Dutch Bros holder converts 3.45M units to shares
DM Individual Aggregator, LLC, a 10% owner of Dutch Bros Inc., reported a conversion of derivative securities into common stock.
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Form Type
4
Rhea-AI Filing Summary
DM Individual Aggregator, LLC, a 10% owner of Dutch Bros Inc., reported a conversion of derivative securities into common stock. The entity converted 3,445,200 shares of Class A Common Units of Dutch Mafia, LLC into the same number of Class A Common Stock shares.
After the conversion, DM Individual Aggregator, LLC directly holds 3,455,017 shares of Class A Common Stock and 14,871,616 Class A Common Units of Dutch Mafia. The units are exchangeable for Class A Common Stock on a one-for-one basis without an exercise price and have no expiration date.
Insider Trade Summary
3,445,200 shares exercised/converted
Exercise
2 txns
Insider
DM Individual Aggregator, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Units | 3,445,200 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 3,445,200 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Units — 14,871,616 contracts (Direct);
Class A Common Stock — 3,455,017 shares (Direct)
Footnotes (2)
- F1. In accordance with the amended and restated limited liability company agreement of Dutch Mafia, LLC ("Dutch Mafia"), Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. The Class A Common Units of Dutch Mafia do not have an expiration date, and the holders thereof are not required to pay an exercise price in connection with the exchanges.
- F2. Represents Class A Common Units of Dutch Mafia, the operating company of the Issuer.
Key Figures
Shares converted: 3,445,200 shares
Class A shares after transaction: 3,455,017 shares
Class A Common Units after transaction: 14,871,616 units
+1 more
4 metrics
Shares converted
3,445,200 shares
Class A Common Units converted into Class A Common Stock on April 27, 2026
Class A shares after transaction
3,455,017 shares
Direct holdings of Class A Common Stock following conversion
Class A Common Units after transaction
14,871,616 units
Dutch Mafia Class A Common Units held after reported conversion
Exchange ratio
1 unit : 1 share
Class A Common Units exchangeable into Class A Common Stock
Key Terms
Class A Common Units, derivative conversion, Dutch Mafia, LLC, Class A Common Stock, +1 more
5 terms
Class A Common Units financial
"Represents Class A Common Units of Dutch Mafia, the operating company of the Issuer."
derivative conversion financial
"transaction_action": "derivative conversion""
Dutch Mafia, LLC financial
"In accordance with the amended and restated limited liability company agreement of Dutch Mafia, LLC ("Dutch Mafia"),"
Class A Common Stock financial
"Class A Common Units of Dutch Mafia are exchangeable for shares of Class A Common Stock of the Issuer"
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.
limited liability company agreement financial
"In accordance with the amended and restated limited liability company agreement of Dutch Mafia, LLC"
A limited liability company agreement is the legal contract that lays out who owns a limited liability company, how it is run, how profits and losses are shared, and the rules for major decisions, transfers and exits. For investors it functions like an operating manual or roadmap: it determines control rights, payout priority, dispute resolution and protections against personal liability, so it directly affects risk, governance and how and when investors can realize returns.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DM Individual Aggregator, LLC do in this Dutch Bros (BROS) Form 4?
DM Individual Aggregator, LLC converted 3,445,200 Class A Common Units of Dutch Mafia into 3,445,200 shares of Dutch Bros Class A Common Stock. This is reported as a derivative conversion, not an open-market purchase or sale.
What are Dutch Mafia Class A Common Units in relation to Dutch Bros (BROS)?
Dutch Mafia Class A Common Units represent interests in Dutch Mafia, LLC, the operating company of Dutch Bros. These units are exchangeable for Dutch Bros Class A Common Stock on a one-for-one basis, subject to specified exceptions, conditions, and adjustments.
Do Dutch Mafia Class A Common Units have an expiration date or exercise price?
According to the filing, Dutch Mafia Class A Common Units have no expiration date, and holders are not required to pay an exercise price when exchanging them for Dutch Bros Class A Common Stock. The exchange occurs on a one-for-one basis under the LLC agreement.
How many Dutch Mafia Class A Common Units remain after this Dutch Bros (BROS) Form 4 event?
Following the reported conversion, DM Individual Aggregator, LLC holds 14,871,616 Dutch Mafia Class A Common Units. These units remain exchangeable into Dutch Bros Class A Common Stock under the terms described in the Dutch Mafia LLC agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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