Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* JAB Holdings B.V.	2. Issuer Name and Ticker or Trading Symbol Keurig Dr Pepper Inc. [ KDP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) PIET HEINKADE 55,	3. Date of Earliest Transaction (MM/DD/YYYY) 5/20/2020
(Street) AMSTERDAM, P7 1019 GM (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _ X _ 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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	5/20/2020		S		40000000 ⁽¹⁾⁽²⁾	D	$27.10	868745095	I	See Footnote ⁽³⁾
Common Stock, par value $0.01 per share	5/22/2020		P		7380000 ⁽⁴⁾	A	$27.10	14780000	D ⁽⁵⁾

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares K ⁽⁶⁾	⁽⁶⁾	5/22/2020		J ⁽⁶⁾			10479705	⁽⁶⁾	⁽⁶⁾	Common Stock	10479705	$27.10	483387013	D ⁽⁷⁾

Explanation of Responses:
(1)	On May 20, 2020, Maple Holdings B.V. agreed to sell (the "Share Sale") 40,000,000 shares of common stock, par value $0.01 per share, of Keurig Dr Pepper Inc. (the "Shares") to Goldman Sachs & Co. LLC (the "Underwriter"), pursuant to an Underwriting Agreement, by and among Maple Holdings B.V., Keurig Dr Pepper Inc. and the Underwriter.
(2)	On the basis of JAB Forest B.V.'s beneficial ownership of Ordinary Shares K of Acorn Holdings B.V. (as described in footnote 7 herein), the Share Sale may be deemed a sale of Shares by each Reporting Person herein to the extent of such Reporting Person's pecuniary interest therein.
(3)	These Shares are held by Maple Holdings B.V. On the basis of JAB Forest B.V.'s beneficial ownership of Ordinary Shares K of Acorn Holdings B.V. (as described in footnote 7 herein), each Reporting Person herein may be deemed a beneficial owner of Shares held by Maple Holdings B.V. Each of the Reporting Persons disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.
(4)	On May 22, 2020, JAB Holdings B.V. purchased 7,380,000 Shares from the Underwriter.
(5)	These Shares are held and beneficially owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein, other than JAB Forest B.V. As such, each other Reporting Person herein, other than JAB Forest B.V., may be deemed a beneficial owner of Shares held by JAB Holdings B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.
(6)	JAB Forest B.V. holds and beneficially owns ordinary shares K (the "Ordinary Shares K") of Acorn Holdings B.V. Ordinary Shares K, which do not expire, exclusively represent an interest in Shares beneficially owned by Acorn Holdings B.V. from time to time (or the cash value thereof). On May 22, 2020, JAB Forest B.V. agreed to sell Ordinary Shares K then representing an interest in 10,479,705 Shares.
(7)	These Ordinary Shares K are held and beneficially owned by JAB Forest B.V., a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed a beneficial owner of Ordinary Shares K held by JAB Forest B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Ordinary Shares K, except to the extent of its pecuniary interests therein.

Remarks:
To satisfy obligations that may arise under Section 16(b) of the Securities Exchange Act of 1934 in connection with the securities sales reported herein and the March 9, 2020 purchase of 7,400,000 Shares reported by the Reporting Persons in a Form 4 filed with the Securities and Exchange Commission on March 11, 2020, on May 22, 2020 JAB Holdings B.V. paid $740,000 to Keurig Dr Pepper Inc. by wire transfer of immediately available funds.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
JAB Holdings B.V. PIET HEINKADE 55 AMSTERDAM, P7 1019 GM		X
JAB Forest B.V. PIET HEINKADE 55 AMSTERDAM, P7 1019 GM		X
JAB Investments S.a r.l. 4, RUE JEAN MONNET LUXEMBOURG, N4 L-2180		X
JAB Holding Co s.a r.l. 4, RUE JEAN MONNET LUXEMBOURG, N4 L-2180		X
Joh. A. Benckiser B.V. OOSTERDOKSSTRAAT 80 AMSTERDAM, P7 1011 DK		X
Agnaten SE ROOSEVELTPLATZ 4-5 TOP 10 VIENNA, C4 A-1090		X
Lucresca SE ROOSEVELTPLATZ 4-5 TOP 10 VIENNA, C4 A-1090		X

Signatures
/s/ Joachim Creus, Director of JAB Holdings B.V. in its capacity as Managing Director of JAB Forest B.V.; /s/ Fabien Simon, Director of JAB Holdings B.V. in its capacity as Managing Director of JAB Forest B.V.		5/22/2020
^**Signature of Reporting Person		Date
/s/ Joachim Creus, Director of JAB Holdings B.V.; /s/ Fabien Simon, Director of JAB Holdings B.V.		5/22/2020
^**Signature of Reporting Person		Date
/s/ Joachim Creus, Manager of JAB Investments s.a r.l.; /s/ Philippe Chenu, Manager of JAB Investments s.a r.l.		5/22/2020
^**Signature of Reporting Person		Date
/s/ Constantin Thun, Manager of JAB Holding Company s.a r.l.; /s/ Joachim Creus, Manager of JAB Holding Company s.a r.l.		5/22/2020
^**Signature of Reporting Person		Date
/s/ Joachim Creus, Director of Joh. A. Benckiser B.V.; /s/ Fabien Simon, Director of Joh. A. Benckiser B.V.		5/22/2020
^**Signature of Reporting Person		Date
/s/ Joachim Creus, Authorized Representative of Lucresca SE		5/22/2020
^**Signature of Reporting Person		Date
/s/ Joachim Creus, Authorized Representative of Agnaten SE		5/22/2020
^**Signature of Reporting Person		Date