Matthew Andrew Archambault - Sep 13, 2023 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: President, Commercial
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Sep 13, 2023
Transactions value $: -$1,920,862
Form type: 4
Date filed: 9/15/2023, 05:39 PM
Previous filing: May 12, 2023
Next filing: Nov 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KDP	Common Stock	Options Exercise	$0	+40K	+97.85%	$0.00	80.9K	Sep 13, 2023	Direct	F1
transaction	KDP	Common Stock	Tax liability	-$576K	-17.4K	-23.45%	$33.13	56.8K	Sep 13, 2023	Direct	F2, F3
transaction	KDP	Common Stock	Sale	-$1.34M	-40K	-70.42%	$33.61	16.8K	Sep 15, 2023	Direct	F4

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	-40K	-100%	$0.00^*	0	Sep 13, 2023	Common Stock	40K		Direct	F1, F5

* 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 6,678 shares in a transaction exempt from Section 16 pursuant to Rule 16a-12.
F4	The price represents the weighted average sales price of the shares that were sold in multiple transactions at prices ranging from $33.46 to $33.76. The reporting person undertakes to provide to the Company, any security holder of the Company or the SEC, upon request, full information regarding the number of shares sold at each separate price.
F5	As previously disclosed, these RSUs represent matching restricted stock units ("Matching RSUs") granted to the Reporting Person in connection with the Issuer's Elite Investment Program. These Matching RSUs were granted on September 13, 2018 and vested in full on September 13, 2023 ("Vesting Date"). The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.