| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| JAB Holdings B.V. | 10%+ Owner | PIET HEINKADE 55, AMSTERDAM, NETHERLANDS | /s/ Sebastiaan Wolvers, Managing Director of JAB Holdings B.V.; /s/ Frank Engelen, Managing Director of JAB Holdings B.V. | 16 Jun 2025 | 0001579134 |
| JAB Investments S.a r.l. | 10%+ Owner | 4, RUE JEAN MONNET, LUXEMBOURG, LUXEMBOURG | /s/ Sebastiaan Wolvers, Manager of JAB Investments s.a r.l.; /s/ Jonathan Norman, Manager of JAB Investments s.a r.l. | 16 Jun 2025 | 0001747036 |
| JAB Holding Co s.a r.l. | 10%+ Owner | 4, RUE JEAN MONNET, LUXEMBOURG, LUXEMBOURG | /s/ Frank Engelen, Manager of JAB Holding Company s.a r.l.; /s/ Jonathan Norman, Manager of JAB Holding Company s.a r.l. | 16 Jun 2025 | 0001621428 |
| Joh. A. Benckiser s.a.r.l. | 10%+ Owner | PIET HEINKADE 55, AMSTERDAM, NETHERLANDS | /s/ Joachim Creus, Director of Joh. A. Benckiser s.a r.l.; /s/ Jonathan Norman, Director of Joh. A. Benckiser s.a r.l. | 16 Jun 2025 | 0001746867 |
| Agnaten SE | 10%+ Owner | 4, RUE JEAN MONNET, LUXEMBOURG, LUXEMBOURG | /s/ Joachim Creus, Authorized Representative of Lucresca SE | 16 Jun 2025 | 0001579044 |
| Lucresca SE | 10%+ Owner | 4, RUE JEAN MONNET, LUXEMBOURG, LUXEMBOURG | /s/ Joachim Creus, Authorized Representative of Agnaten SE | 16 Jun 2025 | 0001394212 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | DNUT | Common Stock, par value $0.01 per share | 74,190,990 | 12 Jun 2025 | See footnotes. | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DNUT | Cash-Settled Total Return Swap | Other | +8,000,000 | +36% | 30,465,056 | 12 Jun 2025 | Common Stock | 8,000,000 | Direct | F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | These shares (the "Shares") of common stock, par value $0.01 per share (the "Common Stock"), of Krispy Kreme, Inc. (the "Company") are held and beneficially owned by JAB Indulgence B.V., a direct or indirect subsidiary of each Reporting Person herein. As such, each 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. |
| F2 | As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 17, 2022 (the "Long Swap") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,000,000 Shares (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled. As of December 16, 2022, the Long Swap was established with a reference price of $12.2017 per Share (the "Reference Price"). |
| F3 | On June 12, 2025, JAB Holdings B.V. and BNP Paribas agreed to extend the term of the Long Swap to August 18, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the Long Swap, including the Reference Price, remain materially unchanged and in full force and effect. |
| F4 | The Long Swap (but not the Subject Shares (the "Subject Shares") referenced thereby) is owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swap does not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require BNP Paribas to acquire, hold, vote or dispose of any securities of the Company. Each Reporting Person disclaims beneficial ownership of the securities reported herein, including the Subject Shares, except to the extent of its pecuniary interest therein, and this Form 4 shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |