Justin Whitmore - Mar 3, 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Chief Strategy Officer
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Mar 3, 2023
Transactions value $: -$299,721
Form type: 4
Date filed: 3/7/2023, 04:47 PM
Previous filing: Mar 3, 2023
Next filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KDP	Common Stock	Options Exercise	$0	+20.4K	+20.48%	$0.00	120K	Mar 3, 2023	Direct	F1
transaction	KDP	Common Stock	Tax liability	-$300K	-8.68K	-7.23%	$34.55	111K	Mar 3, 2023	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	+20.4K	+50%	$0.00	61.2K	Mar 3, 2023	Common Stock	20.4K		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 March 3, 2021 and vest in four equal annual installments on each anniversary date of the grant, commencing on March 3, 2023. One fourth of the RSUs vested on March 3, 2023 and were settled in shares of the Issuer's common stock pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.