Dutch Bros director acquires 775 shares via RSUs
Dutch Bros Inc. (BROS) director Stephen Gillett reported the conversion of 775 Restricted Stock Units into 775 shares of Class A Common Stock on August 20, 2026.
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Form Type
4
Rhea-AI Filing Summary
Dutch Bros Inc. (BROS) director Stephen Gillett reported the conversion of 775 Restricted Stock Units into 775 shares of Class A Common Stock on August 20, 2026. The RSU exercise price was $0.00 per share. Following these transactions, he holds 2,324 RSUs and 19,282 Class A shares, all directly. The RSUs vest in four 25% installments between August 20, 2026 and the earlier of May 20, 2027 or the 2027 annual stockholder meeting.
Insider Trade Summary
775 shares exercised/converted
Exercise
2 txns
Insider
Gillett Stephen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 775 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 775 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,324 contracts (Direct);
Class A Common Stock — 19,282 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% will vest on the earlier of (i) May 20, 2027, and (ii) the date of the Issuer's 2027 annual stockholder meeting.
Key Figures
RSUs converted: 775 Restricted Stock Units
Shares acquired: 775 shares of Class A Common Stock
RSUs held after transaction: 2,324 Restricted Stock Units
+3 more
6 metrics
RSUs converted
775 Restricted Stock Units
Converted into Class A Common Stock on August 20, 2026
Shares acquired
775 shares of Class A Common Stock
Received upon RSU conversion on August 20, 2026
RSUs held after transaction
2,324 Restricted Stock Units
Direct holdings following the reported RSU conversion
Class A shares held after transaction
19,282 shares
Direct holdings following the reported RSU conversion
RSU exercise price
$0.00 per share
Price for RSU conversion into Class A Common Stock
Vesting tranches
4 tranches of 25% each
RSU vesting on Aug 20, 2026; Nov 20, 2026; Feb 20, 2027; and earlier of May 20, 2027 or 2027 meeting
Key Terms
Restricted Stock Units, Class A Common Stock, contingent right, vest
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"to receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
contingent right financial
"represents a contingent right to receive one share of the Issuer's"
vest financial
"25% of which will vest on each of August 20, 2026, November 20, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Dutch Bros (BROS) director Stephen Gillett report in this Form 4?
He reported the conversion of 775 Restricted Stock Units into 775 shares of Class A Common Stock on August 20, 2026 at $0.00 per share, adjusting his derivative and share holdings accordingly.
How many Dutch Bros (BROS) RSUs did Stephen Gillett exercise and what remains?
Stephen Gillett exercised 775 Restricted Stock Units, reducing his RSU position to 2,324 RSUs reported as directly held after the transaction.
What is the vesting schedule for Stephen Gillett’s Dutch Bros (BROS) RSU award?
The RSU award vests in four 25% installments on August 20, 2026, November 20, 2026, February 20, 2027, and the remaining 25% on the earlier of May 20, 2027 or the 2027 annual stockholder meeting date.
Was Stephen Gillett’s Dutch Bros (BROS) Form 4 trade under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), so the reported transactions are not affirmed as being made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
