BROS SEC Filing News — Dutch Bros Inc.

Latest SEC filings for Dutch Bros Inc. (BROS) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-08-21.

Dutch Bros Inc., together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company sells and distributes coffee, coffee-related products, and accessories. It operates through Company-Operated Shops and Franchising and Other segments. The company sells its products under various brands such as Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, Dutch Bros, and Blue Rebel. Dutch Bros Inc. was founded in 1992 and is based in Tempe, Arizona.
Sector: Consumer Cyclical Industry: Restaurants Market Cap: $7.5B
20
Total Filings
1
Bullish Classifications
8
Bearish Classifications
13
Insider Transactions
1
Material Events (8-K)
1
Periodic Reports
Rule-based classifications for BROS currently lean bearish. Of the 20 filing records displayed, 8 carry bearish classifications (such as insider sales or negative 8-K disclosures) versus 1 bullish. This does not necessarily signal fundamental deterioration — insiders sell for many reasons — but it is worth monitoring alongside the company's core financial metrics.
BROS Filing Activity Snapshot 2026-06-10 — 2026-08-21
Insider Transactions (Form 4)
1 buy vs 4 sells
Net insider selling in this period — insiders sell for many reasons beyond conviction.
Largest Form 144 Filing
$92.56M
Boersma Travis (Director, Executive Chairman of Board, 10% Owner) · 2026-06-12
1,499,999 shares · Form 4
Form 144 Notices
5
Proposed insider sales filed — Form 144 is a notice of intent, not a confirmed transaction. Actual sales are confirmed via Form 4.
Insider Transactions 13 · Forms 3, 4 and 5

A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 13 filings in this group are Form 4s for Dutch Bros Inc.

The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.

Across the 13 insider filings shown, the breakdown is 8 option exercise, 4 open-market sale and 1 open-market purchase. 5 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.

What each transaction type means

Option exercise ×8
The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
Open-market sale ×4
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Open-market purchase ×1
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Form 4 Option exercise Tax / Compensation Filing 2026-08-21

BROS insider Form 4 filed for equity award, exercise, or tax withholding

Gillett Stephen (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 775 — —
M Option exercise derivative · Restricted Stock Units 775 — —
Filing: Form 4 (Insider Transaction) Insider: Gillett Stephen (Director) Shares: 775
Form 4 Option exercise Tax / Compensation Filing 2026-08-21

BROS insider Form 4 filed for equity award, exercise, or tax withholding

Hart Gerard Johan (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 775 — —
M Option exercise derivative · Restricted Stock Units 775 — —
Filing: Form 4 (Insider Transaction) Insider: Hart Gerard Johan (Director) Shares: 775
Form 4 Option exercise Tax / Compensation Filing 2026-08-21

BROS insider Form 4 filed for equity award, exercise, or tax withholding

MARCHISOTTO KORY (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 775 — —
M Option exercise derivative · Restricted Stock Units 775 — —
Filing: Form 4 (Insider Transaction) Insider: MARCHISOTTO KORY (Director) Shares: 775
Form 4 Option exercise Tax / Compensation Filing 2026-08-21

BROS insider Form 4 filed for equity award, exercise, or tax withholding

Miller Ann M (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 775 — —
M Option exercise derivative · Restricted Stock Units 775 — —
Filing: Form 4 (Insider Transaction) Insider: Miller Ann M (Director) Shares: 775
Form 4 Option exercise Tax / Compensation Filing 2026-08-21

BROS insider Form 4 filed for equity award, exercise, or tax withholding

Penegor Todd Allan (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 775 — —
M Option exercise derivative · Restricted Stock Units 775 — —
Filing: Form 4 (Insider Transaction) Insider: Penegor Todd Allan (Director) Shares: 775
Form 4 Option exercise Tax / Compensation Filing 2026-08-21

BROS insider Form 4 filed for equity award, exercise, or tax withholding

Cone C. David (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 775 — —
M Option exercise derivative · Restricted Stock Units 775 — —
Filing: Form 4 (Insider Transaction) Insider: Cone C. David (Director) Shares: 775
Form 4 Option exercise Tax / Compensation Filing 2026-08-21

BROS insider Form 4 filed for equity award, exercise, or tax withholding

Maw Scott Harlan (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 775 — —
M Option exercise derivative · Restricted Stock Units 775 — —
Filing: Form 4 (Insider Transaction) Insider: Maw Scott Harlan (Director) Shares: 775
Form 4 Open-market purchase Insider Buying 2026-08-14

