Boersma Travis

Travis Boersma's 302 Form 4 transactions are unlike any compensation-driven insider record: they document a founder's large-scale post-IPO liquidity. Every transaction belongs to Dutch Bros (BROS), the drive-through coffee chain he co-founded, and the scale is the story -- roughly 32,090,060 shares disposed since the September 2021 IPO against just 639 acquired. This is not the modest equity-comp footprint of a hired executive; it is the systematic conversion of a large founding stake into cash. The recent ledger shows the mechanism plainly: on 2026-06-10 and 2026-06-11 alone, the filings record a dozen open-market sales (code S) totaling well over a million shares, in blocks ranging from about 15,000 to about 461,000, executed at prevailing prices in the low-$60s; a similar pattern appears on 2026-05-28 near $56. The regular cadence of large, same-day block sales at market is consistent with a structured, pre-scheduled selling program rather than discretionary timing. The throughline is founder diversification at scale -- a multi-year, multi-million-share disposal of a concentrated founding position. It documents how that stake is being monetized, not a view on where Dutch Bros stock goes next.