Dutch Bros Inc. — Insider Transactions
Form 4 filings by directors, officers, and 10%+ shareholders
SEC rules require corporate insiders — including directors, executive officers, and any shareholder owning more than 10% of a company's shares — to report changes in their ownership within two business days of a transaction. These disclosures are filed as Form 4. Open-market purchases (code P) are generally considered the most meaningful signal, as insiders are spending their own money.
| Insider | Title | Type | Shares | Price | Value | Owns After | Date |
|---|---|---|---|---|---|---|---|
| DM Trust Aggregator, LLC | — | Sale | 261,767 | $54.58 | $14,287,243 | 694,036 | Nov 25, 2025 |
| Boersma Travis | Executive Chairman of Board | Sale | 14,268 | $54.83 | $782,314 | 657,906 | Nov 24, 2025 |
| DM Individual Aggregator, LLC | — | Sale | 56,808 | $53.74 | $3,052,862 | 601,098 | Nov 24, 2025 |
| Hart Gerard Johan | — | Option Exercise | 445 | — | — | 2,572 | Nov 20, 2025 |
| Davis Thomas James | — | Option Exercise | 445 | — | — | 13,232 | Nov 20, 2025 |
| George Kathryn | — | Option Exercise | 445 | — | — | 13,232 | Nov 20, 2025 |
| Gillett Stephen | — | Option Exercise | 445 | — | — | 17,618 | Nov 20, 2025 |
| MARCHISOTTO KORY | — | Option Exercise | 445 | — | — | 1,304 | Nov 20, 2025 |
| Miller Ann M | — | Option Exercise | 445 | — | — | 10,435 | Nov 20, 2025 |
| Penegor Todd Allan | — | Option Exercise | 445 | — | — | 2,469 | Nov 20, 2025 |
| Cone C. David | — | Option Exercise | 445 | — | — | 5,551 | Nov 20, 2025 |
| Tullett Victoria J | Chief Legal Officer | Tax Withholding | 914 | $55.54 | $50,764 | 14,743 | Nov 1, 2025 |
| Boersma Travis | Executive Chairman of Board | Sale | 250,113 | $69.59 | $17,405,364 | 1,550,396 | Aug 25, 2025 |
| DM Individual Aggregator, LLC | — | Sale | 157,294 | $69.59 | $10,946,089 | 975,031 | Aug 25, 2025 |
| DM Trust Aggregator, LLC | — | Sale | 174,916 | $68.39 | $11,962,505 | 1,800,509 | Aug 25, 2025 |
| DM Individual Aggregator, LLC | — | Sale | 357,046 | $65.36 | $23,336,527 | 1,279,144 | Aug 22, 2025 |
| DM Trust Aggregator, LLC | — | Sale | 211,023 | $63.01 | $13,296,559 | 2,874,159 | Aug 22, 2025 |
| Boersma Travis | Executive Chairman of Board | Sale | 45,640 | $63.23 | $2,885,817 | 1,761,894 | Aug 22, 2025 |
| Cone C. David | — | Option Exercise | 445 | — | — | 5,106 | Aug 20, 2025 |
| Penegor Todd Allan | — | Option Exercise | 445 | — | — | 2,024 | Aug 20, 2025 |
| Miller Ann M | — | Option Exercise | 445 | — | — | 9,990 | Aug 20, 2025 |
| MARCHISOTTO KORY | — | Option Exercise | 445 | — | — | 859 | Aug 20, 2025 |
| Davis Thomas James | — | Option Exercise | 445 | — | — | 12,787 | Aug 20, 2025 |
| George Kathryn | — | Option Exercise | 445 | — | — | 12,787 | Aug 20, 2025 |
| Hart Gerard Johan | — | Option Exercise | 445 | — | — | 2,127 | Aug 20, 2025 |
| Gillett Stephen | — | Option Exercise | 445 | — | — | 17,173 | Aug 20, 2025 |
| DAVILA TANA | Chief Marketing Officer | Tax Withholding | 3,678 | $67.10 | $246,794 | 9,160 | Jul 1, 2025 |
| DM Individual Aggregator, LLC | — | Sale | 11,786 | $67.23 | $792,373 | 1,992,878 | May 22, 2025 |
| DM Trust Aggregator, LLC | — | Sale | 186,264 | $68.27 | $12,716,243 | 3,085,182 | May 22, 2025 |
| Boersma Travis | Executive Chairman of Board | Sale | 62,768 | $67.00 | $4,205,456 | 3,648,769 | May 21, 2025 |
| Boersma Travis | Executive Chairman of Board | Sale | 1,280 | $71.25 | $91,200 | 2,218,611 | May 20, 2025 |
| DM Individual Aggregator, LLC | — | Sale | 1,280 | $71.25 | $91,200 | 2,218,611 | May 20, 2025 |
| DM Trust Aggregator, LLC | — | Sale | 4,532 | $71.25 | $322,905 | 4,070,295 | May 20, 2025 |
| Miller Ann M | — | Option Exercise | 763 | — | — | 9,545 | May 13, 2025 |
| Hart Gerard Johan | — | Option Exercise | 1,682 | — | — | 1,682 | May 13, 2025 |
| MARCHISOTTO KORY | — | Option Exercise | 414 | — | — | 414 | May 13, 2025 |
| Penegor Todd Allan | — | Option Exercise | 1,579 | — | — | 1,579 | May 13, 2025 |
| George Kathryn | — | Option Exercise | 763 | — | — | 12,342 | May 13, 2025 |
| Gillett Stephen | — | Option Exercise | 763 | — | — | 16,728 | May 13, 2025 |
| Cone C. David | — | Option Exercise | 763 | — | — | 4,661 | May 13, 2025 |
| Davis Thomas James | — | Option Exercise | 763 | — | — | 12,342 | May 13, 2025 |
| DM Trust Aggregator, LLC | — | C | 1,074,350 | — | — | 4,619,968 | Apr 28, 2025 |
| DM Individual Aggregator, LLC | — | C | 675,650 | — | — | 2,905,459 | Apr 28, 2025 |
| Boersma Travis | Executive Chairman of Board | C | 675,650 | — | — | 2,905,459 | Apr 28, 2025 |
| Miller Ann M | — | Option Exercise | 762 | — | — | 8,782 | Mar 31, 2025 |
| Gillett Stephen | — | Option Exercise | 762 | — | — | 15,965 | Mar 31, 2025 |
| George Kathryn | — | Option Exercise | 762 | — | — | 11,579 | Mar 31, 2025 |
| Davis Thomas James | — | Option Exercise | 762 | — | — | 11,579 | Mar 31, 2025 |
| Cone C. David | — | Option Exercise | 762 | — | — | 3,898 | Mar 31, 2025 |
| Tullett Victoria J | Chief Legal Officer | Tax Withholding | 1,953 | $79.16 | $154,599 | 13,475 | Mar 1, 2025 |