<SEC-DOCUMENT>0001104659-23-111519.txt : 20231025
<SEC-HEADER>0001104659-23-111519.hdr.sgml : 20231025
<ACCEPTANCE-DATETIME>20231025215528
ACCESSION NUMBER:		0001104659-23-111519
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20231023
FILED AS OF DATE:		20231025
DATE AS OF CHANGE:		20231025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Boersma Travis
		CENTRAL INDEX KEY:			0001883154

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40798
		FILM NUMBER:		231347320

	MAIL ADDRESS:	
		STREET 1:		C/O DUTCH BROS INC.
		STREET 2:		PO BOX 1929
		CITY:			GRANTS PASS
		STATE:			OR
		ZIP:			97528

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Dutch Bros Inc.
		CENTRAL INDEX KEY:			0001866581
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING & DRINKING PLACES [5810]
		IRS NUMBER:				871041305
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		110 SW 4TH STREET
		CITY:			GRANTS PASS
		STATE:			OR
		ZIP:			97526
		BUSINESS PHONE:		(206) 390-8860

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1929
		CITY:			GRANTS PASS
		STATE:			OR
		ZIP:			97528-0163
</SEC-HEADER>
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        <issuerCik>0001866581</issuerCik>
        <issuerName>Dutch Bros Inc.</issuerName>
        <issuerTradingSymbol>BROS</issuerTradingSymbol>
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            <rptOwnerCik>0001883154</rptOwnerCik>
            <rptOwnerName>Boersma Travis</rptOwnerName>
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            <rptOwnerStreet1>C/O DUTCH BROS INC.</rptOwnerStreet1>
            <rptOwnerStreet2>110 SW 4TH STREET</rptOwnerStreet2>
            <rptOwnerCity>GRANTS PASS</rptOwnerCity>
            <rptOwnerState>OR</rptOwnerState>
            <rptOwnerZipCode>97526</rptOwnerZipCode>
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            <isDirector>1</isDirector>
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            <isTenPercentOwner>1</isTenPercentOwner>
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            <officerTitle>Executive Chairman of Board</officerTitle>
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    <footnotes>
        <footnote id="F1">Represents Class A Common Units of Dutch Mafia, LLC (&quot;Dutch Mafia&quot;), the operating company of the Issuer.</footnote>
        <footnote id="F2">Pursuant to the Third Amended and Restated Limited Liability Company Agreement of Dutch Mafia, dated September 14, 2021, Class A Common Units of Dutch Mafia, together with an equal number of shares of Class B Common Stock of Dutch Bros Inc. (&quot;Dutch Bros&quot;) are exchangeable for shares of Class A Common Stock on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments. Upon such exchange, the associated shares of Class B Common Stock are canceled by the Issuer. The Class A Common Units of Dutch Mafia and the Class B Common Stock of Dutch Bros do not have an expiration date and the holders thereof are not required to pay an exercise price in connection with exchanges.</footnote>
        <footnote id="F3">On October 23, 2023, DM Trust Aggregator, LLC and DM Individual Aggregator, LLC respectively exchanged 2,498,631 and 1,571,369 Class A Common Units for 2,498,631 and 1,571,369 shares of Class A Common Stock of the Issuer, and the corresponding number of shares of Class B Common Stock were canceled by the Issuer.</footnote>
    </footnotes>

    <remarks>Exhibit List - Exhibit 24 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Thomas P. Conaghan, Attorney-in-Fact for Travis Boersma, Manager</signatureName>
        <signatureDate>2023-10-25</signatureDate>
    </ownerSignature>
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<FILENAME>tm2329188d3_ex24.htm
<DESCRIPTION>EXHIBIT 24
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><B>Exhibit 24</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">KNOW ALL PERSONS BY THESE
PRESENTS, that I, Travis Boersma, hereby constitute and appoint Charles Darantiere, Daniel McGuire and Thomas P. Conaghan, and each of
them, my true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution for me and in my name, place
and stead, to sign any Form ID (Uniform Application for Access Codes to File on EDGAR), reports on Form 3 (Initial Statement of Beneficial
Ownership of Securities), Form 4 (Statement of Changes in Beneficial Ownership of Securities) and Form 5 (Annual Statement of Beneficial
Ownership of Securities), and beneficial ownership reports on Schedule 13D and Schedule 13G relating to transactions by me in shares of
Class A Common Stock or other securities of Dutch Bros Inc. and all amendments thereto, and to file the same with the Securities and Exchange
Commission and the appropriate securities exchange, granting unto said attorneys-in-fact and agents, and each of them, or their substitutes,
full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as
fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, and each of them, or their substitutes, may lawfully do or cause to be done by virtue hereof. This Power of Attorney shall be
effective until such time as I deliver a written revocation thereof to the above-named attorneys-in-fact and agents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">Dated:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 44%"><FONT STYLE="font-size: 10pt">October 25, 2023</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 49%; text-align: left"><FONT STYLE="font-size: 10pt">/s/
    Travis Boersma</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Travis
    Boersma</FONT></TD></TR>
  </TABLE>


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