JAB BevCo B.V. - Feb 26, 2025 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: 10%+ Owner
Signature: /s/ Sebastiaan Wolvers, Managing Director of JAB BevCo B.V.; /s/ Leo Burgers, Managing Director of JAB BevCo B.V.
Stock symbol: KDP
Transactions as of: Feb 26, 2025
Transactions value $: -$2,740,967,500
Form type: 4
Date filed: 2/28/2025, 07:38 PM
Previous filing: Jan 31, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KDP	Common Stock, par value $0.01 per share	Sale	-$2.74B	-84M	-38.5%	$32.65	134M	Feb 26, 2025	Direct	F1, F2

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

JAB BevCo B.V. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On February 28, 2025, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to J.P. Morgan Securities LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of February 26, 2025, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.
F2	These Shares are held by JAB BevCo B.V., a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed a beneficial owner of Shares held by JAB BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.