DM Trust Aggregator, LLC filed a Form 144 notice with the SEC on November 2, 2026, disclosing a proposed sale of 627,692 shares of Dutch Bros, Inc. common stock on the NYSE.

Key Highlights

  • Proposed sale: 627,692 shares of Dutch Bros, Inc. common stock with an aggregate market value of $26,909,156.04, according to the filing.
  • Seller: DM Trust Aggregator, LLC, identified in the filing as a 10% stockholder of Dutch Bros, Inc.
  • Origin of shares: The filing states the shares were acquired on September 27, 2018, as Founders Shares from the issuer.
  • Approximate sale date: November 2, 2026, via Morgan Stanley Smith Barney LLC Executive Financial Services.
  • Trading plan date: The filing notes a Rule 10b5-1 plan adoption date of February 19, 2026.
  • Shares outstanding: 137,940,798 shares of Dutch Bros common stock reported outstanding in the filing.
  • Prior three-month sales: The filing discloses combined prior-period 10b5-1 sales by DM Trust Aggregator, LLC and DM Individual Aggregator, LLC totaling 611,188 shares across three dates in October 2026.

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

According to the Form 144 filed on November 2, 2026, DM Trust Aggregator, LLC intends to sell 627,692 shares of Dutch Bros, Inc. (NYSE:BROS) common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004. The aggregate market value of the proposed sale is listed as $26,909,156.04. The filing identifies DM Trust Aggregator, LLC as a 10% stockholder of Dutch Bros, Inc., whose issuer address is listed as 1930 W. Rio Salado Pkwy, Tempe, Arizona 85281.

The shares proposed for sale were acquired on September 27, 2018, in a transaction described in the filing as "Founders Shares" obtained from the issuer. The filing indicates the sale is being conducted under a Rule 10b5-1 trading plan adopted on February 19, 2026. The notice was signed by Travis Mason Boersma.

The filing also discloses prior sales made over the preceding three months. Under 10b5-1 plans, DM Trust Aggregator, LLC sold 37,470 shares on October 30, 2026 (gross proceeds $1,651,992.35), 266,000 shares on October 29, 2026 (gross proceeds $11,711,075.60), and 94,978 shares on October 20, 2026 (gross proceeds $4,179,791.82). DM Individual Aggregator, LLC, a separately named aggregating person, also sold 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).

What Was Disclosed

DM Trust Aggregator, LLC, a 10% stockholder of Dutch Bros, Inc., filed a Form 144 notice proposing to sell 627,692 shares of common stock valued at $26,909,156.04, under a Rule 10b5-1 plan adopted February 19, 2026, with an approximate sale date of November 2, 2026.