Dutch Bros director gains 775 shares from RSU exercise
Dutch Bros Inc. (BROS) director Ann M. Miller reported an exercise and conversion of restricted stock units (RSUs) into Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Dutch Bros Inc. (BROS) director Ann M. Miller reported an exercise and conversion of restricted stock units (RSUs) into Class A common stock. On August 20, 2026, 775 RSUs were converted into 775 shares of Class A Common Stock at a stated price of $0.00 per share. Following the conversion, Miller held 2,324 RSUs and 12,099 shares of Class A Common Stock directly. Each RSU represents a contingent right to receive one share of Class A Common Stock. A related RSU award provides that 25% will vest on each of August 20, 2026, November 20, 2026, and February 20, 2027, with the remaining 25% vesting on the earlier of May 20, 2027, or the 2027 annual stockholder meeting.
Insider Trade Summary
775 shares exercised/converted
Exercise
2 txns
Insider
Miller Ann M
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 — 12,099 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
Restricted stock units converted: 775 units
Shares of Class A Common Stock acquired: 775 shares
Transaction price per share: $0.00 per share
+3 more
6 metrics
Restricted stock units converted
775 units
RSUs exercised and converted into Class A Common Stock on August 20, 2026
Shares of Class A Common Stock acquired
775 shares
Shares received from RSU conversion on August 20, 2026
Transaction price per share
$0.00 per share
Stated for the RSU exercise and share acquisition on August 20, 2026
RSUs held after transaction
2,324 units
Restricted stock units directly held by Ann M. Miller after the reported exercise
Class A Common Stock held after transaction
12,099 shares
Direct holdings of Dutch Bros Inc. Class A Common Stock after the RSU conversion
RSU vesting dates
August 20, 2026; November 20, 2026; February 20, 2027; earlier of May 20, 2027 or 2027 annual meeting
Schedule for vesting of a restricted stock unit award to Ann M. Miller
Key Terms
Restricted Stock Units, Class A Common Stock, contingent right to receive, vest, +1 more
5 terms
Restricted Stock Units financial
"The reporting person received an award of restricted stock units, 25% of which"
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
"Each restricted stock unit represents a contingent right to receive one share"
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 to receive financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
annual stockholder meeting regulatory
"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."
An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Ann M. Miller report for Dutch Bros Inc. (BROS)?
Ann M. Miller reported exercising 775 restricted stock units into 775 shares of Class A Common Stock on August 20, 2026. The transaction was reported at a stated price of $0.00 per share as an exercise or conversion of a derivative security.
What are the vesting terms of Ann M. Miller’s Dutch Bros (BROS) restricted stock units?
The filing states that a restricted stock unit award to Ann M. Miller will vest 25% on August 20, 2026, 25% on November 20, 2026, 25% on February 20, 2027, and the remaining 25% on the earlier of May 20, 2027 or the 2027 annual stockholder meeting.
Did Dutch Bros (BROS) receive cash from Ann M. Miller’s RSU conversion?
The reported exercise of 775 restricted stock units into 775 shares of Class A Common Stock shows a stated transaction price of $0.00 per share. The disclosure does not describe any cash proceeds in connection with this RSU conversion.
Is Ann M. Miller a director or officer of Dutch Bros Inc. (BROS) in this Form 4?
Ann M. Miller is identified in the Form 4 as a director of Dutch Bros Inc. She is not reported as an officer or a ten percent owner in this filing.
What does each Dutch Bros (BROS) restricted stock unit held by Ann M. Miller represent?
Each restricted stock unit held by Ann M. Miller represents a contingent right to receive one share of Dutch Bros Inc. Class A Common Stock, as stated in the footnotes to the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
