Patrick Minogue - Mar 12, 2025 Form 4 Insider Report for Keurig Dr Pepper Inc. (KDP)

Role: President, US Coffee
Signature: /s/ Mark Jackson, attorney in fact
Stock symbol: KDP
Transactions as of: Mar 12, 2025
Transactions value $: -$53,808
Form type: 4
Date filed: 3/14/2025, 05:48 PM
Previous filing: Mar 7, 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	Options Exercise	$0	+3.7K	+4.96%	$0.00	78.3K	Mar 12, 2025	Direct	F1
transaction	KDP	Common Stock	Tax liability	-$53.8K	-1.64K	-2.1%	$32.81	76.6K	Mar 12, 2025	Direct	F2

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	-3.7K	-100%	$0.00	0	Mar 12, 2025	Common Stock	3.7K		Direct	F3

* 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 12, 2020 and vest in three installments as follows: 60% on March 12, 2023; 20% on March 12, 2024, and 20% on March 12, 2025. Twenty percent of the RSUs vested on March 12, 2025. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.