GUENSER JOSHUA J (Chief Financial Officer) exercised options at DUTCH BROS INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

GUENSER JOSHUA J

Filed: 3/2/2026ACC: 0001866581-26-000047

InsiderGUENSER JOSHUA JCIK 1910116

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IssuerDUTCH BROS INC.CIK 1866581

Officer· Chief Financial Officer

Since Mar 2026

+3.19K

Net shares

Net buyer

$504.1K

Total sold

Open market trades

0B · 0S

Total transactions

35.40K acquired · 32.21K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+11.40K

Price / share

—

Trade value

—

% of position

67.6%

3/1/2026

16.86K→28.26K

Class A Common Stock

Direct

F · Tax Withholding

−4.63K

Price / share

$53.61

Trade value

$248.27K

% of position

16.4%

3/1/2026

28.26K→23.63K

Class A Common Stock

Direct

M · Option Exercise

+11.40K

Price / share

—

Trade value

—

% of position

48.3%

3/1/2026

23.63K→35.03K

Class A Common Stock

Direct

F · Tax Withholding

−4.77K

Price / share

$53.61

Trade value

$255.88K

% of position

13.6%

3/1/2026

35.03K→30.26K

Total

Net shares

+13.40K

Net value

-$504.15K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	3/1/2026	M · Option Exercise	+11.40K	—	—	67.6%	16.86K	28.26K
Class A Common Stock Direct	3/1/2026	F · Tax Withholding	−4.63K	$53.61	$248.27K	16.4%	28.26K	23.63K
Class A Common Stock Direct	3/1/2026	M · Option Exercise	+11.40K	—	—	48.3%	23.63K	35.03K
Class A Common Stock Direct	3/1/2026	F · Tax Withholding	−4.77K	$53.61	$255.88K	13.6%	35.03K	30.26K
Total			+13.40K		-$504.15K

Derivative Transactions3

Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

12.59K shares

+12.59K

Strike price

Held after

12.59K

Exercisable

—

3/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

11.40K shares

−11.40K

Strike price

Held after

11.40K

Exercisable

—

3/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

11.40K shares

−11.40K

Strike price

Held after

11.40K

Exercisable

—

3/1/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock12.59K shares	3/1/2026	A · Award	+12.59K	—	12.59K
Restricted Stock Units Direct	Class A Common Stock11.40K shares	3/1/2026	M · Option Exercise	−11.40K	—	11.40K
Restricted Stock Units Direct	Class A Common Stock11.40K shares	3/1/2026	M · Option Exercise	−11.40K	—	11.40K