Herbert Derek Hopkins - Sep 15, 2022 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: President, Cold Beverages
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Sep 15, 2022
Transactions value $: -$559,679
Form type: 4
Date filed: 9/19/2022, 06:29 PM
Previous filing: Jul 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KDP	Common Stock	Options Exercise	$0	+43.4K	+24.86%	$0.00	218K	Sep 15, 2022	Direct	F1
transaction	KDP	Common Stock	Tax liability	-$560K	-15K	-6.9%	$37.23	203K	Sep 15, 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KDP	Restricted Stock Unit	Options Exercise	$0	-43.4K	-25%	$0.00	130K	Sep 15, 2022	Common Stock	43.4K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Restricted Stock units convert into common stock on a one-for-one basis.
F2	Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
F3	As previously disclosed, these RSUs were granted on September 15, 2020 and vest in four equal annual installments on each anniversary date of the grant, commencing on September 15, 2022. One fourth of the RSUs vested on September 15, 2022 and were settled in shares of the Issuer's common stock pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.