TAP Form 4: CEO Rahul Goyal Receives 43,450 RSUs Vesting 2028

Rhea-AI Filing Summary

Rahul Goyal, listed as President & CEO and a director, reported receipt of 43,450 Class B common shares on 10/01/2025 under the company's incentive plan. The grant was recorded at a price of $0 and increases his total beneficial ownership to 64,402 Class B shares. The restricted stock unit award will vest in full on 10/01/2028, per the filing. The form was signed on behalf of the reporting person by an attorney-in-fact on 10/03/2025.

Positive

• 43,450 restricted stock units granted to the CEO, indicating continued executive equity participation
• Post‑transaction beneficial ownership increased to 64,402 Class B shares

Negative

• None.

Insights

Corporate Governance Analyst

CEO received a time‑vested RSU grant of 43,450 shares, increasing ownership to 64,402.

The filing documents a non‑cash grant of 43,450 Class B shares under the Amended and Restated Incentive Compensation Plan that will vest in full on 10/01/2028. This is a standard form of long‑term equity compensation aligning the executive with shareholder interests over a multi‑year period.

The report shows the post‑transaction beneficial ownership at 64,402 Class B shares. The transaction was recorded at a price of $0, consistent with restricted stock units rather than an open‑market purchase. The form was executed by an attorney‑in‑fact on 10/03/2025.

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

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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).

1. Name and Address of Reporting Person^*

Goyal Rahul

(Last) (First) (Middle)

P.O. BOX 4030

BC555

(Street)

GOLDEN CO 80401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MOLSON COORS BEVERAGE CO [ TAP ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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
Class B Common Stock	10/01/2025		A		43,450(1)	A	$0	64,402	D

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 Reporting Person received a restricted stock unit grant under the Amended and Restated Molson Coors Beverage Company Incentive Compensation Plan, which will vest in full on October 1, 2028.

Remarks:

	/s/ David P. Knaff, attorney-in-fact	10/03/2025
	** 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 Molson Coors (TAP) report on Form 4 for Rahul Goyal?

The Form 4 reports Rahul Goyal received 43,450 Class B restricted stock units on 10/01/2025, increasing his holdings to 64,402 shares.

When do the restricted stock units granted to the CEO vest?

The filing states the RSU grant will vest in full on 10/01/2028.

Was there any cash paid for the reported shares?

No cash price was reported; the transaction price is recorded as $0, indicating an equity grant (RSUs).

Who signed the Form 4 and when?

The Form 4 was signed by an attorney‑in‑fact, David P. Knaff, on 10/03/2025.

Under which plan were the RSUs granted?

The RSUs were granted under the Amended and Restated Molson Coors Beverage Company Incentive Compensation Plan.