  • 10b5-1 plans: Both sales were effected automatically pursuant to Rule 10b5-1 trading plans adopted by the respective entities on February 19, 2026.
  • Remaining indirect holdings: Following the transactions, Boersma indirectly held 4,116,182 shares through DM Trust Aggregator, LLC and 2,198,060 shares through DM Individual Aggregator, LLC.
  • Disclaimer of full beneficial ownership: The filing states Boersma "disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, if any."
  • Issuer: Dutch Bros Inc. is listed as NYSE:BROS on the filing cover.

Boersma's October 30 Share Sales Through DM Trust Entities

According to the Form 4 filed with the SEC, Travis Boersma - identified as Executive Chairman of the Board, a director, an officer, and a 10% owner of Dutch Bros Inc. (NYSE:BROS) - disposed of shares indirectly through two entities he manages. The first transaction involved 37,470 shares of Class A Common Stock sold through DM Trust Aggregator, LLC at a weighted average price of $44.0884. The second involved 20,008 shares sold through DM Individual Aggregator, LLC at the same weighted average price. Both transactions occurred on October 30, 2026.

The filing discloses that both sales were executed automatically under separate Rule 10b5-1 trading plans. The plan for DM Trust Aggregator, LLC and the plan for DM Individual Aggregator, LLC were each adopted on February 19, 2026. Individual sale prices across both transactions fell within the range of $44.0000 to $44.5500, and the filing notes that full price-by-price detail is available upon request to the issuer, any security holder, or SEC staff.

Boersma is described in the filing as the manager of both DM Trust Aggregator, LLC and DM Individual Aggregator, LLC, collectively referred to as the "DM Trusts," with multiple members holding ownership interests in those entities. Following the reported transactions, indirect beneficial ownership stood at 4,116,182 shares through DM Trust Aggregator, LLC and 2,198,060 shares through DM Individual Aggregator, LLC. The filing was signed by Thomas P. Conaghan as Attorney-in-Fact for Travis Boersma.

What Was Disclosed

Travis Boersma reported two sales of Dutch Bros Class A Common Stock totaling 57,478 shares on October 30, 2026, both executed through managed entities under Rule 10b5-1 plans adopted February 19, 2026, at a weighted average price of $44.0884 per share.