DUTCH BROS INC

Ticker: BROS CUSIP: 26701L100 Class: CL A

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 96,500 Value ($000) $5,908 Avg Close $56.81 Range $47.16 - $65.93

Q3 2025

Shares 96,500 Value ($000) $5,051 Avg Close $63.23 Range $51.27 - $74.65

Q2 2025

Shares 97,931 Value ($000) $6,696 Avg Close $65.23 Range $47.26 - $77.88

Q1 2025

Shares 87,550 Value ($000) $5,405 Avg Close $65.86 Range $52.50 - $86.88

Q4 2024

Shares 75,620 Value ($000) $3,961 Avg Close $44.12 Range $30.49 - $56.10

Q3 2024

Shares 38,330 Value ($000) $1,228 Avg Close $35.25 Range $26.96 - $43.49

Q2 2024

Shares 16,020 Value ($000) $663 Avg Close $34.36 Range $26.85 - $42.87

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	96,500	$5,908	$56.81	$47.16 - $65.93
Q3 2025	96,500	$5,051	$63.23	$51.27 - $74.65
Q2 2025	97,931	$6,696	$65.23	$47.26 - $77.88
Q1 2025	87,550	$5,405	$65.86	$52.50 - $86.88
Q4 2024	75,620	$3,961	$44.12	$30.49 - $56.10
Q3 2024	38,330	$1,228	$35.25	$26.96 - $43.49
Q2 2024	16,020	$663	$34.36	$26.85 - $42.87