JAB BevCo B.V. - May 3, 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: 10%+ Owner
Signature: /s/ Luuk Hoogeveen, Managing Director of JAB BevCo B.V.; /s/ Leo Burgers, Managing Director of JAB BevCo B.V.
Stock symbol: KDP
Transactions as of: May 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/3/2023, 09:10 AM
Previous filing: Nov 14, 2022
Next filing: Mar 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KDP	Common Stock, par value $0.01 per share	Other		-57.5M	-13.03%		383M	May 3, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 3, 2023, JAB Coffee & Beverages B.V. ("JAB C&B") entered into an agreement with an affiliate of JAB Consumer Partners SCA SICAR ("JCP"), pursuant to which JAB C&B agreed to distribute 57,465,170 shares of common stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to such affiliate of JCP (the "Distribution"). The Distribution reflects the final distribution of Shares to over 45 limited partners of JCP. Following the Distribution, JAB BevCo B.V. will own 383.4 million Shares as a long-term anchor shareholder.
F2	These Shares are held by JAB BevCo B.V., a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed a beneficial owner of Shares held by JAB BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

Content

On May 3, 2023, JAB Coffee & Beverages B.V. ("JAB C&B") entered into an agreement with an affiliate of JAB Consumer Partners SCA SICAR ("JCP"), pursuant to which JAB C&B agreed to distribute 57,465,170 shares of common stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to such affiliate of JCP (the "Distribution"). The Distribution reflects the final distribution of Shares to over 45 limited partners of JCP. Following the Distribution, JAB BevCo B.V. will own 383.4 million Shares as a long-term anchor shareholder.

These Shares are held by JAB BevCo B.V., a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed a beneficial owner of Shares held by JAB BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.