Dutch Bros BROS Insider Ownership

NYSE BROS

$34.58 -9.41 (-21.38%)

As of: Nov 5, 2026 · 3:59 PM EST

Insider Holdings by Owner

174.84Mn Shares

Travis Boersma77.36Mn44.2%

Trust Aggregator, Llc Dm45.81Mn26.2%

Individual Aggregator, Llc Dm30.38Mn17.4%

A Management Llc Tsg716.74Mn9.6%

Joth Ricci1.98Mn1.1%

Other insiders (21)2.57Mn1.5%

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

24.64%

▲+0.0091% pp QoQ

Shares Held by Insiders

43.04Mn

filed for Sep 2026

▲+0.04% QoQ

Shares Outstanding

174.66Mn

174,658,000 shares

Direct Holdings

221.46K

Indirect: 42.82Mn

Net Open-Market Trades

+2.00K

net bought · $103.12K in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Open-Market Insider Trades

Bought Sold

Latest quarter —

Net over range —

Net-buying quarters —

Insider Ownership Summary

Updated Nov 4, 2026

Across the past 12 months, open-market trades by Dutch Bros insiders totaled $205,470 in purchases (4K shares) and $344.76 million in sales (6.15Mn shares).

Counted by insider, open-market buying of BROS stock in the past 12 months came from one insider and selling from 4 insiders.
Among BROS insiders, Todd Allan Penegor (Director) bought the most stock on the open market in the past 12 months: $205,470 (4K shares), most recently on August 13, 2026.
On the selling side, DM Trust Aggregator, LLC (10% owner) sold the most Dutch Bros stock on the open market over the past 12 months, $200.37 million (3.49Mn shares), most recently on June 11, 2026.
Travis Boersma (Executive Chairman of Board) made the most recent open-market trade by an insider of Dutch Bros, a sale of 57.48K shares for $2.53 million on October 30, 2026.
In transactions other than open-market trades, Dutch Bros insiders acquired 19.94Mn shares through option exercises and conversions and gave up 55.03K shares to cover taxes or exercise prices over the past 12 months.
Per Business Quant data, Dutch Bros insiders hold 42.43Mn shares in total based on their latest Form 4 filings, down 1.38% from 43.02Mn shares at the end of Q2 2026.
Direct holdings account for 6.54Mn shares (15.40%) of BROS's insider total, and indirect holdings through trusts, partnerships and family members for 35.89Mn shares (84.60%).
Business Quant counts 18 insiders with holdings in Dutch Bros stock, among the officers, directors and 10% owners who have filed a Form 4 in the past two years.
BROS's largest insider holders by reported holdings are Travis Boersma (Executive Chairman of Board, 35.89Mn shares), DM Trust Aggregator, LLC (10% owner, 4.12Mn shares) and DM Individual Aggregator, LLC (10% owner, 2.2Mn shares).
Travis Boersma alone accounts for 84.60% of the shares held by Dutch Bros insiders.
In the past year, 17 insiders of Dutch Bros submitted 73 Form 4 filings reporting trades, awards or other transactions.
These insider figures for Dutch Bros are based on Form 4 filings through October 30, 2026.

