JAB Holdings B.V. - Mar 5, 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: 10%+ Owner
Signature: /s/ Sebastiaan Wolvers, Managing Director of JAB Holdings B.V.; /s/ Frank Engelen, Managing Director of JAB Holdings B.V.
Stock symbol: KDP
Transactions as of: Mar 5, 2024
Transactions value $: -$1,501,543,486
Form type: 4
Date filed: 3/7/2024, 07:46 PM
Previous filing: Oct 4, 2023
Next filing: Mar 18, 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	Sale	-$1.5B	-52M	-13.55%	$28.90	331M	Mar 5, 2024	Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	On March 5, 2024, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to Morgan Stanley & Co. LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of February 29, 2024, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.
F2	These Shares are held by JAB BevCo B.V., an 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.
F3	Due to the limitations of the electronic filing system certain Reporting Persons are filing a separate Form 4.

Remarks:

Form 2 of 2