Mauricio Leyva - 13 Mar 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Group President
Signature: /s/ Mark Jackson, attorney in fact
Issuer symbol: KDP
Transactions as of: 13 Mar 2023
Net transactions value: -$984,722
Form type: 4
Filing time: 15 Mar 2023, 18:46:22 UTC
Previous filing: 03 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	+57,416	+20%	$0.000000	349,262	13 Mar 2023	Direct	F1
transaction	KDP	Common Stock	Tax liability	$984,722	-28,751	-8.2%	$34.25	320,511	13 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	-57,416	-60%	$0.000000	38,278	13 Mar 2023	Common Stock	57,416		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 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.