<SEC-DOCUMENT>0001866581-25-000230.txt : 20251112
<SEC-HEADER>0001866581-25-000230.hdr.sgml : 20251112
<ACCEPTANCE-DATETIME>20251112162056
ACCESSION NUMBER:		0001866581-25-000230
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251112
DATE AS OF CHANGE:		20251112

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Dutch Bros Inc.
		CENTRAL INDEX KEY:			0001866581
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING & DRINKING PLACES [5810]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				871041305
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93124
		FILM NUMBER:		251473112

	BUSINESS ADDRESS:	
		STREET 1:		1930 W RIO SALADO PKWY
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
		BUSINESS PHONE:		(877) 899-2767

	MAIL ADDRESS:	
		STREET 1:		1930 W RIO SALADO PKWY
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281

FILED BY:		

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

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	MAIL ADDRESS:	
		STREET 1:		C/O DUTCH BROS INC.
		STREET 2:		1930 W RIO SALADO PKWY
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <!-- Generated by Workiva -->
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001883154</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>6</amendmentNo>
      <securitiesClassTitle>Class A Common Stock, $0.00001 par value per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001866581</issuerCik>
        <issuerName>Dutch Bros Inc.</issuerName>
        <issuerCusip>26701L100</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1930 W. Rio Salado Pkwy</com:street1>
          <com:city>Tempe</com:city>
          <com:stateOrCountry>AZ</com:stateOrCountry>
          <com:zipCode>85281</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Travis Boersma</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>50726099.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>50726099.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>50726099.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>28.9</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>For additional information regarding rows 5 through 11, see Exhibit 99.1 hereto.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>DMI Holdco, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>713760.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>713760.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>713760.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>0.6</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>For additional information regarding rows 5 through 11, see Exhibit 99.1 hereto.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>DM Trust Aggregator, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>30703297.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>30703297.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>30703297.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>19.7</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>For additional information regarding rows 5 through 11, see Exhibit 99.1 hereto.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>DM Individual Aggregator, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>19309042.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>19309042.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>19309042.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>13.3</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>For additional information regarding rows 5 through 11, see Exhibit 99.1 hereto.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Dutch Bros Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1930 W. Rio Salado Pkwy, Tempe, AZ, 85281</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>The persons filing this statement are Travis Boersma, DM Trust Aggregator, LLC, DM Individual Aggregator, LLC, and DMI Holdco, LLC. Together, Travis Boersma, DM Trust Aggregator, LLC, DM Individual Aggregator, LLC, and DMI Holdco, LLC are the "Reporting Persons."</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>c/o Dutch Bros Inc.
1930 W. Rio Salado Pkwy
Tempe, AZ, 85281</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Travis Boersma is a United States citizen.
DM Trust Aggregator, LLC is a Delaware limited liability company.
DM Individual Aggregator, LLC is a Delaware limited liability company.
DMI Holdco, LLC, is a Delaware limited liability company.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>See Exhibit 99.1 hereto.</amountBeneficiallyOwned>
        <classPercent>See Exhibit 99.1 hereto.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>See Exhibit 99.1 hereto.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>See Exhibit 99.1 hereto.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>See Exhibit 99.1 hereto.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>See Exhibit 99.1 hereto.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <exhibitInfo>Exhibit 99.1 - Additional Information

Joint Filing Agreement (incorporated herein by reference to Exhibit 99.1 to the Schedule 13G filed with the SEC by the Reporting Persons on February 11, 2022)

