Every Form 4 that Dutch Bros Inc. (BROS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BROS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BROS filings page.
Dutch Bros Inc. director Gerard Johan Hart reported acquiring shares through an equity award. On February 20, 2026, he exercised 445 restricted stock units, which converted into 445 shares of Class A Common Stock at a price of $0.00 per share.
Following the transaction, he directly held 3,017 shares of Class A Common Stock and 444 restricted stock units. Each restricted stock unit represents a right to receive one Class A share. The reported RSU award vests in four 25% installments tied to dates in 2025 and 2026, including the issuer's 2026 annual stockholder meeting.
Dutch Bros Inc. director Todd Allan Penegor reported an equity award-related transaction. On February 20, 2026, he exercised or converted 445 Restricted Stock Units at a price of $0.00 per unit, acquiring 445 shares of Class A Common Stock.
Following the transaction, Penegor directly owned 444 Restricted Stock Units and 2,914 shares of Class A Common Stock. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock, with the award vesting in four 25% installments between August 20, 2025 and May 20, 2026 or the 2026 annual stockholder meeting.
Dutch Bros Inc. (BROS) reported insider stock sales by its executive chairman and 10% owner, Travis Boersma, through entities DM Trust Aggregator, LLC and DM Individual Aggregator, LLC. On November 24–25, 2025, these entities sold multiple blocks of Class A common stock in open-market transactions.
The reported sales include transactions such as 427,572 shares at a weighted average price of $55.2716 per share through DM Trust Aggregator, LLC and 268,897 shares at a weighted average price of $55.2716 per share through DM Individual Aggregator, LLC, alongside other sales at prices ranging from about $52.95 to $57.42. Following the reported trades, DM Trust Aggregator, LLC held 15,610 shares and DM Individual Aggregator, LLC held 9,817 shares of Class A common stock.
The filing notes that all of these transactions were executed automatically under pre-arranged Rule 10b5-1 trading plans adopted on November 22, 2024.
Dutch Bros Inc. (BROS) reported insider share sales by a director and 10% owner. The Form 4 shows multiple open-market sales of Class A common stock on 11/24/2025 and 11/25/2025, executed under an automatic Rule 10b5-1 trading plan adopted by DM Individual Aggregator, LLC on November 22, 2024. Reported transactions include, for example, 268,897 shares sold at a weighted average price of $55.2716 and 119,807 shares sold at a weighted average price of $57.4156, with each line representing multiple trades within stated price ranges. After these sales, the reporting person directly beneficially owns 9,817 shares of Dutch Bros Class A common stock.
Dutch Bros Inc. (BROS) insider reports automatic stock sales under a Rule 10b5-1 plan. A reporting person classified as a 10% owner filed a Form 4 for multiple sales of Class A common stock on November 24–25, 2025. The trades were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by DM Trust Aggregator, LLC on November 22, 2024.
The filing lists several sale transactions at weighted average prices ranging from $52.9467 to $57.4156 per share. After these sales, the reporting person directly beneficially owns 15,610 shares of Dutch Bros Class A common stock.
Dutch Bros Inc. director reports RSU vesting and share acquisition
A director of Dutch Bros Inc. (BROS) reported the vesting and settlement of restricted stock units into 445 shares of Class A common stock on 11/20/2025 at an exercise price of $0, using transaction code "M" for a derivative-to-equity conversion. Following this transaction, the director beneficially owns 2,572 shares of Class A common stock in direct ownership.
The filing also notes that the restricted stock unit award vests in four equal 25% installments on August 20, 2025, November 20, 2025, February 20, 2026, and the earlier of May 20, 2026 or the date of the company’s 2026 annual stockholder meeting, with each unit representing a contingent right to receive one share of Class A common stock.
Dutch Bros Inc. director reports RSU vesting and share acquisition. On 11/20/2025, the reporting person exercised 445 restricted stock units, receiving 445 shares of Class A common stock at a price of $0. After this transaction, the person beneficially owned 13,232 Class A shares directly.
The derivative table shows 889 restricted stock units remaining beneficially owned. The RSU award vests in four equal 25% installments: on August 20, 2025, November 20, 2025, February 20, 2026, and the final 25% on the earlier of May 20, 2026 or the company’s 2026 annual stockholder meeting.
