Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Apr 27, 2026
Reporting period
Not applicable
Filed with the SEC
Apr 29, 2026
ChairIndirect holdingOption exercise
Context
Classification
option exercise
Code C — exercise or conversion of a derivative security
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001866581-26-000071
Filed / recorded
Apr 29, 2026, 11:17 PM UTC
Added to OQRO
Oct 6, 2026, 4:40 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
Dutch Bros Inc.
Issuer CIK
1866581
Ticker
BROS
Reporting person
Travis Boersma
Relationship
Director, Officer, 10% owner
Officer title
Executive Chairman of Board
Security
Class A Common Units
Table
Derivative (Table II)
Transaction date
Apr 27, 2026
Transaction code
C
Shares / units
6,454,800
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
22,670,760
Ownership form
Indirect — By DM Trust Aggregator, LLC
Amendment
No
Footnotes from the filing
Represents Class A Common Units of Dutch Mafia, the operating company of the Issuer.
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.
The Reporting Person is the manager of DM Trust Aggregator, LLC, DM Individual Aggregator, LLC and DMI Holdco LLC (the "DM Trusts"). Multiple members hold ownership interests in the DM Trusts, including the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, if any, and the inclusion of the reported securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or any other purpose.