Aggregators Report 10b5-1 Sales of BROS Stock

BROS-related holders reported planned sales of common stock under 10b5-1 plans.

Rhea-AI Filing Summary

BROS-related holders reported planned sales of common stock under 10b5-1 plans. The excerpt lists multiple Form 144 sale entries dated 05/27/2026 and 05/28/2026, showing transfers by DM TRUST AGGREGATOR, LLC and DM INDIVIDUAL AGGREGATOR, LLC. Reported share quantities include 355,217, 133,728, 189,655, and 71,399 shares, with associated proceeds disclosed in dollars for each line item.

Insights

Corporate Governance Specialist

Multiple 10b5-1 dispositions by affiliated entities were reported on Form 144.

The filing lists scheduled sales executed under 10b5-1 trading plans by DM TRUST AGGREGATOR, LLC and DM INDIVIDUAL AGGREGATOR, LLC on 05/27/2026 and 05/28/2026. Each row shows share counts and dollar proceeds for those transactions.

These entries are transactional disclosures of sales; timing and the fact they were pursuant to 10b5-1 plans are the key governance signals. Subsequent filings may show additional dispositions or confirm plan terms.

Key Figures

Shares sold (largest line): 355,217 shares Proceeds (largest line): $19,966,818.61 Other shares sold: 133,728 shares +2 more

5 metrics

Shares sold (largest line) 355,217 shares sale dated 05/27/2026 by DM TRUST AGGREGATOR, LLC

Proceeds (largest line) $19,966,818.61 proceeds reported for 355,217-share sale on 05/27/2026

Other shares sold 133,728 shares sale dated 05/28/2026 by DM TRUST AGGREGATOR, LLC

Other shares sold 189,655 shares sale dated 05/27/2026 by DM INDIVIDUAL AGGREGATOR, LLC

Other shares sold 71,399 shares sale dated 05/28/2026 by DM INDIVIDUAL AGGREGATOR, LLC

Key Terms

10b5-1, Form 144, Founders Shares

3 terms

10b5-1 regulatory

"10b5-1 Sales for DM TRUST AGGREGATOR, LLC"

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.

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Founders Shares financial

"Common | 09/28/2017 | Founders Shares"

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.

FAQ

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

What sales does the Form 144 excerpt for BROS show?

The excerpt shows 10b5-1 sales by DM TRUST AGGREGATOR, LLC and DM INDIVIDUAL AGGREGATOR, LLC. Transactions dated 05/27/2026 and 05/28/2026 list share amounts of 355,217, 133,728, 189,655, and 71,399.

Were the sales executed under a trading plan?

Yes. Each line identifies the transactions as 10b5-1 Sales. The entries explicitly label the trades as governed by 10b5-1 plans for the named aggregator entities, with dates and per-line proceeds shown in dollars.

Which entities sold shares according to this filing?

The filing lists two sellers: DM TRUST AGGREGATOR, LLC and DM INDIVIDUAL AGGREGATOR, LLC. Both entities have multiple dated entries showing share quantities and associated dollar proceeds on 05/27/2026 and 05/28/2026.

What dollar proceeds are reported for the largest sale line?

The largest single-line entry shown is 355,217 shares on 05/27/2026, with proceeds reported as $19,966,818.61 in the excerpt for that row.

Does the excerpt state who receives the proceeds?

The excerpt lists dollar proceeds per sale line but does not assign who receives the cash beyond the named selling entities. The rows show proceeds amounts tied to each listed transaction by the aggregator entities.

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

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Accepted by SEC EDGAR 05/29/2026 - 04:28 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	0001883105
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 TRUST 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	197338	11161437.28	137192622	05/29/2026	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	09/28/2017	Founders Shares	Issuer			197338	09/28/2017	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	05/28/2026	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	05/29/2026
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)