Dutch Bros Inc. Insider Trading

BROS

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Last 12 months

Insiders bought 205K and sold $451M on the open market.

All of the selling was scheduled in advance under 10b5-1 plans.

Net open-market

−$451M

2 buys · 9 sales

Under a 10b5-1 plan

100%

of the value sold

Insiders who bought / sold

1 / 2

executives and directors

Last open-market buy

Aug 2026

Aug 13, 2026

Get an email when BROS's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Nov 2 – 4	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 10 parts	2,388,812	$44.55 average	$106M	38%	Form 4
Nov 2 – 4	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan 5 parts	831,480	$44.55 average	$37M	38%	Form 4
Nov 2 – 4	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan 5 parts	1,557,332	$44.55 average	$69.4M	38%	Form 4
Oct 30	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan	20,008	$44.09	882K	0.9%	Form 4
Oct 30	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan	37,470	$44.09	$1.65M	0.9%	Form 4
Oct 30	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 2 parts	57,478	$44.09 average	$2.53M	0.9%	Form 4
Oct 29	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan	142,023	$44.03	$6.25M	6.0%	Form 4
Oct 29	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan	266,000	$44.03	$11.7M	6.0%	Form 4
Oct 29	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 2 parts	408,023	$44.03 average	$18M	6.0%	Form 4
Oct 20	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan	50,709	$44.01	$2.23M	2.1%	Form 4
Oct 20	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan	94,978	$44.01	$4.18M	2.1%	Form 4
Oct 20	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 2 parts	145,687	$44.01 average	$6.41M	2.1%	Form 4
Aug 13	Todd Allan Penegor Director	Bought	2,000	$51.56	103K	37%	Form 4
Jun 10 – 11	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 10 parts	1,499,999	$61.71 average	$92.6M	18%	Form 4
Jun 10 – 11	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan 5 parts	522,109	$61.70 average	$32.2M	18%	Form 4
Jun 10 – 11	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan 5 parts	977,890	$61.71 average	$60.3M	18%	Form 4
Jun 10	Christine Barone CEO and President	Sold10b5-1 plan	42,031	$60.13	$2.53M	49%	Form 4
May 29 – Jun 1	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 4 parts	749,999	$58.26 average	$43.7M	8.2%	Form 4
May 29 – Jun 1	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan 2 parts	261,054	$58.26 average	$15.2M	8.2%	Form 4
May 29 – Jun 1	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan 2 parts	488,945	$58.26 average	$28.5M	8.2%	Form 4
May 27 – 28	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 4 parts	749,999	$56.20 average	$42.1M	7.6%	Form 4
May 27 – 28	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan 2 parts	261,054	$56.20 average	$14.7M	7.6%	Form 4
May 27 – 28	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan 2 parts	488,945	$56.20 average	$27.5M	7.6%	Form 4
May 15	Todd Allan Penegor Director	Bought	2,000	$51.18	102K	60%	Form 4
Nov 24, 2025 – Nov 25, 2025	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 16 parts	2,500,000	$54.77 average	$137M	99%	Form 4
Nov 24, 2025 – Nov 25, 2025	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan 8 parts	965,214	$54.77 average	$52.9M	99%	Form 4
Nov 24, 2025 – Nov 25, 2025	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan 8 parts	1,534,786	$54.77 average	$84.1M	99%	Form 4
Aug 25, 2025	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 8 parts	787,681	$68.94 average	$54.3M	24%	Form 4
Aug 25, 2025	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan 4 parts	304,113	$68.94 average	$21M	24%	Form 4
Aug 25, 2025	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan 4 parts	483,568	$68.94 average	$33.3M	24%	Form 4
Aug 21, 2025 – Aug 22, 2025	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan 5 parts	661,101	$64.60 average	$42.7M	34%	Form 4
Aug 21, 2025 – Aug 22, 2025	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan 5 parts	1,051,218	$64.60 average	$67.9M	34%	Form 4
Aug 21, 2025 – Aug 22, 2025	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 10 parts	1,712,319	$64.60 average	$111M	34%	Form 4
May 21, 2025 – May 22, 2025	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 14 parts	1,263,479	$66.45 average	$84M	20%	Form 4
May 21, 2025 – May 22, 2025	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan 7 parts	278,366	$66.45 average	$18.5M	13%	Form 4
May 21, 2025 – May 22, 2025	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan 7 parts	985,113	$66.45 average	$65.5M	24%	Form 4
May 19, 2025 – May 20, 2025	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 10 parts	1,236,521	$69.86 average	$86.4M	16%	Form 4
May 19, 2025 – May 20, 2025	DM Individual Aggregator, LLC Large holder	Sold10b5-1 plan 6 parts	686,848	$71.16 average	$48.9M	24%	Form 4
May 20, 2025	DM Trust Aggregator, LLC Large holder	Sold10b5-1 plan 4 parts	549,673	$68.24 average	$37.5M	12%	Form 4
Feb 27, 2025	Travis Boersma Executive Chairman of Board	Sold10b5-1 plan 10 parts	209,862	$77.36 average	$16.2M	3.5%	Form 4

