Brian Maxwell - Mar 21, 2024 Form 4 Insider Report for Dutch Bros Inc. (BROS)

Signature
/s/ Joshua Lute, Attorney-in-Fact for Brian Maxwell
Stock symbol
BROS
Transactions as of
Mar 21, 2024
Transactions value $
-$1,265,233
Form type
4
Date filed
3/22/2024, 10:47 AM
Previous filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BROS Class A Common Stock Sale -$1.27M -36K -3.47% $35.12 1M Mar 21, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2023.
F2 The price reported is the weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.37, inclusive. The reporting person undertakes to provide to Dutch Bros Inc., any security holders of Dutch Bros Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.