Roger Frederick Johnson - Jul 3, 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Chief Supply Chain Officer
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Jul 3, 2023
Transactions value $: -$316,211
Form type: 4
Date filed: 7/6/2023, 04:29 PM
Previous filing: May 5, 2023
Next filing: Sep 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KDP	Common Stock	Options Exercise	$0	+22.7K	+23.57%	$0.00	119K	Jul 3, 2023	Direct	F1
transaction	KDP	Common Stock	Tax liability	-$316K	-10K	-8.46%	$31.47	109K	Jul 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	+22.7K		$0.00^*	0	Jul 3, 2023	Common Stock	22.7K		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	These RSUs were acquired by the reporting person as a result of the conversion of restricted stock units of Maple Parent Holdings Corp. ("Maple") to restricted stock units of the Issuer pursuant to the Agreement and Plan of Merger, dated as of January 29, 2018, by and among Maple, Dr Pepper Snapple Group, Inc. and Salt Merger Sub, Inc. The RSUs vested in full on July 3, 2023.