BROS · Insider Trading

Dutch Bros Inc.

Every open-market purchase and sale reported by BROS officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings
50
most recent
Open-Market Buys
1
code P
Sales
22
code S
Reporting Insiders
18
current holders
BROS — Recent Form 4 Transactions (latest 2026-11-04)
FiledInsiderRole TypeSharesValue
2026-11-04 DM Individual Aggregator, LLC 10%+ Owner Sell −831,480 −$37.04M
2026-11-04 Travis Boersma Executive Chairman of Board Sell −2,388,812 −$106.42M
2026-11-04 DM Trust Aggregator, LLC 10%+ Owner Sell −1,557,332 −$69.38M
2026-10-30 Travis Boersma Executive Chairman of Board Sell −408,023 −$17.96M
2026-10-30 DM Trust Aggregator, LLC 10%+ Owner Sell −266,000 −$11.71M
2026-10-30 Travis Boersma Executive Chairman of Board Sell −57,478 −$2.53M
2026-10-30 DM Trust Aggregator, LLC 10%+ Owner Sell −37,470 −$1.65M
2026-10-30 DM Individual Aggregator, LLC 10%+ Owner Sell −20,008 −$882.12K
2026-10-30 DM Individual Aggregator, LLC 10%+ Owner Sell −142,023 −$6.25M
2026-10-22 DM Individual Aggregator, LLC 10%+ Owner Sell −50,709 −$2.23M
2026-10-22 Travis Boersma Executive Chairman of Board Sell −145,687 −$6.41M
2026-10-22 DM Trust Aggregator, LLC 10%+ Owner Sell −94,978 −$4.18M
2026-08-21 Todd Allan Penegor Director M +775 —
2026-08-21 Ann M Miller Director M +775 —
2026-08-21 Scott Harlan Maw Director M +775 —
2026-08-21 Stephen Gillett Director M +775 —
2026-08-21 Gerard Johan Hart Director M +775 —
2026-08-21 Kory Marchisotto Director M +775 —
2026-08-21 C. David Cone Director M +775 —
2026-08-14 Todd Allan Penegor Director Buy +2,000 +$103.12K
2026-07-06 Tana Davila Chief Marketing Officer MIXED +8,397 −$443.16K
2026-06-12 Travis Boersma Executive Chairman of Board Sell −1,499,999 −$92.56M
2026-06-12 DM Trust Aggregator, LLC 10%+ Owner Sell −977,890 −$60.34M
2026-06-12 DM Individual Aggregator, LLC 10%+ Owner Sell −522,109 −$32.21M
2026-06-11 Christine Barone CEO and President Sell −42,031 −$2.53M
2026-06-02 DM Trust Aggregator, LLC 10%+ Owner Sell −488,945 −$28.49M
2026-06-02 DM Individual Aggregator, LLC 10%+ Owner Sell −261,054 −$15.21M
2026-06-02 Travis Boersma Executive Chairman of Board Sell −749,999 −$43.70M
2026-05-29 DM Trust Aggregator, LLC 10%+ Owner Sell −488,945 −$27.48M
2026-05-29 DM Individual Aggregator, LLC 10%+ Owner Sell −261,054 −$14.67M
2026-05-29 Travis Boersma Executive Chairman of Board Sell −749,999 −$42.15M
2026-05-15 Thomas James Davis Director M +444 —
2026-05-15 Kathryn George Director M +444 —
2026-05-15 Todd Allan Penegor Director MIXED +2,444 +$102.35K
2026-05-15 Ann M Miller Director M +444 —
2026-05-15 Kory Marchisotto Director M +444 —
2026-05-15 Stephen Gillett Director M +444 —
2026-05-15 Gerard Johan Hart Director M +444 —
2026-05-15 C. David Cone Director M +444 —
2026-05-15 Scott Harlan Maw Director A +3,099 deriv. —
2026-04-29 DM Trust Aggregator, LLC 10%+ Owner C +6,454,800 —
2026-04-29 DM Individual Aggregator, LLC 10%+ Owner C +3,445,200 —
2026-04-29 Travis Boersma Executive Chairman of Board C +9,900,000 —
2026-04-24 DM Trust Aggregator, LLC 10%+ Owner J −19,318 —
2026-04-24 DM Individual Aggregator, LLC 10%+ Owner J −13,277 —
2026-04-24 Travis Boersma Executive Chairman of Board J −33,022 —
2026-03-02 Victoria J Tullett Chief Legal Officer MIXED +10,693 −$285.63K
2026-03-02 Nick Daddario Chief Accounting Officer A +5,036 deriv. —
2026-03-02 Tana Davila Chief Marketing Officer MIXED +4,092 −$81.76K
2026-03-02 Joshua J Guenser Chief Financial Officer MIXED +13,402 −$504.15K
BROS — Current Insider Holders
InsiderRole Shares HeldValue
DM Trust Aggregator, LLC 10%+ Owner 3,488,490 $126.32M
Travis Boersma Executive Chairman of Board 1,459,421 $52.85M
DM Individual Aggregator, LLC 10%+ Owner 1,459,421 $52.85M
Christine Barone CEO and President 44,573 $1.61M
Tana Davila Chief Marketing Officer 26,093 $944.83K
Joshua J Guenser Chief Financial Officer 23,630 $855.64K
Victoria J Tullett Chief Legal Officer 22,568 $817.19K
Stephen Gillett Director 19,282 $698.20K
Thomas James Davis Director 14,121 $511.32K
Kathryn George Director 14,121 $511.32K
Ann M Miller Director 12,099 $438.10K
Sumitro Ghosh President of Operations 8,426 $305.11K
Todd Allan Penegor Director 8,133 $294.50K
C. David Cone Director 7,215 $261.26K
Gerard Johan Hart Director 4,236 $153.39K
Kory Marchisotto Director 2,968 $107.47K
Scott Harlan Maw Director 775 $28.06K
Nick Daddario Chief Accounting Officer 620 $22.45K
BROS Insider Trading FAQ
Who are the insiders at BROS?
18 officers, directors and 10%+ beneficial owners currently report holdings in BROS via SEC Form 4.
Are BROS insiders buying or selling?
Across the 50 most recent Form 4 filings for BROS, 1 were open-market purchases (code P) and 22 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.
How current is BROS insider data?
Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent BROS filing is dated 2026-11-04.
How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the BROS quote page; the site-wide leaderboard is on the insider transactions hub.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.