JAB Indulgence B.V. - Apr 23, 2025 Form 4 Insider Report for Krispy Kreme, Inc. (DNUT)

Role
10%+ Owner
Signature
/s/ Sebastiaan Wolvers, Managing Director of JAB Indulgence B.V.; /s/ Rafael Da Cunha, Managing Director of JAB Indulgence B.V.
Stock symbol
DNUT
Transactions as of
Apr 23, 2025
Transactions value $
-$3,000,002
Form type
4
Date filed
4/25/2025, 05:24 PM
Previous filing
Dec 3, 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DNUT Common Stock, par value $0.01 per share Sale -$3M -694K -0.93% $4.32 74.2M Apr 23, 2025 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DNUT Option (obligation to sell) Other $0 -1 0% $0.00 4.17M Apr 23, 2025 Common Stock 4.17M $4.32 Direct F2, F5
transaction DNUT Restricted Stock Units (obligation to sell) Other $0 -174K -50% $0.00 174K Apr 23, 2025 Common Stock 174K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 23, 2025, JAB Indulgence B.V. ("JAB Indulgence") agreed to sell 694,445 shares (the "Shares") of common stock, par value $0.01 per share (the "Common Stock"), of Krispy Kreme, Inc. (the "Company") in a privately negotiated transaction.
F2 On April 23, 2025, JAB Indulgence agreed to grant an option to purchase 4,166,670 Shares currently held by JAB Indulgence (the "Matching Option") to an individual in a privately negotiated transaction. The Matching Option (or a portion thereof) will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.
F3 On April 23, 2025, JAB Indulgence agreed to grant to a one-time incentive award in the form of restricted stock units with respect to 173,612 Shares (the "RSUs") to an individual in a privately negotiated transaction. The RSUs represent a contingent right to receive one Share for each RSU. The RSUs will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.
F4 These Shares are held and beneficially owned by JAB Indulgence, 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 Shares held by JAB Indulgence. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.
F5 This Matching Option and these RSUs, as applicable, are granted by JAB Indulgence with respect to Shares held and beneficially owned by JAB Indulgence, 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 Shares held by JAB Indulgence. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.