Form 4 Holdings

Insiders Holding BROS

Insiders 26

Shares held 174.84Mn

Of outstanding 100.10%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Travis Boersma	Executive Chairman Of Board	0	77,358,820	77,358,820	44.2%	04 Nov, 2026
2	Trust Aggregator, Llc Dm	TenPercentOwner	45,808,828	0	45,808,828	26.2%	04 Nov, 2026
3	Individual Aggregator, Llc Dm	TenPercentOwner	30,382,053	0	30,382,053	17.4%	04 Nov, 2026
4	A Management Llc Tsg7	TenPercentOwner	0	16,743,975	16,743,975	9.6%	31 May, 2024
5	Joth Ricci	Ceo	1,976,335	0	1,976,335	1.1%	02 Aug, 2023
6	Charles Jemley	Chief Financial Officer	0	1,070,032	1,070,032	0.6%	11 Mar, 2024
7	Brian Maxwell	Chief Operating Officer	1,003,620	0	1,003,620	0.6%	22 Mar, 2024
8	John Patrick Graham	Chief Marketing Officer	256,978	0	256,978	0.1%	04 Jan, 2023
9	Christine Barone	Ceo And President	44,573	0	44,573	0.0%	11 Jun, 2026
10	Joshua J Guenser	Chief Financial Officer	30,260	0	30,260	0.0%	02 Mar, 2026
11	Victoria J Tullett	Chief Legal Officer	26,228	0	26,228	0.0%	02 Mar, 2026
12	Tana Davila	Chief Marketing Officer	26,093	0	26,093	0.0%	02 Jul, 2026
13	Stephen Gillett	Director	19,282	0	19,282	0.0%	21 Aug, 2026
14	Kathryn George	Director	14,121	0	14,121	0.0%	15 May, 2026
15	Thomas James Davis	Director	14,121	0	14,121	0.0%	15 May, 2026
16	Shelley G. Broader	Director	13,000	0	13,000	0.0%	03 Oct, 2023
17	Ann M Miller	Director	12,099	0	12,099	0.0%	21 Aug, 2026
18	Sumitro Ghosh	President Of Operations	10,321	0	10,321	0.0%	04 Mar, 2025
19	Todd Allan Penegor	Director	8,133	0	8,133	0.0%	21 Aug, 2026
20	C. David Cone	Director	7,215	0	7,215	0.0%	21 Aug, 2026
21	Gerard Johan Hart	Director	4,236	0	4,236	0.0%	21 Aug, 2026
22	Blythe Jack	Director	3,263	0	3,263	0.0%	02 Jan, 2024
23	Kory Marchisotto	Director	2,968	0	2,968	0.0%	21 Aug, 2026
24	Sean B.A. Sullivan	Director	1,612	0	1,612	0.0%	15 May, 2024
25	Nick Daddario	Chief Accounting Officer	1,033	0	1,033	0.0%	24 Feb, 2026
26	Scott Harlan Maw	Director	775	0	775	0.0%	21 Aug, 2026

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

1,203 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
02 Nov, 2026	Individual Aggregator, Llc Dm	TenPercentOwner	Disposed S	332,150	$44.55	$14.80Mn	1,865,910	Direct
02 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	622,101	$44.55	$27.71Mn	3,494,081	Indirect
02 Nov, 2026	Trust Aggregator, Llc Dm	TenPercentOwner	Disposed S	622,101	$44.55	$27.71Mn	3,494,081	Direct
02 Nov, 2026	Trust Aggregator, Llc Dm	TenPercentOwner	Disposed S	5,591	$45.01	$251.63K	3,488,490	Direct
02 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	5,591	$45.01	$251.63K	3,488,490	Indirect
02 Nov, 2026	Individual Aggregator, Llc Dm	TenPercentOwner	Disposed S	2,986	$45.01	$134.39K	1,862,924	Direct
03 Nov, 2026	Individual Aggregator, Llc Dm	TenPercentOwner	Disposed S	137,060	$44.06	$6.04Mn	1,725,864	Direct
03 Nov, 2026	Trust Aggregator, Llc Dm	TenPercentOwner	Disposed S	256,708	$44.06	$11.31Mn	3,231,782	Direct
03 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	256,708	$44.06	$11.31Mn	3,231,782	Indirect
04 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	499,041	$44.59	$22.25Mn	2,732,741	Indirect
04 Nov, 2026	Trust Aggregator, Llc Dm	TenPercentOwner	Disposed S	499,041	$44.59	$22.25Mn	2,732,741	Direct
04 Nov, 2026	Individual Aggregator, Llc Dm	TenPercentOwner	Disposed S	266,443	$44.59	$11.88Mn	1,459,421	Direct
04 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	173,891	$45.14	$7.85Mn	2,558,850	Indirect
04 Nov, 2026	Individual Aggregator, Llc Dm	TenPercentOwner	Disposed S	92,841	$45.14	$4.19Mn	1,366,580	Direct
04 Nov, 2026	Trust Aggregator, Llc Dm	TenPercentOwner	Disposed S	173,891	$45.14	$7.85Mn	2,558,850	Direct
02 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	332,150	$44.55	$14.80Mn	1,865,910	Indirect
02 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	2,986	$45.01	$134.39K	1,862,924	Indirect
03 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	137,060	$44.06	$6.04Mn	1,725,864	Indirect
04 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	266,443	$44.59	$11.88Mn	1,459,421	Indirect
04 Nov, 2026	Travis Boersma	Executive Chairman Of Board	Disposed S	92,841	$45.14	$4.19Mn	1,366,580	Indirect

Showing 1 to 20 of 1,203 transactions