BROS insider Penegor Todd Allan (Director) bought 2,000 shares (~$103.1K)

Penegor Todd Allan, listed as Director at Dutch Bros Inc., reported an open-market purchase of 2,000 BROS shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 2,000 $51.56 $103.1K
Filing: Form 4 (Insider Transaction) Insider: Penegor Todd Allan (Director) Shares: 2,000 Est. Value: $103.1K
Form 4 Option exercise Tax / Compensation Filing 2026-07-06

BROS insider Form 4 filed for equity award, exercise, or tax withholding

DAVILA TANA (Chief Marketing Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 8,787 — —
F Tax withholding on vested shares 3,678 $73.31 $269.6K
M Option exercise 5,655 — —
F Tax withholding on vested shares 2,367 $73.31 $173.5K
M Option exercise derivative · Restricted Stock Units 8,787 — —
M Option exercise derivative · Restricted Stock Units 5,655 — —
Filing: Form 4 (Insider Transaction) Insider: DAVILA TANA (Chief Marketing Officer) Shares: 20,487
Form 4 Open-market sale Insider Selling 2026-06-12

BROS insider Boersma Travis (Director, Executive Chairman of Board, 10% Owner) sold 1,499,999 shares (~$92.56M)

Boersma Travis, listed as Director, Executive Chairman of Board, 10% Owner at Dutch Bros Inc., reported an open-market sale of 1,499,999 BROS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 461,532 $60.35 $27.85M
S Open-market sale 27,413 $61.08 $1.67M
S Open-market sale 233,690 $62.47 $14.60M
S Open-market sale 226,120 $63.46 $14.35M
S Open-market sale 29,135 $64.10 $1.87M
S Open-market sale 247,456 $60.34 $14.93M
S Open-market sale 13,598 $61.08 $830.6K
S Open-market sale 124,771 $62.47 $7.79M
S Open-market sale 120,729 $63.46 $7.66M
S Open-market sale 15,555 $64.10 $997.1K
Filing: Form 4 (Insider Transaction) Insider: Boersma Travis (Director, Executive Chairman of Board, 10% Owner) Shares: 1,499,999 Est. Value: $92.56M
Form 4 Open-market sale Insider Selling 2026-06-12

BROS insider DM Individual Aggregator, LLC (10% Owner) sold 522,109 shares (~$32.21M)

DM Individual Aggregator, LLC, listed as 10% Owner at Dutch Bros Inc., reported an open-market sale of 522,109 BROS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 247,456 $60.34 $14.93M
S Open-market sale 13,598 $61.08 $830.6K
S Open-market sale 124,771 $62.47 $7.79M
S Open-market sale 120,729 $63.46 $7.66M
S Open-market sale 15,555 $64.10 $997.1K
Filing: Form 4 (Insider Transaction) Insider: DM Individual Aggregator, LLC (10% Owner) Shares: 522,109 Est. Value: $32.21M
Form 4 Open-market sale Insider Selling 2026-06-12

BROS insider DM Trust Aggregator, LLC (10% Owner) sold 977,890 shares (~$60.34M)

DM Trust Aggregator, LLC, listed as 10% Owner at Dutch Bros Inc., reported an open-market sale of 977,890 BROS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 461,532 $60.35 $27.85M
S Open-market sale 27,413 $61.08 $1.67M
S Open-market sale 233,690 $62.47 $14.60M
S Open-market sale 226,120 $63.46 $14.35M
S Open-market sale 29,135 $64.10 $1.87M
Filing: Form 4 (Insider Transaction) Insider: DM Trust Aggregator, LLC (10% Owner) Shares: 977,890 Est. Value: $60.34M
Form 4 Open-market sale Insider Selling 2026-06-11

BROS insider Barone Christine (Director, CEO and President) sold 42,031 shares (~$2.53M)

Barone Christine, listed as Director, CEO and President at Dutch Bros Inc., reported an open-market sale of 42,031 BROS shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 42,031 $60.13 $2.53M
Filing: Form 4 (Insider Transaction) Insider: Barone Christine (Director, CEO and President) Shares: 42,031 Est. Value: $2.53M
Proposed Insider Sales 5 · Form 144

A Form 144 is a notice of intent to sell restricted or control securities. It is not a record that anything was sold. Dutch Bros Inc. has 5 such notices in this period.

