DM Individual Aggregator, LLC filed a Form 144 notice with the SEC on November 4, 2026, disclosing a proposed sale of 359,284 shares of Dutch Bros, Inc. common stock on NYSE under the ticker NYSE:BROS.

Key Highlights

  • Proposed sale: DM Individual Aggregator, LLC intends to sell 359,284 shares of Dutch Bros, Inc. common stock with an aggregate market value of $15,657,596.72.
  • Share origin: The 359,284 shares were acquired on September 27, 2018, as Founders Shares from the issuer.
  • 10% stockholder: The filing identifies DM Individual Aggregator, LLC as a 10% stockholder of Dutch Bros, Inc.
  • Shares outstanding: According to the filing, 137,940,798 shares of common stock were outstanding at the time of the notice.
  • Trading plan: The filing states that the sales rely on a Rule 10b5-1 plan adopted on February 19, 2026.
  • Broker: Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, is named as the broker for the proposed sale.
  • Approximate sale date: The proposed sale is dated November 4, 2026, the same day the notice was filed.

DM Individual Aggregator's Proposed Dutch Bros Share Sale Under Rule 144

According to the filing, DM Individual Aggregator, LLC, identified as a 10% stockholder of Dutch Bros, Inc. (NYSE:BROS), filed a Form 144 notice proposing to sell 359,284 shares of the company's common stock. The aggregate market value of the proposed sale is listed as $15,657,596.72. The shares proposed for sale were originally acquired on September 27, 2018, as Founders Shares from the issuer. The notice was signed by Travis Mason Boersma.

The filing also discloses sales of Dutch Bros common stock during the three months preceding the notice. Those prior sales were conducted under a Rule 10b5-1 plan adopted on February 19, 2026, through two entities: DM Individual Aggregator, LLC and DM TRUST AGGREGATOR, LLC. The combined sales disclosed for that period span multiple dates from October 20, 2026 through November 3, 2026, covering a range of transaction sizes and gross proceeds. For DM Individual Aggregator, LLC alone, prior three-month sales included 137,060 shares on November 3, 2026 (gross proceeds $6,039,411.84), 335,136 shares on November 2, 2026 (gross proceeds $14,930,074.20), 20,008 shares on October 30, 2026 (gross proceeds $882,120.71), 142,023 shares on October 29, 2026 (gross proceeds $6,252,789.81), and 50,709 shares on October 20, 2026 (gross proceeds $2,231,601.67).

As noted in the filing, the person for whose account the securities are to be sold represented, by signing the notice, that they do not know of any material adverse information regarding the current and prospective operations of Dutch Bros, Inc. that has not been publicly disclosed. The representation is made as of the date the Rule 10b5-1 plan was adopted.

What Was Disclosed

DM Individual Aggregator, LLC, a 10% stockholder of Dutch Bros, Inc., filed a Form 144 on November 4, 2026, proposing to sell 359,284 shares of common stock valued at $15,657,596.72, acquired as Founders Shares in September 2018, through a Rule 10b5-1 plan.