Power of Attorney (incorporated herein by reference to Exhibit 99.2 to the Schedule 13G/A filed with the SEC by the Reporting Persons on February 14, 2024)</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Travis Boersma</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Thomas P. Conaghan, Attorney-in-Fact</signature>
        <title>Travis Boersma</title>
        <date>11/12/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>DMI Holdco, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Thomas P. Conaghan</signature>
        <title>Thomas P. Conaghan/Attorney-in-Fact for Travis Boersma, Manager</title>
        <date>11/12/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>DM Trust Aggregator, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Thomas P. Conaghan</signature>
        <title>Thomas P. Conaghan/Attorney-in-Fact for Travis Boersma, Manager</title>
        <date>11/12/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>DM Individual Aggregator, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Thomas P. Conaghan</signature>
        <title>Thomas P. Conaghan/Attorney-in-Fact for Travis Boersma, Manager</title>
        <date>11/12/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991travsch13ganovem.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2025 Workiva -->
<title>Document</title></head><body><div id="i4964dfc08326427988f01aca962bc092_1"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:8pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:134%;text-decoration:underline">Exhibit 99.1</font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:134%">Reporting Person&#58; </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:134%">Travis Boersma</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Numbers presented in rows 5 through 9 consist of (i)(x) 455,276 Class A common units (&#8220;Class A Common Units&#8221;) of Dutch Mafia, LLC, a Delaware limited liability company and a direct subsidiary of the Issuer (&#8220;Dutch Mafia&#8221;) (paired with an equal number of shares of Class B common stock of the Issuer (&#8220;Class B Common Stock,&#8221; and such Class A Common Units paired with shares of Class B Common Stock, &#8220;Paired Units&#8221;)), which are convertible into shares of Class A common stock of the Issuer (&#8220;Class A Common Stock&#8221;) upon the corresponding surrender and cancellation of an equal number of shares of Class B Common Stock, held by DMI Holdco, LLC, a Delaware limited liability company (&#8220;DMI Holdco&#8221;) and (y) 258,484 Class A Common Units (such Class A Units were previously paired with an equal number of shares of Class B Common Stock, which were transferred and surrendered to the Issuer for no consideration pursuant to that certain Share Surrender Agreement, dated May 16, 2024 (such Class A Common Units that are not paired with shares of Class B Common Stock, &#8220;Decoupled Units&#8221;)), which are convertible into shares of Class A Common Stock, held by DMI Holdco&#59; (ii)(x) 1,550,396 shares of Class A Common Stock held by DM Trust Aggregator, LLC, a Delaware limited liability company (&#8220;DM Trust Aggregator&#8221;), (y) 20,598,536 Paired Units, which are convertible into shares of Class A Common Stock upon the corresponding surrender and cancellation of an equal number of shares of Class B Common Stock, held by DM Trust Aggregator, and (z) 8,554,365 Decoupled Units, which are convertible into shares of Class A Common Stock, held by DM Trust Aggregator&#59; and (iii)(x) 975,031 shares of Class A Common Stock held by DM Individual Aggregator, LLC, a Delaware limited liability company (&#8220;DM Individual Aggregator&#8221;), (y) 14,157,134 Paired Units, which are convertible into shares of Class A Common Stock upon the corresponding surrender and cancellation of an equal number of shares of Class B Common Stock, held by DM Individual Aggregator, and (z) 4,176,877 Decoupled Units, which are convertible into shares of Class A Common Stock, held by DM Individual Aggregator, for which Travis Boersma is deemed to have the power to direct the disposition and vote of the shares.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The percentage presented in row 11 is calculated based on 127,031,344 shares of Class A Common Stock outstanding as of October 31, 2025 and assuming the conversion of (i) 35,210,946 Paired Units into 35,210,946 shares of Class A Common Stock and the corresponding surrender and cancellation of 35,210,946 shares of Class B Common Stock and (ii) 12,989,726 Decoupled Units into 12,989,726 shares of Class A Common Stock.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Reporting Person&#58; </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DMI Holdco, LLC</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Numbers presented in rows 5 through 9 consist of (x) 455,276 Paired Units which are convertible into shares of Class A Common Stock upon the corresponding surrender and cancellation of 455,276 shares of Class B Common Stock, and (y) 258,484 Decoupled Units, which are convertible into shares of Class A Common Stock.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The percentage presented in row 11 is calculated based on 127,031,344 shares of Class A Common Stock outstanding as of October&#160;31, 2025 and assuming the conversion of (x) 455,276 Paired Units into 455,276 shares of Class A Common Stock and the corresponding surrender and cancellation of 455,276 shares of Class B Common Stock and (y) 258,484 Decoupled Units into 258,484 shares of Class A Common Stock.