Aggregator entities report Rule 144/10b5-1 stock sales

DM TRUST AGGREGATOR, LLC and DM INDIVIDUAL AGGREGATOR, LLC reported proposed sales of Common Stock under Rule 144/10b5-1.

Rhea-AI Filing Summary

DM TRUST AGGREGATOR, LLC and DM INDIVIDUAL AGGREGATOR, LLC reported proposed sales of Common Stock under Rule 144/10b5-1. The filing lists multiple 10b5-1 sale entries on 05/27/2026, 05/28/2026, and 05/29/2026, showing individual lot sizes and proceeds.

The excerpt includes examples of selling holders and lot details, including DM TRUST AGGREGATOR (355,217 shares on 05/27/2026) and DM INDIVIDUAL AGGREGATOR (189,655 shares on 05/27/2026). The broker listed is Morgan Stanley Smith Barney LLC.

Insights

Securities Compliance Analyst

Routine Rule 144/10b5-1 sale notices by aggregator entities; procedural disclosure.

The filing documents multiple 10b5-1 execution lots by two affiliated aggregator entities across 05/27/2026–05/29/2026. Each row lists shares sold and gross proceeds; these are orderly disclosures of planned dispositions.

Cash‑flow treatment is linked to the selling holders; the broker is Morgan Stanley Smith Barney LLC. Subsequent filings would show final transfer settlement details if provided.

Key Figures

Lot — DM TRUST AGGREGATOR: 355,217 shares Proceeds — DM TRUST AGGREGATOR: $19,966,818.61 Lot — DM INDIVIDUAL AGGREGATOR: 189,655 shares +2 more

5 metrics

Lot — DM TRUST AGGREGATOR 355,217 shares sale dated 05/27/2026

Proceeds — DM TRUST AGGREGATOR $19,966,818.61 gross proceeds for 05/27/2026 lot

Lot — DM INDIVIDUAL AGGREGATOR 189,655 shares sale dated 05/27/2026

Proceeds — DM INDIVIDUAL AGGREGATOR $10,660,545.48 gross proceeds for 05/27/2026 lot

Lot — DM TRUST AGGREGATOR 197,338 shares sale dated 05/29/2026

Key Terms

10b5-1, Rule 144, Founders Shares, Broker-dealer

4 terms

10b5-1 regulatory

"10b5-1 Sales for DM TRUST AGGREGATOR, LLC 1930 W. Rio Salado Pkwy"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Rule 144 regulatory

"Filer Information | Securities To Be Sold | Founders Shares"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Founders Shares financial

"Common | 09/27/2018 | Founders Shares | Issuer"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

Broker-dealer market

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the Form 144 filing for BROS disclose?

It discloses proposed sales of common stock by two aggregator entities under Rule 144/10b5-1. The filing lists multiple sale lots dated 05/27/2026–05/29/2026, with per-lot share counts and gross proceeds reported.

Who are the selling holders named in the BROS excerpt?

The excerpt names DM TRUST AGGREGATOR, LLC and DM INDIVIDUAL AGGREGATOR, LLC as sellers. The broker shown is Morgan Stanley Smith Barney LLC, with specific lot details for each entity included in the table.

How many shares were sold by DM TRUST AGGREGATOR on 05/27/2026?

The excerpt shows DM TRUST AGGREGATOR sold 355,217 shares on 05/27/2026. The same row reports gross proceeds of $19,966,818.61 for that lot as disclosed in the filing.

Were the sales executed under a trading plan?

Yes. The sales are labeled as 10b5-1 Sales, indicating execution pursuant to pre-arranged trading plans. Each lot entry in the excerpt is identified with that descriptor and the selling entity.

Does this Form 144 report aggregate totals for all sales?

The excerpt lists individual sale lots with shares and proceeds per date rather than an aggregate total. The filing provides per-lot figures; it does not present a summed aggregate in the provided excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/01/2026 - 04:34 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001883096
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	DUTCH BROS, INC.
SEC File Number	001-40798
Address of Issuer	1930 W. Rio Salado Pkwy Tempe ARIZONA 85281
Phone	8778992767
Name of Person for Whose Account the Securities are To Be Sold	DM INDIVIDUAL AGGREGATOR, LLC
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	155692	9030136.00	137192622	06/01/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/27/2018	Founders Shares	Issuer			155692	09/27/2018	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for DM TRUST AGGREGATOR, LLC 1930 W. Rio Salado Pkwy Tempe AZ 85281	Common	05/29/2026	197338	11499201.00
10b5-1 Sales for DM INDIVIDUAL AGGREGATOR, LLC 1930 W. Rio Salado Pkwy Tempe AZ 85281	Common	05/29/2026	105362	6139612.32
10b5-1 Sales for DM TRUST AGGREGATOR, LLC 1930 W. Rio Salado Pkwy Tempe AZ 85281	Common	05/28/2026	133728	7509696.43
10b5-1 Sales for DM INDIVIDUAL AGGREGATOR, LLC 1930 W. Rio Salado Pkwy Tempe AZ 85281	Common	05/28/2026	71399	4009517.94
10b5-1 Sales for DM TRUST AGGREGATOR, LLC 1930 W. Rio Salado Pkwy Tempe AZ 85281	Common	05/27/2026	355217	19966818.61
10b5-1 Sales for DM INDIVIDUAL AGGREGATOR, LLC 1930 W. Rio Salado Pkwy Tempe AZ 85281	Common	05/27/2026	189655	10660545.48

144: Remarks and Signature

Remarks
Date of Notice	06/01/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	02/19/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Travis Mason Boersma
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)