Dutch Bros Inc. insider trading

Every open-market purchase and sale by Dutch Bros Inc.'s officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchases, 5 years $250,130 13 trades by 3 insiders 3 months later: median −5.9% (−7.8% vs S&P 500) Insider sales, 5 years $3.5B 193 trades by 11 insiders 3 months later: median −4.5% (−6.6% vs S&P 500)

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.

Dutch Bros Inc. insider open-market trades
Date	Insider	Trade	Shares	Price	Value	1M after	3M after	6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Dutch Bros Inc.’s insiders pay?

From March 14, 2022 to August 14, 2026, 12 insiders reported 5 open-market purchases and 13 sales not made under a pre-set plan in Dutch Bros Inc. Twelve months after each purchase was reported, the shares were −17.2% against the S&P 500 on average (median −21.8%), over 3 purchases with a full year of prices; 0% beat the index. After sales, the shares moved +22.0% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on May 19, 2022 into $9,527 by November 2, 2026, −1.1% a year. It held shares 55% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $15,528 (+10.4% a year), and held throughout $20,631 (+17.8%).

Copying Dutch Bros Inc.'s insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Dutch Bros Inc.'s insiders from May 19, 2022, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 55% of the time.

Dutch Bros Inc.: each insider's record
Insider	Role	Purchases	12 months after their purchases	Beat the S&P 500	Sales	12 months after their sales	Latest report
Tsg7 A Aiv VI Holdings-A, L.P.	10% owner	0	—	—	3	+75.2% (3)	May 31, 2024
Boersma Travis	Executive Chairman of Board	1	−21.8% (1)	0%	1	−21.8% (1)	August 29, 2023
Dutch Holdings LLC	10% owner	0	—	—	2	+57.9% (2)	May 15, 2024
Jemley Charles	Chief Financial Officer	0	—	—	2	+6.3% (2)	November 27, 2023
Penegor Todd Allan	Director	2	—	—	0	—	August 14, 2026
Dg Coinvestor Blocker Aggregator, L.P.	10% owner	0	—	—	1	−32.2% (1)	August 17, 2022
Gillett Stephen	Director	1	−2.6% (1)	0%	0	—	May 18, 2022
Graham John Patrick	Chief Marketing Officer	0	—	—	1	−30.1% (1)	December 15, 2022
Ricci Joth	CEO and President	0	—	—	1	−33.4% (1)	August 16, 2022
Tsg7 A Aiv VI, L.P.	10% owner	0	—	—	1	+82.9% (1)	March 5, 2024
Tsg7 A Management LLC	10% owner	0	—	—	1	−33.4% (1)	March 14, 2022
Tullett Victoria J	Chief Legal Officer	1	−27.2% (1)	0%	0	—	August 14, 2023

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Dutch Bros Inc.

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Dutch Bros Inc. in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After 3 selling crowds, +14.5%. One company's history is too short to judge by; the test across every company is the better guide.

Month	Crowd	3 months on, vs S&P 500	6 months	12 months
May 31, 2024	3 selling	−19.6%	+36.8%	+89.9%
December 29, 2023	3 selling	−9.6%	+15.8%	+40.5%
August 31, 2022	3 selling	−0.2%	−9.1%	−37.3%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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