Sec Form 4 Filing - COORS PETER H @ MOLSON COORS BEVERAGE CO - 2019-11-25

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person COORS PETER H 2. Issuer Name and Ticker or Trading Symbol MOLSON COORS BEVERAGE CO [ TAP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) X __ Other (specify below) Vice Chairman of the Board (Last) (First) (Middle) 1801 CALIFORNIA STREET, SUITE 4600 3. Date of Earliest Transaction (MM/DD/YY) 11/25/2019 (Street) DENVER, CO80202 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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) Code V Amount (A) or (D) Price Class B Common Stock 11/25/2019 G V 1,350 D $ 0 0 ( 1 ) I by Marilyn E & Peter H Coors, Co-Trustees of Peter H Coors 2015 Grantor Retained Annuity Trust XXI Class B Common Stock 12/31/2019 M 4,000 A 242,563 ( 1 ) ( 3 ) ( 4 ) D Class B Common Stock 12/31/2019 D 4,000 D $ 53.9 238,563 D Class B Common Stock 0 ( 3 ) I by Marilyn E & Peter H Coors, Co-Trustees of Peter H Coors 2017 Grantor Retained Annuity Trust XXIV Class B Common Stock 151,078 I by Peter H. Coors as manager of PHC Funding LLC Class B Common Stock 46,224 I by Peter H. Coors as manager of PHC Funding II LLC Class B Common Stock 188,171 ( 3 ) I by Peter H. Coors as manager of PHC Funding LLC III Class B Common Stock 23,225 ( 4 ) I by Peter H. Coors as manager of PHC Funding LLC IV Class B Common Stock 13,536,806 I by Adolph Coors Company LLC Class B Common Stock 1,064 I By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 2 ) 12/31/2019 M 4,000 ( 2 ) ( 2 ) Class B Common Stock 4,000 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other COORS PETER H 1801 CALIFORNIA STREET, SUITE 4600 DENVER, CO80202 X X Vice Chairman of the Board Signatures /s/ Eric Gunning, by Power of Attorney 01/03/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On November 25, 2019, the Peter H. Coors 2015 Grantor Retained Annuity Trust XXI terminated and in connection therewith, (i) 22,925 shares of Class B common stock were transferred directly to the reporting person and (ii) 1,350 shares of Class B common stock were distributed to various descendants' trusts. ( 2 )On December 31, 2019, 4,000 cash-settled restricted stock units ("RSUs"), which were previously granted to the reporting person under the Molson Coors Brewing Company's Incentive Compensation Plan, vested and were settled in cash, based on the value of the issuer's Class B common stock on the date of vesting. ( 3 )Reflects the following changes in beneficial ownership that occurred on September 6, 2019: (i) the reporting person transferred 155,579 shares of Class B common stock to PHC Funding III LLC and (ii) the Peter H. Coors 2017 Grantor Retained Annuity Trust XXIV transferred 32,592 shares of Class B common stock directly to PHC Funding III LLC. ( 4 )On December 13, 2019, the reporting person transferred 23,225 shares of Class B common stock to PHC Funding IV LLC.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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