Dutch Bros Inc. director equity transaction: A Dutch Bros Inc. (BROS) director reported acquiring 445 shares of Class A common stock on 11/20/2025 through the vesting and settlement of restricted stock units at an exercise price of $0. Following this transaction, the director beneficially owns 13,232 shares held directly.
The filing also notes an award of restricted stock units in which 25% of the units vest on each of August 20, 2025, November 20, 2025, and February 20, 2026, with the remaining 25% vesting on the earlier of May 20, 2026 or the date of Dutch Bros’ 2026 annual stockholder meeting. After the reported transaction, 889 restricted stock units remain beneficially owned directly.
Dutch Bros Inc. director equity transaction reported on Form 4
A Dutch Bros Inc. (BROS) director reported the vesting and settlement of restricted stock units into Class A common stock. On 11/20/2025, the reporting person acquired 445 shares of Class A common stock with a transaction code "M," reflecting the settlement of previously granted restricted stock units at a price of $0 per share. Following this transaction, the director beneficially owned 17,618 shares of Class A common stock in direct ownership.
The related derivative line shows restricted stock units covering 445 shares of Class A common stock being settled, leaving 889 restricted stock units beneficially owned directly. Each unit represents a contingent right to receive one share of Class A common stock. The award vests in four equal 25% installments on August 20, 2025, November 20, 2025, February 20, 2026, and the earlier of May 20, 2026 or the 2026 annual stockholder meeting.
Dutch Bros Inc. director reports routine equity award activity. A Dutch Bros Inc. (BROS) director reported the conversion of 445 restricted stock units into 445 shares of Class A common stock on 11/20/2025 at a price of $0 per share, a standard equity award vesting event rather than an open-market purchase. Following this transaction, the director beneficially owns 1,304 shares of Class A common stock directly and continues to hold 889 restricted stock units.
The disclosed award of restricted stock units vests in four equal 25% installments: on August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% on the earlier of May 20, 2026 or the date of the company’s 2026 annual stockholder meeting. This filing reflects ongoing director compensation in equity rather than a strategic change in ownership.
Dutch Bros Inc. (BROS) director reports RSU vesting and share acquisition. A board member reported a Form 4 transaction on 11/20/2025, showing the vesting of 445 restricted stock units (RSUs) into an equal number of Class A common shares at a price of $0 per share. Following this transaction, the reporting person beneficially owns 10,435 shares of Class A common stock directly and 889 RSUs that remain outstanding.
The RSUs were granted in an award where 25% vest on each of August 20, 2025, November 20, 2025, and February 20, 2026, with the remaining 25% vesting on the earlier of May 20, 2026 or the date of Dutch Bros' 2026 annual stockholder meeting. Each RSU represents a contingent right to receive one share of Class A common stock.
Dutch Bros Inc. director reports equity award activity. A Dutch Bros Inc. (BROS) director filed a Form 4 disclosing the conversion of 445 restricted stock units into an equal number of shares of Class A Common Stock on 11/20/2025 at a price of $0 per share. Following this transaction, the reporting person beneficially owns 2,469 shares of Class A Common Stock directly and 889 restricted stock units.
The restricted stock unit award is scheduled to vest in four parts: 25% on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% on the earlier of May 20, 2026 or the date of Dutch Bros’ 2026 annual stockholder meeting.
Dutch Bros Inc. (BROS) reported an insider equity transaction by director C. David Cone. On 11/20/2025, 445 restricted stock units (RSUs) were converted to 445 shares of Class A Common Stock at an exercise price of $0. Following this transaction, Cone directly beneficially owned 5,551 shares of Class A Common Stock.
The Form 4 also notes remaining derivative holdings of 889 RSUs. These RSUs vest in four tranches: 25% on August 20, 2025, 25% on November 20, 2025, 25% on February 20, 2026, and the final 25% on the earlier of May 20, 2026 or the date of the company’s 2026 annual stockholder meeting.
Dutch Bros (BROS) reported an insider transaction by its Chief Legal Officer on November 1, 2025. The officer settled 2,182 vested restricted stock units into Class A shares, then had 914 shares withheld at $55.54 for tax obligations. Following these transactions, the officer directly owned 14,743 Class A shares. The RSU award vested in two equal tranches on November 1, 2024 and November 1, 2025.