Dutch Bros (NYSE: BROS) CEO Barone sells 42,031 shares in planned trade

Rhea-AI Filing Summary

Dutch Bros Inc. CEO and President Christine Barone sold 42,031 shares of Class A Common Stock in an open-market transaction at a weighted average price of $60.134 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 11, 2025. Following this transaction, she directly holds 44,573 shares of Dutch Bros Class A Common Stock.

Insights

Insider trading analyst

CEO executed a sizable, pre-planned share sale but retains a meaningful direct stake.

CEO and President Christine Barone sold 42,031 Dutch Bros Class A shares at a weighted average of $60.134 per share. This is an open-market sale and reflects a net reduction in her directly held position, with 44,573 shares remaining after the trade.

The filing states the transaction was carried out automatically under a Rule 10b5-1 trading plan adopted on August 11, 2025. Such plans are set up in advance, so the timing of this sale is pre-scheduled rather than opportunistic. There are no derivative positions listed, suggesting this filing only involves common stock.

Because this is a single, pre-planned sale and the filing provides no broader financial context or guidance, the event is best viewed as routine portfolio management rather than a thesis-changing signal. Future company filings will provide additional context on any subsequent trading or changes in her overall ownership.

Insider Trade Summary 10b5-1

Net Seller: 42,031 shares ($2,527,492)

Net Sell 1 txn

Insider Barone Christine

Role CEO and President

Sold 42,031 shs ($2.53M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	42,031	$60.134	$2.53M

Holdings After Transaction: Class A Common Stock — 44,573 shares (Direct, null)

Footnotes (1)

1. As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 11, 2025. Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $60.0000 to $60.5500 inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Key Figures

Shares sold: 42,031 shares Average sale price: $60.134 per share Shares held after sale: 44,573 shares

3 metrics

Shares sold 42,031 shares Class A Common Stock sold in open market on June 10, 2026

Average sale price $60.134 per share Weighted average price for multiple trades between $60.00 and $60.55

Shares held after sale 44,573 shares Directly owned Class A Common Stock following the transaction

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, Class A Common Stock, open-market sale

4 terms

Rule 10b5-1 trading plan regulatory

"this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 11, 2025"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average sale price financial

"Represents the weighted average sale price. These shares were sold in multiple transactions"

Class A Common Stock financial

"security_title: "Class A Common Stock""

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.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Barone Christine

(Last) (First) (Middle)

C/O DUTCH BROS INC.

1930 W RIO SALADO PKWY

(Street)

TEMPE ARIZONA 85281

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Dutch Bros Inc. [ BROS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/10/2026		S(1)		42,031	D	$60.134(2)	44,573	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. As indicated by the checkbox above, this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 11, 2025.

2. Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $60.0000 to $60.5500 inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Remarks:

	/s/ Meghan Dappen, Attorney-in-Fact for Christine Barone	06/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Dutch Bros (BROS) CEO Christine Barone report in this Form 4?

She reported an open-market sale of Dutch Bros shares. Christine Barone sold 42,031 shares of Class A Common Stock at a weighted average price of $60.134 per share and now directly holds 44,573 shares, according to the Form 4 filing.

How many Dutch Bros (BROS) shares did the CEO sell and at what price?

Christine Barone sold 42,031 Dutch Bros shares at $60.134. The footnote explains this is a weighted average sale price for multiple trades within a $60.00 to $60.55 per share range during the reported transaction date.

Was the Dutch Bros (BROS) CEO’s share sale under a Rule 10b5-1 plan?

Yes, the sale was executed under a Rule 10b5-1 plan. The filing notes the transaction occurred automatically pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by Christine Barone on August 11, 2025.

How many Dutch Bros (BROS) shares does the CEO hold after this transaction?

After the sale, Christine Barone holds 44,573 shares directly. The Form 4 states that her directly owned Class A Common Stock position is 44,573 shares following the 42,031-share open-market sale disclosed in the filing.

What type of transaction did Dutch Bros (BROS) disclose for its CEO?

The company disclosed an open-market sale of common stock. The Form 4 lists a non-derivative transaction coded “S,” describing it as an open-market or private sale of Class A Common Stock by CEO and President Christine Barone.