JAB Holdings B.V. - Sep 7, 2021 Form 4 Insider Report for Krispy Kreme, Inc. (DNUT)

Role: 10%+ Owner
Signature: /s/ Joachim Creus, Director of JAB Indulgence B.V.; /s/ Frank Engelen, Director of JAB Indulgence B.V.
Stock symbol: DNUT
Transactions as of: Sep 7, 2021
Transactions value $: $10,668,625
Form type: 4
Date filed: 9/9/2021, 04:59 PM
Previous filing: Sep 7, 2021
Next filing: Sep 13, 2021

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	Purchase	$5.74M	+376K	+4.57%	$15.27	8.61M	Sep 7, 2021	Direct	F1, F2, F3
transaction	DNUT	Common Stock, par value $0.01 per share	Purchase	$101K	+6.28K	+0.07%	$16.03	8.62M	Sep 7, 2021	Direct	F1, F3, F4
transaction	DNUT	Common Stock, par value $0.01 per share	Purchase	$4.82M	+317K	+3.68%	$15.21	8.93M	Sep 8, 2021	Direct	F3, F5, F6
holding	DNUT	Common Stock, par value $0.01 per share						62.1M	Sep 7, 2021	JAB Indulgence B.V.	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 7, 2021, JAB Holdings B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.
F2	The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.9900 to $15.9800, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.
F3	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 Indulgence B.V.). As such, each other Reporting Person herein (other than JAB Indulgence 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.
F4	The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $15.9900 to $16.1900, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.
F5	On September 8, 2021, JAB Holdings B.V. purchased Shares of Krispy Kreme in open market transactions.
F6	The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.8000 to $15.4000, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.
F7	These Shares are held and beneficially owned by JAB Indulgence 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 Shares held by JAB Indulgence B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.