[Form 4] Keurig Dr Pepper Inc. Insider Trading Activity

Rhea-AI Filing Summary

Robert James Gamgort, a director and officer of Keurig Dr Pepper Inc. (KDP), reported the sale of 7,601 shares of KDP common stock on 08/20/2025 at a weighted average price of $35.91 per share under a Rule 10b5-1 trading plan adopted on 10/30/2024. Following the sale, the filing shows 2,284,568 shares held directly and additional indirect holdings of 574,900 shares by the 2023 Trust and 102,142 shares by the 2024 Trust. The sale was reported on Form 4 and signed by an attorney in fact on 08/22/2025.

Positive

• Sale executed under a documented Rule 10b5-1 trading plan, indicating a pre-established compliance mechanism
• Filing discloses specific weighted average sale price ($35.91) and price range ($35.90–$35.93) and offers to provide per-price quantities on request
• Substantial remaining holdings with 2,284,568 shares direct and 677,042 shares indirect across two trusts

Negative

• Reporting person disposed of 7,601 shares, reducing direct holdings by that amount

Insights

Securities Analyst

TL;DR: Insider sold a small portion of holdings under a pre-established 10b5-1 plan; remaining direct and indirect ownership remains sizable.

The Form 4 discloses a routine disposition of 7,601 shares executed pursuant to a Rule 10b5-1 plan adopted on 10/30/2024, which provides an affirmative defense to insider trading claims when properly established. The weighted average sale price is reported as $35.91, with prices in the range $35.90 to $35.93. After the transaction, the reporting person retains 2,284,568 shares directly plus 677,042 shares indirectly via two trusts. This transaction appears procedural and does not, by itself, signal a material change in control or ownership concentration.

Corporate Governance Expert

TL;DR: Use of a documented 10b5-1 plan indicates compliance with insider trading controls and transparent reporting.

The filing explicitly states the sale was effected under a 10b5-1 trading plan adopted 10/30/2024 and includes a commitment to provide details of per-price share quantities on request. The Form 4 was timely signed by an attorney in fact, and the report lists both direct and trust-held indirect positions. From a governance perspective, the disclosure aligns with expected insider reporting practices and provides necessary detail for stakeholders to assess insider trading legitimacy.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gamgort Robert James

(Last) (First) (Middle)

6425 HALL OF FAME LANE

(Street)

FRISCO TX 75034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Keurig Dr Pepper Inc. [ KDP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/20/2025		S(1)		7,601	D	$35.91(2)	2,284,568	D
Common Stock								574,900	I	By 2023 Trust
Common Stock								102,142	I	By 2024 Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 30, 2024.

2. The price represents the weighted average sales price of the shares that were sold in multiple transactions at prices ranging from $35.90 to $35.93. The reporting person undertakes to provide to the Company, any security holder of the Company or the SEC, upon request, full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Mark Jackson, attorney in fact	08/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did KDP insider Robert Gamgort report on Form 4?

The Form 4 reports a sale of 7,601 shares of Keurig Dr Pepper common stock executed on 08/20/2025 at a weighted average price of $35.91 per share.

Was the sale executed under a 10b5-1 trading plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 10/30/2024.

How many KDP shares does the reporting person own after the transaction?

Following the reported sale the filing shows 2,284,568 shares held directly and indirect holdings of 574,900 shares by the 2023 Trust and 102,142 shares by the 2024 Trust.

What price range did the shares sell for?

The filing states transactions occurred at prices ranging from $35.90 to $35.93, with a weighted average price of $35.91.

When was the Form 4 signed and filed?

The signature on the Form 4 by an attorney in fact is dated 08/22/2025.