TSG7 A Aiv VI, L.P.'s Form 4 filing
Dutch Bros Inc. (BROS) · filed Mar 5, 2024
- Accession no.
- 0000950170-24-026425
- Filed
- Mar 5, 2024, 6:00 PM ET
- Trade date
- Mar 1, 2024
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 12 non-derivative transactions and 8 derivative transactions. Open-market sales total $231.2M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| TSG7 A Aiv VI, L.P.CIK 0001882774 | 10% Owner |
| TSG7 A AIV VI Holdings-A, L.P.CIK 0001882775 | 10% Owner |
| TSG7 A Management LLCCIK 0001882776 | 10% Owner |
| DG Coinvestor Blocker Aggregator, L.P.CIK 0001882834 | 10% Owner |
| Dutch Holdings LLCCIK 0001883107 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 1, 2024 | Class C Common Stock | JOtherDisposed | −5,663,647 | –F1 | – | 26,038,152 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | CConversionAcquired | +5,663,647 | –F1 | – | 5,681,697 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | SSaleDisposed | −5,663,647 | $28.90 | −$163,679,398.3 | 18,050 | Indirect | |
| Mar 1, 2024 | Class C Common Stock | JOtherDisposed | −310,969 | –F4 | – | 25,727,183 | Indirect | |
| Mar 1, 2024 | Class C Common Stock | JOtherDisposed | −331,737 | –F1 | – | 1,816,526 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | CConversionAcquired | +331,737 | –F1 | – | 331,737 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | SSaleDisposed | −331,737 | $28.90 | −$9,587,199.3 | 0 | Indirect | |
| Mar 1, 2024 | Class C Common Stock | JOtherDisposed | −69,586 | –F5 | – | 1,746,940 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | CConversionAcquired | +1,545,236 | –F6 | – | 1,545,236 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | SSaleDisposed | −1,545,236 | $28.90 | −$44,657,320.4 | 0 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | CConversionAcquired | +459,380 | –F6 | – | 459,380 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | SSaleDisposed | −459,380 | $28.90 | −$13,276,082 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 1, 2024 | Class A Common Stock | CConversionDisposed | −5,663,647 | –F1 | – | 26,038,152 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | JOtherDisposed | −310,969 | –F4 | – | 25,727,183 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | CConversionDisposed | −331,737 | –F1 | – | 1,816,526 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | JOtherDisposed | −69,586 | –F5 | – | 1,746,940 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | CConversionDisposed | −1,545,236 | –F6 | – | 6,649,729 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | JOtherDisposed | −2,634 | –F9 | – | 6,647,095 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | CConversionDisposed | −459,380 | –F6 | – | 1,979,089 | Indirect | |
| Mar 1, 2024 | Class A Common Stock | JOtherDisposed | −174 | –F10 | – | 1,978,915 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Represents the exchange of Class A Common LLC Units of Dutch Mafia, LLC, a direct subsidiary of the Issuer, together with an equal number of the Issuer's Class C Common Stock for shares of the Issuer's Class A Common Stock on a one-for-one basis.
Referenced by the price of 4 transactions in Table I and 2 transactions in Table II.
- F4
Represents a pro rata distribution in kind of Class C Shares and Class A Common LLC Units. 310,969 Class C Shares and 310,969 Class A Common LLC Units were distributed to TSG7 A Management, LLC in a transaction exempt under Rule 16a-13.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F5
Represents a pro rata distribution in kind of Class C Shares and Class A Common LLC Units. 69,586 Class C Shares and 69,586 Class A Common LLC Units were distributed to TSG7 A Management, LLC in a transaction exempt under Rule 16a-13.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F6
Represents the conversion of the Issuer's Class D Common Stock into the Issuer's Class A Common Stock.
Referenced by the price of 2 transactions in Table I and 2 transactions in Table II.
- F9
Represents a pro rata distribution in kind of Class D Common Stock. 2,634 Class D Shares were distributed to TSG7 A Management, LLC in a transaction exempt under Rule 16a-13.
Referenced by the price of 1 transaction in Table II.
- F10
Represents a pro rata distribution in kind of Class D Common Stock.
Referenced by the price of 1 transaction in Table II.