BROS Form 144: 488,945 Founders Shares Notice

BROS — Form 144 filing for proposed resale of 488,945 shares of Common Stock.

Rhea-AI Filing Summary

BROS — Form 144 filing for proposed resale of 488,945 shares of Common Stock. The notice lists prior 10b5-1 sales by related entities across late May and early June 2026, including individual sale lots such as 291,607 shares on 06/01/2026 and 197,338 shares on 05/29/2026. The filing names Morgan Stanley Smith Barney LLC as a broker-dealer and identifies the securities as Founders Shares.

Insights

Securities Counsel

Form 144 notifies the SEC of an intended resale of 488,945 Common shares.

The filing is a regulatory notice required when restricted or control securities are to be sold; it lists the broker-dealer and the class as Founders Shares. The document records several executed 10b5-1 sale tranches by two related aggregator entities in late May–early June 2026.

The practical effect is procedural: proceeds recipients and exact transfer timing depend on the selling holders and broker processes. Subsequent filing activity may disclose final settlement details.

Key Figures

Registered/offered amount: 488,945 shares 10b5-1 sale example: 291,607 shares Proceeds for example lot: $16,988,907.18 +2 more

5 metrics

Registered/offered amount 488,945 shares Form 144 securities to be sold

10b5-1 sale example 291,607 shares Sale dated <date>06/01/2026 by DM TRUST AGGREGATOR, LLC

Proceeds for example lot $16,988,907.18 Aggregate proceeds reported for 291,607 shares on <date>06/01/2026

10b5-1 sale example 197,338 shares Sale dated <date>05/29/2026 by DM TRUST AGGREGATOR, LLC

Proceeds for example lot $11,499,201.00 Aggregate proceeds reported for 197,338 shares on <date>05/29/2026

Key Terms

Form 144, 10b5-1, Founders Shares

3 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

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.

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.

Founders Shares market

"Common | 09/27/2018 | 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 does the Form 144 for BROS report?

It reports a proposed resale of 488,945 shares of Common Stock. The filing also lists multiple prior 10b5-1 sale tranches by related aggregator entities in late May and early June 2026.

Who is listed as the broker‑dealer on the BROS Form 144?

The filing lists Morgan Stanley Smith Barney LLC as the broker‑dealer. The broker‑dealer address and exchange designation NYSE are included in the filer information section.

Which entities executed prior 10b5‑1 sales shown in the filing?

The excerpt shows 10b5‑1 sales by DM TRUST AGGREGATOR, LLC and DM INDIVIDUAL AGGREGATOR, LLC. Multiple dated sale lots and corresponding proceeds are listed for late May–early June 2026.

Does the Form 144 state proceeds or price per share?

The filing lists aggregate proceeds for individual sale lots (e.g., $16,988,907.18 for 291,607 shares). Per‑share prices are not explicitly stated as single-line prices in the provided excerpt.

Are the shares described as a specific class on the filing?

Yes; the securities are identified as Founders Shares and labeled as Common Stock in the excerpt. That classification appears in the securities information section.

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

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Accepted by SEC EDGAR 06/10/2026 - 04:26 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	488945	28256131.55	137192622	06/10/2026	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			488945	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	06/01/2026	291607	16988907.18
10b5-1 Sales for DM INDIVIDUAL AGGREGATOR, LLC 1930 W. Rio Salado Pkwy Tempe AZ 85281	Common	06/01/2026	155692	9070553.64
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	06/10/2026
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)