Boersma Travis, the Executive Chairman of Dutch Bros (BROS), has filed 57 Form 4 transactions, all in a single company, with a total sell value of $480.3 million and zero open-market purchases. The recent pattern is heavily one-sided. Between May 27 and June 11, 2026, he executed 18 open-market sales (code S) totaling roughly $184 million. The largest single-day activity came on June 11, with six sales worth about $47.2 million, including individual trades of $14.6 million and $14.4 million. The June 10 filings show four sales adding up to $45.3 million, led by a $27.9 million disposition.
Earlier sales in late May were also substantial. On May 27, two trades brought in $30.6 million. May 28 added $11.5 million, and May 29 contributed $17.6 million. June 1 saw $26.1 million in two sales. The dollar values are consistent with a large shareholder steadily reducing a position, not sporadic or tax-driven moves. The filings include no code P purchases, no grants (A), and no option exercises (M) in the recent window, meaning the selling is not tied to new compensation or mechanical conversions.
The only non-sale entries are code C conversions and code J adjustments from April, both valued at zero and not indicative of a market transaction. Boersma's activity is a pure sell program, concentrated over a three-week span, with no offsetting buys. The total sell figure of $480.3 million across 57 filings, all in BROS, shows a consistent reduction in his stake. There is no recent buying bias to balance the record.
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