Keurig Dr Pepper (KDP) director Debra Sandler receives 6,062 restricted stock units

Rhea-AI Filing Summary

Sandler Debra A. reported acquisition or exercise transactions in this Form 4 filing.

Keurig Dr Pepper Inc. director Debra A. Sandler received a grant of 6,062 restricted stock units on March 4, 2026. These units were awarded at no cash cost per unit.

Subject to vesting conditions and exceptions, the restricted stock units are scheduled to vest on March 4, 2031, with each unit representing a contingent right to receive one share of Keurig Dr Pepper common stock upon vesting.

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

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

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^*

Sandler Debra A.

(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)
03/04/2026

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

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
Restricted Stock Unit	(1)	03/04/2026		A		6,062		(1)	(1)	Common Stock	6,062	$0	6,062	D

Explanation of Responses:

1. Subject to certain vesting conditions and exceptions, these restricted stock units vest on March 4, 2031. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.

Remarks:

	/s/ Mark Jackson, attorney in fact	03/06/2026
	** 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.
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FAQ

What insider transaction did KDP director Debra Sandler report on this Form 4?

Debra A. Sandler reported receiving 6,062 restricted stock units of Keurig Dr Pepper Inc. as a grant. The award is recorded as an acquisition of derivative securities, with no cash price per unit, and increases her directly held restricted stock unit balance to 6,062 units.

How many Keurig Dr Pepper (KDP) restricted stock units were granted to Debra Sandler?

Debra A. Sandler was granted 6,062 restricted stock units of Keurig Dr Pepper Inc. This entire amount is shown as acquired in a single transaction, and her total restricted stock units directly owned following the grant is also reported as 6,062 units.

When do Debra Sandler’s KDP restricted stock units reported on Form 4 vest?

The restricted stock units granted to Debra A. Sandler are scheduled to vest on March 4, 2031, subject to specified vesting conditions and exceptions. Vesting must occur before she is entitled to receive Keurig Dr Pepper common shares for each unit reported in this award.

What does each restricted stock unit in Debra Sandler’s KDP award represent?

Each restricted stock unit represents a contingent right to receive one share of Keurig Dr Pepper Inc. common stock upon vesting. This means actual shares will only be delivered if the vesting conditions are satisfied by the March 4, 2031 vesting date described.

Was Debra Sandler’s KDP Form 4 transaction a purchase or a grant of RSUs?

The Form 4 reports a grant or award acquisition of restricted stock units, not an open-market purchase. The transaction code is shown as an award-type acquisition, with a reported price of $0.0000 per unit, reflecting a compensatory equity grant to the director.

Is Debra Sandler’s ownership of KDP restricted stock units direct or indirect?

Debra A. Sandler’s reported ownership of the 6,062 restricted stock units is classified as direct. The ownership code is listed as “D” for direct, and no footnotes indicate that the units are held through another entity, trust, or related indirect ownership structure.