X0508 4 2024-03-26 0 0001866581 Dutch Bros Inc. BROS 0001882776 TSG7 A Management LLC C/O TSG CONSUMER PARTNERS, 4 ORINDA WAY, SUITE 150-B ORINDA CA 94563 0 0 1 0 0001883107 Dutch Holdings LLC C/O TSG CONSUMER PARTNERS 4 ORINDA WAY, SUITE 150-B ORINDA CA 94563 0 0 1 0 0001882774 TSG7 A AIV VI, L.P. C/O TSG CONSUMER PARTNERS 4 ORINDA WAY, SUITE 150-B ORINDA CA 94563 0 0 1 0 0001882775 TSG7 A AIV VI Holdings-A, L.P. C/O TSG CONSUMER PARTNERS 4 ORINDA WAY, SUITE 150-B ORINDA CA 94563 0 0 1 0 0001882834 DG Coinvestor Blocker Aggregator, L.P. C/O TSG CONSUMER PARTNERS 4 ORINDA WAY, SUITE 150-B ORINDA CA 94563 0 0 1 0 0 Class C Common Stock 2024-03-26 4 J 0 5664343 D 20062840 I By Dutch Holdings, LLC Class A Common Stock 2024-03-26 4 C 0 5664343 A 5682393 I By Dutch Holdings, LLC Class A Common Stock 2024-03-26 4 S 0 5664343 33.875 D 18050 I By Dutch Holdings, LLC Class C Common Stock 2024-03-26 4 J 0 315165 D 19747675 I By Dutch Holdings, LLC Class C Common Stock 2024-03-26 4 J 0 324735 D 1422205 I By TSG7 A AIV VI, L.P. Class A Common Stock 2024-03-26 4 C 0 324735 A 324735 I By TSG7 A AIV VI, L.P. Class A Common Stock 2024-03-26 4 S 0 324735 33.875 D 0 I By TSG7 A AIV VI, L.P. Class C Common Stock 2024-03-26 4 J 0 68117 D 1354088 I By TSG7 A AIV VI, L.P. Class A Common Stock 2024-03-26 4 C 0 1551187 A 1551187 I TSG7 A AIV VI Holdings-A, L.P. Class A Common Stock 2024-03-26 4 S 0 1551187 33.875 D 0 I TSG7 A AIV VI Holdings-A, L.P. Class A Common Stock 2024-03-26 4 C 0 459735 A 459735 I By DG Coinvestor Blocker Aggregator, L.P. Class A Common Stock 2024-03-26 4 S 0 459735 33.875 D 0 I By DG Coinvestor Blocker Aggregator, L.P. Class A Common LLC Units 2024-03-26 4 C 0 5664343 D Class A Common Stock 5664343 20062840 I By Dutch Holdings, LLC Class A Common LLC Units 2024-03-26 4 J 0 315165 D Class A Common Stock 315165 19747675 I By Dutch Holdings, LLC Class A Common LLC Units 2024-03-26 4 C 0 324735 D Class A Common Stock 324735 1422205 I By TSG7 A AIV VI, L.P. Class A Common LLC Units 2024-03-26 4 J 0 68117 D Class A Common Stock 68117 1354088 I By TSG7 A AIV VI, L.P. Class D Common Stock 2024-03-26 4 C 0 1551187 D Class A Common Stock 1551187 5095908 I By TSG7 A AIV VI Holdings-A, L.P. Class D Common Stock 2024-03-26 4 J 0 6367 D Class A Common Stock 6367 5089541 I By TSG7 A AIV VI Holdings-A, L.P. Class D Common Stock 2024-03-26 4 C 0 459735 D Class A Common Stock 459735 1519180 I By DG Coinvestor Blocker Aggregator, L.P. Class D Common Stock 2024-03-26 4 J 0 174 D Class A Common Stock 174 1519006 I By DG Coinvestor Blocker Aggregator, L.P. 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. TSG7 A Management, LLC is the general partner of TSG7 A AIV VI, L.P and the manager of manager of TSG7 A VI Holdings - A, L.P., DG Coinvestor Blocker Aggregator, L.P., and Dutch Group Holdings, LLC, which is the sole member and manager of Dutch Holdings, LLC. By virtue of the foregoing relationships, TSG7 A Management, LLC may be deemed to indirectly beneficially own the securities that are directly held by TSG7 A AIV VI, L.P. TSG7 A VI Holdings - A, L.P., DG Coinvestor Blocker Aggregator, L.P., and Dutch Holdings, LLC. Voting and investment decisions by TSG7 A Management, LLC with respect to such securities are made by a committee of three or more individuals, none of whom individually has the power to direct such decisions. (Continued from footnote 2) . Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest, if any, therein. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners. Represents a pro rata distribution in kind of Class C Shares and Class A Common LLC Units. 315,165 Class C Shares and 315,165 Class A Common LLC Units were distributed to TSG7 A Management, LLC in a transaction exempt under Rule 16a-13. Represents a pro rata distribution in kind of Class C Shares and Class A Common LLC Units. 68,117 Class C Shares and 68,117 Class A Common LLC Units were distributed to TSG7 A Management, LLC in a transaction exempt under Rule 16a-13. Represents the conversion of the Issuer's Class D Common Stock into the Issuer's Class A Common Stock. Represents Class A Common LLC Units of Dutch Mafia, LLC, a direct subsidiary of the Issuer. The Class A Common LLC Units and an equal number of shares of the Issuer's Class C Common Stock, together are exchangeable for shares of the Issuer's Class A Common Stock on a one-for-one basis at the discretion of the holder, subject to certain exceptions, conditions and adjustments, and have no expiration date. Upon sale of Class A Common LLC Units the associated shares of Class C Common Stock will be surrendered and cancelled. The Class D Common Stock of the Issuer may be converted into shares of Class A Common Stock on a one-to-one basis at the discretion of the holder and has no expiration date. Represents a pro rata distribution in kind of Class D Common Stock. 6,367 Class D Shares were distributed to TSG7 A Management, LLC in a transaction exempt under Rule 16a-13. Represents a pro rata distribution in kind of Class D Common Stock. By: /s/ Drew Weilbacher as Chief Compliance Officer 2024-03-28 By: /s/ Drew Weilbacher as Chief Compliance Officer 2024-03-28 By: /s/ Drew Weilbacher as Chief Compliance Officer 2024-03-28 By: /s/ Drew Weilbacher as Chief Compliance Officer 2024-03-28 By: /s/ Drew Weilbacher as Chief Compliance Officer 2024-03-28