Nov 2 – 410b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 2,388,812 at avg $44.55
$106M
38% of stake
Nov 2 – 410b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 831,480 at avg $44.55
$37M
38% of stake
Nov 2 – 410b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 1,557,332 at avg $44.55
$69.4M
38% of stake
Oct 3010b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 20,008 at $44.09
882K
0.9% of stake
Oct 3010b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 37,470 at $44.09
$1.65M
0.9% of stake
Oct 3010b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 57,478 at avg $44.09
$2.53M
0.9% of stake
Oct 2910b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 142,023 at $44.03
$6.25M
6.0% of stake
Oct 2910b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 266,000 at $44.03
$11.7M
6.0% of stake
Oct 2910b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 408,023 at avg $44.03
$18M
6.0% of stake
Oct 2010b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 50,709 at $44.01
$2.23M
2.1% of stake
Oct 2010b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 94,978 at $44.01
$4.18M
2.1% of stake
Oct 2010b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 145,687 at avg $44.01
$6.41M
2.1% of stake
Aug 13
Todd Allan Penegor
Director · bought 2,000 at $51.56
103K
37% of stake
Jun 10 – 1110b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 1,499,999 at avg $61.71
$92.6M
18% of stake
Jun 10 – 1110b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 522,109 at avg $61.70
$32.2M
18% of stake
Jun 10 – 1110b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 977,890 at avg $61.71
$60.3M
18% of stake
Jun 1010b5-1 plan
Christine Barone
CEO and President · sold 42,031 at $60.13
$2.53M
49% of stake
May 29 – Jun 110b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 749,999 at avg $58.26
$43.7M
8.2% of stake
May 29 – Jun 110b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 261,054 at avg $58.26
$15.2M
8.2% of stake
May 29 – Jun 110b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 488,945 at avg $58.26
$28.5M
8.2% of stake
May 27 – 2810b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 749,999 at avg $56.20
$42.1M
7.6% of stake
May 27 – 2810b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 261,054 at avg $56.20
$14.7M
7.6% of stake
May 27 – 2810b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 488,945 at avg $56.20
$27.5M
7.6% of stake
May 15
Todd Allan Penegor
Director · bought 2,000 at $51.18
102K
60% of stake
Nov 24, 2025 – Nov 25, 202510b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 2,500,000 at avg $54.77
$137M
99% of stake
Nov 24, 2025 – Nov 25, 202510b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 965,214 at avg $54.77
$52.9M
99% of stake
Nov 24, 2025 – Nov 25, 202510b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 1,534,786 at avg $54.77
$84.1M
99% of stake
Aug 25, 202510b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 787,681 at avg $68.94
$54.3M
24% of stake
Aug 25, 202510b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 304,113 at avg $68.94
$21M
24% of stake
Aug 25, 202510b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 483,568 at avg $68.94
$33.3M
24% of stake
Aug 21, 2025 – Aug 22, 202510b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 661,101 at avg $64.60
$42.7M
34% of stake
Aug 21, 2025 – Aug 22, 202510b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 1,051,218 at avg $64.60
$67.9M
34% of stake
Aug 21, 2025 – Aug 22, 202510b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 1,712,319 at avg $64.60
$111M
34% of stake
May 21, 2025 – May 22, 202510b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 1,263,479 at avg $66.45
$84M
20% of stake
May 21, 2025 – May 22, 202510b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 278,366 at avg $66.45
$18.5M
13% of stake
May 21, 2025 – May 22, 202510b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 985,113 at avg $66.45
$65.5M
24% of stake
May 19, 2025 – May 20, 202510b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 1,236,521 at avg $69.86
$86.4M
16% of stake
May 19, 2025 – May 20, 202510b5-1 plan
DM Individual Aggregator, LLC
Large holder · sold 686,848 at avg $71.16
$48.9M
24% of stake
May 20, 202510b5-1 plan
DM Trust Aggregator, LLC
Large holder · sold 549,673 at avg $68.24
$37.5M
12% of stake
Feb 27, 202510b5-1 plan
Travis Boersma
Executive Chairman of Board · sold 209,862 at avg $77.36
$16.2M
3.5% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch BROS, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Held by ETFs

BROS is in 83 US ETFs. The largest of them, with BROS's weight in each:

Spot a number that looks wrong? Check it in BROS's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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