The distinction matters because a Form 144 is frequently reported as though it were a completed insider sale. The filer may sell all of the shares covered, some of them, or none at all, and there is no obligation to update the notice either way. A sale that is actually executed by an officer or director shows up separately on a Form 4, which is the filing to check before treating a proposed sale as a real one.

Form 144 Large Proposed Insider Sale 2026-06-11

BROS Form 144 filed for proposed insider sale by DM INDIVIDUAL AGGREGATOR, LLC (261,055 shares) ~$15.74M

DM INDIVIDUAL AGGREGATOR, LLC filed a Form 144 with the SEC indicating intent to sell BROS (Dutch Bros Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4. The proposed dollar value is large enough to merit attention.

Filing: Form 144 (Proposed Sale Notice) Insider: DM INDIVIDUAL AGGREGATOR, LLC Shares: 261,055 Est. Value: $15.74M
Form 144 Large Proposed Insider Sale 2026-06-11

BROS Form 144 filed for proposed insider sale by DM TRUST AGGREGATOR, LLC (488,945 shares) ~$29.47M

DM TRUST AGGREGATOR, LLC filed a Form 144 with the SEC indicating intent to sell BROS (Dutch Bros Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4. The proposed dollar value is large enough to merit attention.

Filing: Form 144 (Proposed Sale Notice) Insider: DM TRUST AGGREGATOR, LLC Shares: 488,945 Est. Value: $29.47M
Form 144 Proposed Insider Sale 2026-06-10

BROS Form 144 filed for proposed insider sale by CHRISTINE BARONE (42,031 shares) ~$2.43M

CHRISTINE BARONE filed a Form 144 with the SEC indicating intent to sell BROS (Dutch Bros Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: CHRISTINE BARONE Shares: 42,031 Est. Value: $2.43M
Form 144 Large Proposed Insider Sale 2026-06-10

BROS Form 144 filed for proposed insider sale by DM TRUST AGGREGATOR, LLC (488,945 shares) ~$28.26M

DM TRUST AGGREGATOR, LLC filed a Form 144 with the SEC indicating intent to sell BROS (Dutch Bros Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4. The proposed dollar value is large enough to merit attention.

Filing: Form 144 (Proposed Sale Notice) Insider: DM TRUST AGGREGATOR, LLC Shares: 488,945 Est. Value: $28.26M
Form 144 Large Proposed Insider Sale 2026-06-10

BROS Form 144 filed for proposed insider sale by DM INDIVIDUAL AGGREGATOR, LLC (261,054 shares) ~$15.09M

DM INDIVIDUAL AGGREGATOR, LLC filed a Form 144 with the SEC indicating intent to sell BROS (Dutch Bros Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4. The proposed dollar value is large enough to merit attention.

Filing: Form 144 (Proposed Sale Notice) Insider: DM INDIVIDUAL AGGREGATOR, LLC Shares: 261,054 Est. Value: $15.09M
Material Events 1 · Form 8-K

An 8-K reports a material event in the window between scheduled reports. There is 1 in this period for Dutch Bros Inc. Each 8-K names the item number it is filed under, and that number is the fastest way to tell a routine disclosure from a consequential one.

Item 2.02 is an earnings release, Item 5.02 is a change of directors or officers, and Item 1.01 or 2.01 covers a material agreement or a completed acquisition. Item 7.01 and Item 8.01 are the general-purpose disclosure items and carry no fixed meaning on their own.

Form 8-K Material Company Update 2026-08-05

BROS filed 8-K — material company event

Dutch Bros Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Periodic Reports 1 · Forms 10-K and 10-Q

The periodic reports are where the audited and reviewed financial statements live. This period contains 1 quarterly report (10-Q) for Dutch Bros Inc.

The two are not equivalent in weight. A 10-K is audited by an external firm and includes the full risk factor disclosure, business description and management discussion; a 10-Q is unaudited, reviewed rather than examined, and much shorter. When a figure in a quarterly report is later revised, the annual report is usually where the correction appears.

An amended report — 10-K/A or 10-Q/A — restates or corrects something in the original filing, and is worth reading against the version it replaces.

Form 10-Q Quarterly Report 2026-08-06

BROS filed Quarterly Report (10-Q)

Dutch Bros Inc. filed its quarterly report with the SEC. This report includes unaudited financial statements and management discussion for the quarter.

Filing: 10-Q (Quarterly Report)

How we classify Dutch Bros Inc.'s filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on BROS. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — BROS SEC Filings

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Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
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