Keurig Dr Pepper (NASDAQ: KDP) announced that JAB Holding Company will sell 75 million shares of KDP common stock through a registered public offering. After the offering, JAB's ownership in KDP will decrease to approximately 4.4% of outstanding common stock. The remaining shares owned by JAB will be subject to a 60-day lock-up agreement with J.P. Morgan, who is acting as the underwriter. KDP, a leading North American beverage company with annual revenue exceeding $15 billion, maintains a diverse portfolio of over 125 brands and holds leadership positions in various beverage categories, including carbonated soft drinks, coffee, tea, water, juice, and mixers.