Robert James Gamgort - 04 Mar 2024 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: CEO & Executive Chairman, Director
Signature: /s/ Mark Jackson, attorney in fact
Issuer symbol: KDP
Transactions as of: 04 Mar 2024
Transactions value $: $1,515,383
Form type: 4
Filing time: 05 Mar 2024, 18:58:50 UTC
Previous filing: 18 Jan 2024
Next filing: 14 Mar 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	+92.1K	+3.26%	$0.00	2.92M	04 Mar 2024	Direct	F1
transaction	KDP	Common Stock	Options Exercise	$0	+211K	+7.24%	$0.00	3.13M	04 Mar 2024	Direct	F1
transaction	KDP	Common Stock	Tax liability	-$3.48M	-120K	-3.83%	$29.10	3.01M	04 Mar 2024	Direct	F2
transaction	KDP	Common Stock	Purchase	$5M	+172K	+5.71%	$29.10	3.18M	05 Mar 2024	Direct
holding	KDP	Common Stock						1M	04 Mar 2024	By 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	-92.1K	-60%	$0.00	61.4K	04 Mar 2024	Common Stock	92.1K		Direct	F3
transaction	KDP	Restricted Stock Unit	Options Exercise	$0	-211K	-100%	$0.00^*	0	04 Mar 2024	Common Stock	211K		Direct	F4
transaction	KDP	Restricted Stock Unit	Award	$0	+162K		$0.00	162K	04 Mar 2024	Common Stock	162K		Direct	F5

* 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	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 March 3, 2021 and vest in three installments as follows: 60% on March 3, 2024; 20% on March 3, 2025, and 20% on March 3, 2026. Sixty percent of the RSUs vested on March 4, 2024, the first trading day following March 3, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
F4	As previously disclosed, these RSUs were granted on March 4, 2019 and vested in full on March 4, 2024. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.
F5	Subject to certain vesting conditions and exceptions, these RSUs vest in three installments as follows: 60% on March 4, 2027; 20% on March 4, 2028, and 20% on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.