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Reporting Person&#58; </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DM Trust Aggregator, LLC</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Numbers presented in rows 5 through 9 consist </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(x) 1,550,396 shares of Class A Common Stock, (y) 20,598,536 Paired Units, which are convertible into shares of Class A Common Stock upon the corresponding surrender and cancellation of 20,598,536 shares of Class B Common Stock, and (z) 8,554,365 Decoupled Units, which are convertible into shares of Class A Common Stock.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The percentage presented in row 11 is calculated based on 127,031,344 shares of Class A Common Stock outstanding as of October&#160;31, 2025 and assuming the conversion of (x) 20,598,536 Paired Units into 20,598,536 shares of Class A Common Stock and the corresponding surrender and cancellation of 20,598,536 shares of Class B Common Stock and (y) 8,554,365 Decoupled Units into 8,554,365 shares of Class A Common Stock.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Reporting Person&#58; </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">DM Individual Aggregator, LLC</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Numbers presented in rows 5 through 9 consist </font><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(x) 975,031 shares of Class A Common Stock, (y) 14,157,134 Paired Units, which are convertible into shares of Class A Common Stock upon the corresponding surrender and cancellation of 14,157,134 shares of Class B Common Stock, and (z) 4,176,877 Decoupled Units, which are convertible into shares of Class A Common Stock.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The percentage presented in row 11 is calculated based on 127,031,344 shares of Class A Common Stock outstanding as of October&#160;31, 2025 and assuming the conversion of (x) 14,157,134 Paired Units into 14,157,134 shares of Class A Common Stock and the corresponding surrender and cancellation of 14,157,134 shares of Class B Common Stock and (y) 4,176,877 Decoupled Units into 4,176,877 shares of Class A Common Stock.</font></div><div style="margin-bottom:8pt"><font><br></font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:134%;text-decoration:underline">Item 4</font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:134%">Pursuant to the Fifth Amended and Restated Limited Liability Company Agreement of Dutch Mafia, dated February 7, 2025 (the &#8220;Dutch Mafia Limited Liability Company Agreement&#8221;), at the option of the holder, Class A Common Units may be redeemed or exchanged for shares of Class A Common Stock on a one-for-one basis and are included in the amounts of Class A Common Stock beneficially owned, provided that in the case of Paired Units, an equal number of shares of Class B Common Stock shall be surrendered to and cancelled by the Issuer upon such redemption or exchange, in accordance with the terms and procedures set forth in the Dutch Mafia Limited Liability Company Agreement. Multiple members hold ownership interests in DMI Holdco, LLC, DM Individual Aggregator, LLC, and DM Trust Aggregator, LLC, including Mr. Boersma. Mr. Boersma disclaims beneficial ownership of the securities held by DMI Holdco, LLC, DM Individual Aggregator, LLC, and DM Trust Aggregator, LLC except to the extent of Mr. Boersma&#8217;s pecuniary interest in such securities.</font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:134%">Travis Boersma</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:90pt;text-align:justify;text-indent:-90pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(a)&#160;Amount beneficially owned&#58; 50,726,099</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:90pt;text-align:justify;text-indent:-90pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(b)&#160;Percent of class&#58; 28.9%</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:90pt;text-align:justify;text-indent:-90pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(c)&#160;Number of shares as to which such person has&#58; </font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(i)&#160;Sole power to vote or to direct the vote&#58; 50,726,099</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(ii)&#160;Shared power to vote or to direct the vote&#58; 0</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(iii)&#160;Sole power to dispose or to direct the disposition of&#58;&#160;50,726,099</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(iv)&#160;Shared power to dispose or to direct the disposition of&#58;&#160; 0</font></div><div><font style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:134%">DMI Holdco, LLC</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:90pt;text-align:justify;text-indent:-90pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(a)&#160;Amount beneficially owned&#58; 713,760</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:90pt;text-align:justify;text-indent:-90pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(b)&#160;Percent of class&#58; 0.6%</font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:90pt;text-align:justify;text-indent:-90pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(c)&#160;Number of shares as to which such person has&#58; </font></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;(i)&#160;Sole power to vote or to direct the vote&#58; 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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
