DM Individual Aggregator, LLC

DM Individual Aggregator (10% owner) sold 522,109 shares for $32,213,881.35 across 5 transactions via pre-arranged 10b5-1 plan on 2026-06-10 to 2026-06-11.

DM Individual Aggregator, LLC sold 522,109 shares (522.1K shares) totaling $32,213,881.35 ($32.2M) at a blended average price of $61.70, reducing its holdings from 2,932,909 to 2,410,800 shares (-17.8%). This is a pre-arranged 10b5-1 trading plan adopted on 2026-02-19, meaning the sales were scheduled rather than discretionary. The stock currently trades at $65.03, above the transaction prices executed over June 10–11, and has risen 28.3% over 30 days and 37.5% over 90 days. The insider's prior sales across tickers show an average 90-day return of -16.4%, though prior BROS trades are mostly unmeasurable in outcome; the only measurable prior sale at this ticker (2025-11-25) saw a 30-day gain of 16.0% but a 90-day decline of -14.5%.

DM Individual Aggregator, LLC (10% owner) sold 261,054 shares for $15,210,165.96 via scheduled 10b5-1 plan

DM Individual Aggregator, LLC executed 2 separate sales totaling 261,054 shares for $15,210,165.96 at an average price of $58.26 on 2026-05-29 and 2026-06-01, reducing holdings from 3,193,963 shares to 2,932,909 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2026-02-19, meaning the sales were scheduled and non-discretionary. The current stock price of $57.86 is -25.7% from the 52-week high of $77.88, and the company reports a P/E of 111.27 with latest quarterly revenue of $464,412,000.00 and net income of $16,097,000.00. The 10% owner retains 2,932,909 shares post-transaction, representing an -8.2% reduction from prior holdings.

10% owner DM Individual Aggregator sold 261,054 shares for $14,670,063.42 on scheduled 10b5-1 plan adopted 2026-02-19

DM Individual Aggregator, LLC, a 10% owner of Dutch Bros Inc. (BROS), executed two scheduled sales totaling 261,054 shares for $14,670,063.42 under a pre-arranged 10b5-1 trading plan adopted on 2026-02-19. The blended average price was $56.20, with the stock currently at $58.00 (up 4.8% over 30 days and up 8.2% over 90 days). The holder retains 3,193,963 shares post-transaction, representing a 7.6% reduction in position size. Because this sale is scheduled under a 10b5-1 plan rather than discretionary, it reflects a predetermined execution program rather than a real-time market judgment. The insider's prior open-market activity across all tickers shows 20 prior sells with an average 90-day return of -14.9%; on this specific ticker (BROS), the prior five sales from 2025-11-25 recorded mixed 30-day returns (+11.6% to +19.3%) followed by consistent 90-day declines (-12.0% to -17.6%). The stock trades at a P/E of 111.54 against recent annual revenue growth of +27.9%, indicating a richly valued growth profile.

10% owner DM Individual Aggregator sold 965,214 shares ($52.9M) over two days; remaining 9,817 shares represents near-complete exit

DM Individual Aggregator, LLC, a 10% owner of Dutch Bros, executed 8 separate sales totaling 965,214 shares for $52,864,590.90 across November 24–25, 2025, reducing holdings from 975,031 shares to 9,817 shares—a -99.0% reduction. The blended average transaction price was $54.77; the stock currently trades at $58.28, meaning the insider sold below the current market price. Critically, the insider's SAME-TICKER HISTORY at BROS shows 5 of 5 prior sells were well-timed at the 90-day mark, with cumulative 90-day returns ranging from -10.3% to -22.3% following those sales. This near-complete liquidation of a major shareholder position, combined with a sustained pattern of well-timed exits at this ticker (100% success rate over prior trades), signals material conviction about near-term or medium-term headwinds. The company's P/E of 145.70 and recent 90-day price decline of -21.5% provide context for outsider concern, but the insider's own historical accuracy at timing BROS exits—coupled with the exceptional scale and finality of this transaction—constitutes a significant event warranting investor scrutiny.

10% owner DM Individual Aggregator sells 304,113 shares for $20,966,506.68 across 4 transactions on 2025-08-25

DM Individual Aggregator, LLC, a 10% owner of Dutch Bros Inc., executed 4 separate sales totaling 304,113 shares for $20,966,506.68 on 2025-08-25, reducing holdings by 23.8% from 1,279,144 to 975,031 shares. The blended average sale price was $68.94, while the stock now trades at $72.27 (4.6% above the sale prices), suggesting the insider sold before a subsequent price advance. This substantial liquidation by a major shareholder follows a pattern of prior BROS trades on 2025-08-21 and 2025-08-22, indicating sustained disposition activity within a 5-day window. While the insider's cross-ticker historical track record shows a 100% well-timed sell rate (90d negative returns), those outcomes are not yet measurable at this ticker, and same-ticker timing outcome data is not yet available due to recent trade dates.

