Robert James Gamgort - Jul 26, 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: Executive Chairman, Director
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Jul 26, 2024
Transactions value $: -$1,641,114
Form type: 4
Date filed: 7/30/2024, 06:11 PM
Previous filing: Mar 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KDP	Common Stock	Options Exercise	$0	+129K	+3.73%	$0.00	3.59M	Jul 26, 2024	Direct	F1, F2
transaction	KDP	Common Stock	Tax liability	-$1.64M	-48.6K	-1.36%	$33.74	3.54M	Jul 26, 2024	Direct	F3
holding	KDP	Common Stock						575K	Jul 26, 2024	By GRAT
holding	KDP	Common Stock						172K	Jul 26, 2024	By 2024 GRAT

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	-129K	-100%	$0.00^*	0	Jul 26, 2024	Common Stock	129K		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis
F2	Reflects shares transferred between the reporting person and a grantor retained annuity trust, which was exempt from reporting pursuant to Rule 16a-13.
F3	Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3
F4	As previously disclosed, these RSUs were granted on July 29, 2022 and vested in full on July 26, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.