A. Sceppaguercio Gever - 24 Mar 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Chief Corp. Affairs Officer
Signature: /s/ Mark Jackson, attorney in fact
Issuer symbol: KDP
Transactions as of: 24 Mar 2023
Net transactions value: -$540,241
Form type: 4
Filing time: 28 Mar 2023, 17:05:17 UTC
Previous filing: 15 Mar 2023
Next filing: 09 May 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	+34,203	+24%	$0.000000	177,048	24 Mar 2023	Direct	F1
transaction	KDP	Common Stock	Tax liability	$540,241	-15,493	-8.8%	$34.87	161,555	24 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	-34,203	-100%	$0.000000^*	0	24 Mar 2023	Common Stock	34,203		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 August 24, 2018 and vested in full on March 24, 2023. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.