The court overseeing In re: Keurig Green Mountain Single-Serve Coffee Antitrust Litigation (the "Multidistrict Antitrust Litigation"), currently pending in the U.S. District Court for the Southern District of New York ("SDNY"), has denied the direct purchaser plaintiffs' motion for class certification, finding that the plaintiffs did not meet the federal requirements to pursue their case on a classwide basis. The direct purchaser plaintiffs had claimed more than $3 billion of classwide monetary damages. The direct purchaser plaintiffs have filed a petition with the United States Court of Appeals for the Second Circuit, seeking to appeal the SDNY court's decision. See Note 15 to Keurig Dr Pepper Inc.'s (the "Company") Form 10-Q filed on October 28, 2025 for further information related to this litigation.

The Company intends to continue vigorously defending the direct purchaser plaintiffs' appeal and the remaining lawsuits in the Multidistrict Antitrust Litigation.