Form 4: Keurig Dr Pepper Director Robert Gamgort Sells Shares Under 10b5-1 Trading Plan

Director Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper Inc. common stock on April 29, 2025 and May 1, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Robert James Gamgort, a director of Keurig Dr Pepper Inc., sold 208,000 shares of common stock on April 29, 2025, at a weighted average price of $33.96.
• He then sold another 208,000 shares on May 1, 2025, at a weighted average price of $34.12.
• These sales were executed under a Rule 10b5-1 trading plan adopted on October 30, 2024.
• Following these transactions, Gamgort directly owns 2,846,490 shares and indirectly owns 574,900 shares through a 2023 Trust and 171,821 shares through a 2024 Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider stock sales under a pre-arranged plan. It's neutral in sentiment as it simply reports transactions.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any inside information at the time of the transactions.

Stakeholder Impact

• The stock sale by a director could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates

Keywords

Keurig Dr Pepper, KDP, Robert Gamgort, stock sale, Form 4, 10b5-1 trading plan, director, insider trading