Dutch Bros (NYSE: BROS) CFO logs RSU grant and tax share disposals

Rhea-AI Filing Summary

Dutch Bros Inc. Chief Financial Officer Joshua J. Guenser reported multiple equity compensation transactions in the form of restricted stock units (RSUs) and related share settlements. He received a grant of 12,590 RSUs on Class A Common Stock, which will vest in three equal installments on February 20, 2027, 2028, and 2029. He also acquired 11,403 and 11,403 RSUs through exercises or conversions, and corresponding 11,403-share and 11,403-share acquisitions of Class A Common Stock. To cover tax liabilities on these vesting events, 4,631 shares and 4,773 shares of Class A Common Stock were disposed of at $53.61 per share, with all holdings reported as directly owned.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Guenser Joshua J

(Last) (First) (Middle)

C/O DUTCH BROS INC.

1930 W RIO SALADO PKWY

(Street)

TEMPE AZ 85281

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Dutch Bros Inc. [ BROS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/01/2026		M		11,403	A	$0	28,261	D
Class A Common Stock	03/01/2026		F		4,631	D	$53.61	23,630	D
Class A Common Stock	03/01/2026		M		11,403	A	$0	35,033	D
Class A Common Stock	03/01/2026		F		4,773	D	$53.61	30,260	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/01/2026		A		12,590		(2)	(2)	Class A Common Stock	12,590	$0	12,590	D
Restricted Stock Units	(1)	03/01/2026		M			11,403	(3)	(3)	Class A Common Stock	11,403	$0	11,403	D
Restricted Stock Units	(1)	03/01/2026		M			11,403	(4)	(4)	Class A Common Stock	11,403	$0	11,403	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.

2. The reporting person received an award of restricted stock units, 33.33% of which will vest on each of February 20, 2027, February 20, 2028, and February 20, 2029.

3. On March 1, 2024, the reporting person received an award of 34,209 restricted stock units, 33.33% of which will vest on each of March 1, 2025, March 1, 2026, and March 1, 2027.

4. On March 1, 2024, the reporting person received an award of 34,209 restricted stock units, 33.33% of which will vest on each of March 1, 2025, March 1, 2026, March 1, 2027.

Remarks:

	/s/ Betsy Judd, Attorney-in-Fact for Joshua Guenser	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What equity transactions did the Dutch Bros (BROS) CFO report on this Form 4?

The CFO reported multiple RSU and share transactions, including a grant of 12,590 restricted stock units and several RSU exercises converting into Class A Common Stock, plus share dispositions to cover associated tax obligations at a reported price of $53.61 per share.

How many restricted stock units were granted to the Dutch Bros (BROS) CFO?

The CFO received a grant of 12,590 restricted stock units, each representing a contingent right to one share of Class A Common Stock. This award is part of his equity compensation and vests over time according to a defined schedule.

What is the vesting schedule for the new RSU grant at Dutch Bros (BROS)?

The new RSU grant to the CFO will vest in three equal installments. Specifically, 33.33% of the 12,590 restricted stock units vest on each of February 20, 2027, February 20, 2028, and February 20, 2029, subject to continued service terms.

Were any Dutch Bros (BROS) shares disposed of to cover taxes in this filing?

Yes. The CFO reported two tax-withholding dispositions of Class A Common Stock: 4,631 shares and 4,773 shares. These were used to satisfy tax liabilities at a reported transaction price of $53.61 per share.

What types of securities are involved in the Dutch Bros (BROS) CFO’s Form 4 transactions?

The Form 4 includes restricted stock units and Class A Common Stock. RSUs are derivative awards that convert into shares upon vesting, while the non-derivative entries show the resulting common stock and related tax-withholding share dispositions.

Does the Dutch Bros (BROS) CFO hold these shares directly or indirectly?

All reported holdings are listed as directly owned by the CFO. The transactions show ownership type and code as direct, with no indication of separate entities or trusts holding voting or investment power in the disclosed positions.