M. Andrew Archambault - 13 Mar 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: President, Commercial
Signature: /s/ Mark Jackson, attorney in fact
Issuer symbol: KDP
Transactions as of: 13 Mar 2023
Net transactions value: -$109,223
Form type: 4
Filing time: 15 Mar 2023, 18:37:03 UTC
Previous filing: 09 Mar 2023
Next filing: 28 Mar 2023
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	+11,092	+28%	$0.000000	51,099	13 Mar 2023	Direct	F1
transaction	KDP	Common Stock	Tax liability	$109,223	-3,189	-6.4%	$34.25	46,367	13 Mar 2023	Direct	F2, F3

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	-11,092	-60%	$0.000000	7,395	13 Mar 2023	Common Stock	11,092		Direct	F1, F4

* 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	Amount of securities beneficially owned following reported transaction reflects the transfer of 1,543 shares in a transaction exempt from Section 16 pursuant to Rule 16a-12.
F4	As previously disclosed, these RSUs were granted on March 12, 2020 and vest in three installments as follows: 60% on March 12, 2023; 20% on March 12, 2024, and 20% on March 12, 2025. Sixty percent of the RSUs vested on March 13, 2023, the first trading day following March 12, 2023. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.