Form 4: JAB BevCo B.V. Sells 13 Million Shares of Keurig Dr Pepper Inc.

JAB BevCo B.V. sold 13,043,478 shares of Keurig Dr Pepper Inc. common stock at $28.9 per share to Morgan Stanley & Co. LLC.

Summary

• JAB BevCo B.V. sold 13,043,478 shares of Keurig Dr Pepper Inc. (KDP) common stock on March 15, 2024.
• The sale was executed at a price of $28.9 per share.
• Morgan Stanley & Co. LLC was the underwriter for this transaction.
• The sale was made pursuant to a previously disclosed option granted to the underwriter in the underwriting agreement dated February 29, 2024.
• Following the transaction, JAB BevCo B.V. directly holds 283,443,879 shares of KDP common stock.
• Acorn Holdings B.V., JAB Coffee & Beverages B.V., and JAB Forest B.V. may be deemed beneficial owners of the shares held by JAB BevCo B.V.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a share sale. The sentiment is neutral as it simply reports a transaction without expressing any positive or negative views about the company's prospects.

Industry Context

This transaction reflects a significant share sale by a major shareholder, JAB BevCo B.V., which could influence the market's perception of Keurig Dr Pepper Inc.'s stock. Monitoring the market's reaction to this sale is crucial.

Stakeholder Impact

• The sale of a significant number of shares by JAB BevCo B.V. could potentially impact shareholder value and market confidence in Keurig Dr Pepper Inc.

Key Dates