DM Trust Aggregator, LLC filed a Form 144 notice of proposed sale of 266,000 shares of Dutch Bros, Inc. common stock on October 29, 2026, with an approximate sale date of October 29, 2026, through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE.

Key Highlights

  • Proposed sale: DM Trust Aggregator, LLC intends to sell 266,000 shares of Dutch Bros, Inc. common stock, with an aggregate market value of $11,419,380.00.
  • Selling relationship: DM Trust Aggregator, LLC is identified as a 10% stockholder of Dutch Bros, Inc.
  • Original acquisition: The shares were acquired on September 27, 2018, as Founders Shares from the issuer, with a date of payment also listed as September 27, 2018.
  • Rule 10b5-1 plan: The filing indicates a trading plan adoption date of February 19, 2026.
  • Recent prior sales: In the past three months, DM Trust Aggregator, LLC sold 94,978 shares on October 20, 2026, for gross proceeds of $4,179,791.82, and DM Individual Aggregator, LLC sold 50,709 shares on October 20, 2026, for gross proceeds of $2,231,601.67.
  • Total shares outstanding: According to the filing, 137,940,798 shares of Dutch Bros, Inc. common stock were outstanding at the time of notice.

DM Trust Aggregator's Proposed Rule 144 Sale of Dutch Bros Founders Shares

According to the Form 144 filing, DM Trust Aggregator, LLC, identified as a 10% stockholder of Dutch Bros, Inc. (NYSE:BROS), intends to sell 266,000 shares of common stock. The proposed sale, with an approximate date of October 29, 2026, is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza, 8th Floor, New York, NY 10004. The aggregate market value of the proposed sale is listed as $11,419,380.00.

The filing discloses that the shares to be sold were originally acquired on September 27, 2018, as Founders Shares from the issuer, Dutch Bros, Inc. The notice was filed under Rule 144 of the Securities Act of 1933 and is signed by Travis Mason Boersma. The filing also notes reliance on a Rule 10b5-1 written trading plan, with a plan adoption date of February 19, 2026.

As required by Form 144, the filing also reports securities sold during the prior three months. DM Trust Aggregator, LLC sold 94,978 shares on October 20, 2026, generating gross proceeds of $4,179,791.82 through a 10b5-1 plan. A related entity, DM Individual Aggregator, LLC, sold 50,709 shares on October 20, 2026, for gross proceeds of $2,231,601.67, also under a 10b5-1 plan. Both entities share an address of 1930 W. Rio Salado Pkwy, Tempe, AZ 85281, which is also listed as the issuer's address.

What Was Disclosed

DM Trust Aggregator, LLC filed a Form 144 notice proposing to sell 266,000 Dutch Bros, Inc. common shares valued at $11,419,380.00, originally acquired as Founders Shares in 2018, under a 10b5-1 plan adopted February 19, 2026.