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
Nov 20, 2025
Reporting period
Not applicable
Filed with the SEC
Nov 21, 2025
DirectorOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001866581-25-000248
Filed / recorded
Nov 21, 2025, 11:32 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
Gerard Johan Hart
Relationship
Director
Security
Restricted Stock Units
Table
Derivative (Table II)
Transaction date
Nov 20, 2025
Transaction code
M
Shares / units
445
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
889
Ownership form
Direct
Amendment
No
Footnotes from the filing
Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
The reporting person received an award of restricted stock units, 25% of which will vest on each of August 20, 2025, November 20, 2025, February 20, 2026, and the remaining 25% will vest on the earlier of (i) May 20, 2026, and (ii) the date of the Issuer's 2026 annual stockholder meeting.