=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-20
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Keurig Dr Pepper Inc. (KDP)
CIK: 0001418135
--- Reporting Owner ---
Name: Cofer Timothy P.
CIK: 0001526722
Role: Director, Officer (CEO & President)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-05-20 | Code: M (Exercise of derivative)
Shares: +88,106 | Price: $0.00
Shares Owned After: 88,106 | Ownership: D (Direct)
Footnotes:
[F1] Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
[Transaction #2]
Security: Common Stock
Date: 2026-05-20 | Code: F (Payment of exercise/tax)
Shares: -34,670 | Price: $28.69
Total Value: $994,682.30
Shares Owned After: 53,436 | Ownership: D (Direct)
Footnotes:
[F2] Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Unit
Date: 2026-05-20 | Code: M (Exercise of derivative)
Shares: -88,106 | Price: $0.00
Shares Owned After: 66,079 | Ownership: D (Direct)
Footnotes:
[F4] As previously disclosed, these RSUs were granted on November 20, 2023, and vest in three installments as follows: 30% on May 20, 2025; 40% on May 20, 2026; and 30% on May 20, 2027. The RSUs converted into common stock on a one-for-one basis pursuant to Issuer's Omnibus Stock Incentive Plan.
[F4] As previously disclosed, these RSUs were granted on November 20, 2023, and vest in three installments as follows: 30% on May 20, 2025; 40% on May 20, 2026; and 30% on May 20, 2027. The RSUs converted into common stock on a one-for-one basis pursuant to Issuer's Omnibus Stock Incentive Plan.
[F4] As previously disclosed, these RSUs were granted on November 20, 2023, and vest in three installments as follows: 30% on May 20, 2025; 40% on May 20, 2026; and 30% on May 20, 2027. The RSUs converted into common stock on a one-for-one basis pursuant to Issuer's Omnibus Stock Incentive Plan.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
[Holding #2]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F3] Reflects shares transferred between the reporting person and a trust, which was exempt from reporting pursuant to Rule 16a-13.
--- Footnotes (Complete Index) ---
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: Reflects shares transferred between the reporting person and a trust, which was exempt from reporting pursuant to Rule 16a-13.
F4: As previously disclosed, these RSUs were granted on November 20, 2023, and vest in three installments as follows: 30% on May 20, 2025; 40% on May 20, 2026; and 30% on May 20, 2027. The RSUs converted into common stock on a one-for-one basis pursuant to Issuer's Omnibus Stock Incentive Plan.
--- Signature ---
/s/ /s/ Mark Jackson, attorney in fact (2026-05-22)
