Justin Whitmore - 03 Mar 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Chief Strategy Officer
Signature: /s/ Mark Jackson, attorney in fact
Issuer symbol: KDP
Transactions as of: 03 Mar 2023
Net transactions value: -$299,721
Form type: 4
Filing time: 07 Mar 2023, 16:47:08 UTC
Previous filing: 03 Mar 2023
Next filing: 05 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KDP	Common Stock	Options Exercise	$0	+20,412	+20%	$0.000000	120,063	03 Mar 2023	Direct	F1
transaction	KDP	Common Stock	Tax liability	$299,721	-8,675	-7.2%	$34.55	111,388	03 Mar 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	+20,412	+50%	$0.000000	61,234	03 Mar 2023	Common Stock	20,412		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.