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sellModerate cluster of 310b5-1 plan

DM Trust Aggregator, LLC sold $84M of BROS

owner at Dutch Bros Inc.. 1,534,786 shares at an average of $54.77, traded Nov 24, 2025, filed Nov 26, 2025.

Warning score
52
Value
$84M
1,534,786 shares
Holdings after
15,610
-99% from before
From 52-week low
+12%
low $47.66, close $53.36
From 52-week high
-38%
high $85.37, as of Nov 24, 2025

Score components

  • Role
    10% owner
    +12
  • Trade size
    $84.1M at market
    +25
  • Share of holdings sold
    Sold 99% of holdings
    +20
  • Cluster
    3 insiders selling within 14 days
    +15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +9.8%, 3m -12.7%, 6m -4.1%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

BROSOct 9, 2026 · close 38.05
Since filing Nov 26, 2025: -34.7%SPY +15.7% · excess -50.4%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001866581-25-000252, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 24, 2025SOpen-market sale
Class A Common Stock10b5-1
-156,937$52.95$8.3M1,393,459Nov 26, 2025
Nov 24, 2025SOpen-market sale
Class A Common Stock10b5-1
-324,635$53.53$17M1,068,824Nov 26, 2025
Nov 24, 2025SOpen-market sale
Class A Common Stock10b5-1
-22,687$54.83$1.2M1,046,137Nov 26, 2025
Nov 25, 2025SOpen-market sale
Class A Common Stock10b5-1
-90,334$53.74$4.9M955,803Nov 26, 2025
Nov 25, 2025SOpen-market sale
Class A Common Stock10b5-1
-261,767$54.58$14M694,036Nov 26, 2025
Nov 25, 2025SOpen-market sale
Class A Common Stock10b5-1
-427,572$55.27$24M266,464Nov 26, 2025
Nov 25, 2025SOpen-market sale
Class A Common Stock10b5-1
-60,348$56.63$3.4M206,116Nov 26, 2025
Nov 25, 2025SOpen-market sale
Class A Common Stock10b5-1
-190,506$57.42$11M15,610Nov 26, 2025

Related signals

Other insiders at Dutch Bros Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
54Moderate
BROSbuy
Dutch Bros Inc.
Todd Allan Penegor
director
$103k
2,000 shares
+37%
50Moderate
BROSsell 410b5-1
Dutch Bros Inc.
Travis Boersma
Executive Chairman of Board
$93M
1,499,999 shares
-27%
37Weak
BROSsell 410b5-1
Dutch Bros Inc.
DM Individual Aggregator, LLC
owner
$32M
522,109 shares
-18%
37Weak
BROSsell 410b5-1
Dutch Bros Inc.
DM Trust Aggregator, LLC
owner
$60M
977,890 shares
-18%
55Moderate
BROSsell 410b5-1
Dutch Bros Inc.
Christine Barone
CEO and President
$2.5M
42,031 shares
-49%
45Moderate
BROSsell 410b5-1
Dutch Bros Inc.
Travis Boersma
Executive Chairman of Board
$44M
749,999 shares
-13%
32Weak
BROSsell 410b5-1
Dutch Bros Inc.
DM Individual Aggregator, LLC
owner
$15M
261,054 shares
-8%
32Weak
BROSsell 410b5-1
Dutch Bros Inc.
DM Trust Aggregator, LLC
owner
$28M
488,945 shares
-8%
45Moderate
BROSsell 410b5-1
Dutch Bros Inc.
Travis Boersma
Executive Chairman of Board
$42M
749,999 shares
-12%
32Weak
BROSsell 410b5-1
Dutch Bros Inc.
DM Individual Aggregator, LLC
owner
$15M
261,054 shares
-8%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

DM Trust Aggregator, LLC sold $84M of BROS | InsiderTell