DM Individual Aggregator, LLC filed a Form 144 notice with the SEC on October 29, 2026, disclosing a proposed sale of 142,023 shares of Dutch Bros, Inc. common stock on the New York Stock Exchange.

Key Highlights

  • Proposed sale: 142,023 shares of Dutch Bros, Inc. common stock, with an aggregate market value of $6,097,047.39, according to the filing.
  • Seller: DM Individual Aggregator, LLC, identified in the filing as a 10% stockholder of Dutch Bros, Inc.
  • Shares outstanding: The filing lists 137,940,798 shares of common stock outstanding.
  • Acquisition origin: The 142,023 shares were acquired on September 27, 2018, as Founders Shares from the issuer.
  • Rule 10b5-1 plan: The plan adoption date is listed as February 19, 2026, with the approximate date of sale noted as October 29, 2026.
  • Prior 3-month sales: DM Individual Aggregator, LLC sold 50,709 shares on October 20, 2026, for gross proceeds of $2,231,601.67; a related entity, DM Trust Aggregator, LLC, sold 94,978 shares on October 20, 2026, for gross proceeds of $4,179,791.82.
  • Broker: Morgan Stanley Smith Barney LLC Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004, is named as the broker.

Dutch Bros 10% Stockholder Discloses Planned Common Stock Sale Under Rule 144

DM Individual Aggregator, LLC, a 10% stockholder of Dutch Bros, Inc. (NYSE:BROS), filed a Form 144 notice dated October 29, 2026, disclosing a proposed sale of 142,023 shares of the company's common stock. The aggregate market value of the shares to be sold is listed in the filing as $6,097,047.39. The filing names Morgan Stanley Smith Barney LLC Executive Financial Services as the broker for the transaction.

According to the filing, the 142,023 shares proposed for sale were originally acquired on September 27, 2018, through a Founders Shares transaction from the issuer, with no cash payment indicated. The filing notes that the seller is relying on a Rule 10b5-1 trading plan, with the plan adoption date recorded as February 19, 2026. The approximate date of sale is listed as October 29, 2026. The filing was signed by Travis Mason Boersma.

The filing also discloses sales activity during the prior three months. DM Individual Aggregator, LLC sold 50,709 shares on October 20, 2026, generating gross proceeds of $2,231,601.67. A separate but listed entity, DM Trust Aggregator, LLC, sold 94,978 shares on October 20, 2026, for gross proceeds of $4,179,791.82. The total shares of Dutch Bros common stock outstanding are listed as 137,940,798 as of the filing date.

What Was Disclosed

DM Individual Aggregator, LLC, a 10% stockholder of Dutch Bros, Inc., filed a Form 144 notice proposing to sell 142,023 common shares valued at $6,097,047.39, under a Rule 10b5-1 plan adopted February 19, 2026, with the broker identified as Morgan Stanley Smith Barney LLC.