PETER HARF - 13 Sep 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Director
Signature: /s/ Mark Jackson, attorney in fact
Issuer symbol: KDP
Transactions as of: 13 Sep 2023
Net transactions value: -$65,929
Form type: 4
Filing time: 15 Sep 2023, 16:50:03 UTC
Previous filing: 03 May 2023
Next filing: 25 Sep 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	+6,631		$0.000000	6,631	13 Sep 2023	Direct	F1
transaction	KDP	Common Stock	Tax liability	$65,929	-1,990	-30%	$33.13	4,641	13 Sep 2023	Direct	F2
holding	KDP	Common Stock						3,619,600	13 Sep 2023	by HFS Holdings S.a.r.l.

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	-6,631	-100%	$0.000000^*	0	13 Sep 2023	Common Stock	6,631		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 September 13, 2018 and vested in full on September 13, 2023. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.