BetaInsiders sold $633M in the past 12 months.100% was sold under disclosed trading plans. The largest seller, Travis Boersma (Executive Chairman of Board, Director), sold $631M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why
A share of stake is shown for 0 of the 2 officers and directors who sold. 15 are left out Disclosed company stock is not an insider's whole wealth.i
Left out: Travis Boersma, Christine Barone, Stephen Gillett, Joshua Guenser, Victoria Tullett, Kathryn George, Thomas Davis, Tana Davila, Ann Miller, David Cone, Gerard Hart, Todd Penegor, Kory Marchisotto, Nick Daddario and Scott Maw (share of stake is being verified).
Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.
Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.
No officer or director trades were reported for the past 30 days. The most recent before that:
| Who | Shares | Price | % of total stake | Total stake after | Trade date | Filed |
|---|---|---|---|---|---|---|
| Todd Penegor Director | 2,000 | $51.56 | n/a | n/a | Aug 13, 2026 | Aug 14, 2026 |
Yes. Christine Barone sold 42K shares ($2.5M) in the past 12 months, all of it under a trading plan disclosed in the filings.
Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 100% of sales by value ran under 10b5-1 trading plans disclosed in the filings. A trading plan schedules sales in advance.
Yes. 1 officer or director reported 2 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).
Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.
| Insider | Held Oct 13, 2025 | Sold | Held Oct 13, 2026 | Still held |
|---|---|---|---|---|
Travis Boersma!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Travis Boersma are complete. Executive Chairman of Board, Director | n/a | −11.00M | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Travis BoersmaHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Travis Boersma are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Christine Barone!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Christine Barone are complete. CEO and President, Director | n/a | −42K | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Christine BaroneHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christine Barone are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −31Kwithheld by the company for taxes | ||||
Stephen Gillett!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Stephen Gillett are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Stephen GillettHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Stephen Gillett are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Joshua Guenser!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Joshua Guenser are complete. Chief Financial Officer | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Joshua GuenserHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Joshua Guenser are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −10Kwithheld by the company for taxes | ||||
Victoria Tullett!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Victoria Tullett are complete. Chief Legal Officer | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Victoria TullettHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Victoria Tullett are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −6.6Kwithheld by the company for taxes | ||||
Kathryn George!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kathryn George are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Kathryn GeorgeHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kathryn George are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Thomas Davis!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thomas Davis are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Thomas DavisHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Davis are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Tana Davila!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Tana Davila are complete. Chief Marketing Officer | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Tana DavilaHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Tana Davila are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −8.1Kwithheld by the company for taxes | ||||
Ann Miller!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ann Miller are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Ann MillerHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ann Miller are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
David Cone!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Cone are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for David ConeHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Cone are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Gerard Hart!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gerard Hart are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Gerard HartHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gerard Hart are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Todd Penegor!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Todd Penegor are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Todd PenegorHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Todd Penegor are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Kory Marchisotto!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kory Marchisotto are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Kory MarchisottoHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kory Marchisotto are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Nick Daddario!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Nick Daddario are complete. Chief Accounting Officer | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Nick DaddarioHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Nick Daddario are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −490withheld by the company for taxes | ||||
Scott Maw!Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Scott Maw are complete. Director | n/a | 0 | n/a | n/a |
Vesting, gifts, unvested awards and holding lines for Scott MawHoldings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Scott Maw are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) | ||||
Holdings and share of stake for Dutch Bros Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.
Officer and director open-market sales: $633M across 11,042,025 shares. Plan status and stated purpose are separate questions, and a sale can have both.
55,941 shares ($3.1M) were withheld by the company for taxes, which isn't a market sale.
1 officer or director bought shares in this period, in 2 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 17 purchase trades.
| Seller | Shares sold | Proceeds | Under a disclosed plan | Share of total | Sales dates |
|---|---|---|---|---|---|
| Travis Boersma Executive Chairman of Board, Director | 11.00M | $631M | 100% | 99.6% | Nov 24, 2025 to Jun 11, 2026 |
| Christine Barone CEO and President, Director | 42K | $2.5M | 100% | 0.4% | Jun 10, 2026 to Jun 10, 2026 |
| Month | Sale proceeds | Disclosed plan | To cover taxes | No plan disclosed |
|---|---|---|---|---|
| Oct 2025 | $0 | $0 | $0 | $0 |
| Nov 2025 | $274M | $274M | $0 | $0 |
| Dec 2025 | $0 | $0 | $0 | $0 |
| Jan 2026 | $0 | $0 | $0 | $0 |
| Feb 2026 | $0 | $0 | $0 | $0 |
| Mar 2026 | $0 | $0 | $0 | $0 |
| Apr 2026 | $0 | $0 | $0 | $0 |
| May 2026 | $120M | $120M | $0 | $0 |
| Jun 2026 | $240M | $240M | $0 | $0 |
| Jul 2026 | $0 | $0 | $0 | $0 |
| Aug 2026 | $0 | $0 | $0 | $0 |
| Sep 2026 | $0 | $0 | $0 | $0 |
| Oct 2026 | $0 | $0 | $0 | $0 |
More than usual: about 1.5x the 4-year average. 2 insiders sold; the average is 3 a year.
| 12 months ending | Shares sold | Insiders who sold | Proceeds |
|---|---|---|---|
| Oct 13, 2026 Latest 12 months | 11.04M | 2 | $633M |
| Oct 13, 2025 1 year earlier | 15.81M | 1 | $1.08B |
| Oct 13, 2024 2 years earlier | 12.38M | 3 | $407M |
| Oct 14, 2023 3 years earlier | 249K | 3 | $8.7M |
| Oct 14, 2022 4 years earlier | 498K | 4 | $23.2M |
| Oct 14, 2021 5 years earlier · filings don't cover the whole year | n/a | n/a | n/a |
Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.
Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Dutch Bros Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.
External context: we only cite outside events when a documented connection exists. None is shown for this period.
All 381 Forms 3, 4 and 5 on record for Dutch Bros Inc. (SEC CIK 1866581), filed from Sep 14, 2021 to Aug 21, 2026; 65 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.
Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.
Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".
| Name | Last filed | Last reported balance |
|---|---|---|
| Sumitro Ghosh | Mar 4, 2025 | 10,321 shares, last reported balance as of Mar 1, 2025 |
| TSG7 A Management LLC | May 31, 2024 | 15,725,903 shares, last reported balance as of May 29, 2024 |
| Sean Sullivan | May 15, 2024 | 1,612 shares, last reported balance as of May 14, 2024 |
| Brian Maxwell | Mar 22, 2024 | 1,003,620 shares, last reported balance as of Mar 21, 2024 |
| Charles Jemley | Mar 11, 2024 | 1,070,032 shares, last reported balance as of Mar 8, 2024 |
| Blythe Jack | Jan 2, 2024 | 3,263 shares, last reported balance as of Dec 31, 2023 |
| Shelley Broader | Oct 3, 2023 | 10,826 shares, last reported balance as of Sep 30, 2023 |
| Joth Ricci | Aug 2, 2023 | 2,213,865 shares, last reported balance as of Aug 1, 2023 |
| John Graham | Jan 4, 2023 | 428,978 shares, last reported balance as of Jan 3, 2023 |
| Charles Esserman | No balance on record |
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