DUTCH BROS INC

Ticker: BROS CUSIP: 26701L100 Class: CL A

Hudson Bay Capital Management LP's Holding History (CIK: 0001393825)

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

Q4 2025

Shares 185,067 Value ($000) $11,330 Avg Close $56.81 Range $47.16 - $65.93

Q3 2025

Shares 74,281 Value ($000) $3,888 Avg Close $63.23 Range $51.27 - $74.65

Q1 2025

Shares 48,947 Value ($000) $3,022 Avg Close $65.86 Range $52.50 - $86.88

Q4 2024

Shares 66,964 Value ($000) $3,508 Avg Close $44.12 Range $30.49 - $56.10

Q2 2024

Shares 86,469 Value ($000) $3,580 Avg Close $34.36 Range $26.85 - $42.87

Q1 2022

Shares 35,000 Value ($000) $1,934 Avg Close $51.02 Range $38.11 - $66.00

Q4 2021

Shares 123,000 Value ($000) $6,262 Avg Close $55.52 Range $41.32 - $81.40

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	185,067	$11,330	$56.81	$47.16 - $65.93
Q3 2025	74,281	$3,888	$63.23	$51.27 - $74.65
Q1 2025	48,947	$3,022	$65.86	$52.50 - $86.88
Q4 2024	66,964	$3,508	$44.12	$30.49 - $56.10
Q2 2024	86,469	$3,580	$34.36	$26.85 - $42.87
Q1 2022	35,000	$1,934	$51.02	$38.11 - $66.00
Q4 2021	123,000	$6,262	$55.52	$41.32 - $81.40