10% owner DM Individual Aggregator sells 661,101 shares for $42.7M in 5 transactions on 2025-08-21/22 at blended average $64.60

DM Individual Aggregator, LLC, a 10% owner of Dutch Bros Inc., executed 5 separate sales totaling 661,101 shares for $42,709,992.82 on August 21–22, 2025, reducing holdings by -34.1% from 1,940,245 to 1,279,144 shares. The transactions were priced at a blended average of $64.60, now $5.04 below the current price of $69.64, representing a missed upside of approximately 7.8% versus the sale prices. While the insider's cross-ticker track record shows a 100.00% well-timed rate on 20 prior sells with an average 90-day return of -6.9%, this same-ticker history shows mixed results: prior May 2025 sale returned +2.3% in 30 days but -4.8% in 90 days. The material stake reduction, combined with the stock's recent +17.0% 30-day surge and elevated P/E of 188.22 against positive fundamentals (+32.6% annual revenue growth), warrants investor scrutiny of the motivation and timing behind the large equity reduction.

10% owner DM Individual Aggregator sells 278,366 shares in 7 transactions for $18,496,767.65 (5/21–5/22)

DM Individual Aggregator, LLC (10% owner) executed 7 separate sales totaling 278,366 shares for $18,496,767.65 over two days (May 21–22, 2025), at a blended average price of $66.45. This represents a 12.5% reduction in holdings from 2,218,611 shares to 1,940,245 shares. The sale occurs against a backdrop of exceptional recent strength: the 30-day price change is +11.1%, and the stock trades $67.89 currently (20.5% below its 52-week high of $85.37). The company shows robust fundamentals with $355.2M quarterly revenue, 32.6% annual revenue growth, and $15.4M net income, though the P/E of 242.46 reflects elevated market expectations. Notably, the insider executed 5 prior sales at Dutch Bros within the preceding two days (May 19–20), all with outcomes not yet measurable, followed immediately by this 7-transaction filing, suggesting a sustained execution pattern rather than an isolated decision point.

10% Owner DM Individual Aggregator, LLC sells 686,848 shares ($48.9M) at Dutch Bros Inc. on May 19–20, 2025, reducing stake by -23.6%

DM Individual Aggregator, LLC executed 6 separate sales totaling 686,848 shares for $48,878,921.07 (blended average $71.16 per share) on May 19–20, 2025, reducing post-transaction holdings to 2,218,611 shares from 2,905,459 shares pre-transaction (-23.6% stake reduction). The transactions occurred at prices materially above the current market price of $64.90 (transaction prices ranged $67.57–$72.84), and well above the 52-week low of $29.10. The magnitude of this disposition—a near-quarter reduction of a 10% owner's position—represents a material change in control structure at a company with a $10.0B market cap, $355.2M quarterly revenue, and 231.79 P/E ratio. The insider's cross-ticker sell track record shows an average 30-day return of -13.8% following prior dispositions, though same-ticker prior sales at BROS (Feb 27, 2025) posted 30-day returns of -18.1% and -19.0%, suggesting a pattern of sales followed by near-term price weakness. Stock price has fallen -20.9% over 90 days despite a +13.8% recovery in the last 30 days, indicating volatility and post-sale downward momentum that aligns with this insider's historical pattern.

DM Individual Aggregator, LLC (10% Owner) sold 81,025 shares for $6,268,278.16 on 2025-02-27, reducing stake by 3.5%

A significant 10% owner of Dutch Bros executed 5 separate sales totaling 81,025 shares for $6,268,278.16 at prices ranging from $75.21 to $78.89, with a blended average of $77.36. The sales occurred on 2025-02-27, when the stock traded slightly below its current price of $79.16, which is 7.3% below the 52-week high of $85.37. The insider retained 2,229,809 shares post-transaction, representing a 3.5% reduction from the 2,310,834 shares held before. This filing follows 5 prior sales at BROS within days (2025-02-25 and 2025-02-26), suggesting a deliberate liquidation program. The company's fundamentals show strong growth with annual revenue growth of +32.6%, though at a valuation of P/E 193.07 with recent 30-day and 90-day returns of +28.0% and +47.3% respectively, the timing of these sales warrants investor attention.

DM Individual Aggregator, LLC (10% owner) sold 329,945 shares of BROS for $24.6M over 2 days at blended avg $74.66

DM Individual Aggregator, LLC, a 10% holder of Dutch Bros, executed 7 separate sales totaling 329,945 shares for $24,632,054.99 on 2025-02-25 and 2025-02-26, reducing holdings by 12.5% to 2,310,834 shares. The shares were sold at prices between $72.85 and $76.67, with a blended average of $74.66, in a period when the stock has appreciated 28.5% over 30 days and 42.5% over 90 days from the sale dates. The current price of $76.56 sits 10.3% below the 52-week high of $85.37, suggesting the sales occurred during elevated valuations relative to recent peaks. The insider's cross-ticker track record shows a 0.00% well-timed rate on 20 prior sells, meaning prior liquidations have not preceded subsequent declines; however, this specific filing's timing relative to future price action remains unmeasured.