JAB Holdings B.V. - 02 Mar 2026 Form 4 Insider Report for Krispy Kreme, Inc. (DNUT)

Role: 10%+ Owner
Signature: /s/ Sebastiaan Wolvers, Managing Director of JAB Holdings B.V.; /s/ Rafael Cunha, Managing Director of JAB Holdings B.V.
Issuer symbol: DNUT
Transactions as of: 02 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 04 Mar 2026, 20:27:46 UTC
Previous filing: 03 Sep 2025
SEC: View on sec.gov

Reporting Owners (6)

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/ Rafael Cunha, Managing Director of JAB Holdings B.V.	04 Mar 2026	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.	04 Mar 2026	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.	04 Mar 2026	0001621428
Joh. A. Benckiser s.a.r.l.	10%+ Owner	PIET HEINKADE 55, AMSTERDAM, NETHERLANDS	/s/ Joachim Creus, Director of Joh. A. Benckiser B.V.; /s/ Jonathan Norman, Director of Joh. A. Benckiser B.V.	04 Mar 2026	0001746867
Agnaten SE	10%+ Owner	4, RUE JEAN MONNET, LUXEMBOURG, LUXEMBOURG	/s/ Joachim Creus, Authorized Representative of Lucresca SE	04 Mar 2026	0001579044
Lucresca SE	10%+ Owner	4, RUE JEAN MONNET, LUXEMBOURG, LUXEMBOURG	/s/ Joachim Creus, Authorized Representative of Agnaten SE	04 Mar 2026	0001394212

Transactions Table

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	02 Mar 2026	See footnotes.	F1

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	Cash-Settled Total Return Swap	Other		+6,895,120			6,895,120	02 Mar 2026	Common Stock	6,895,120		Direct	F2, F3, F4

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

Explanation of Responses:

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 February 28, 2023 (the "Long Swap") with Banco Santander, S.A. (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (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.
F3	On March 2, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to March 1, 2028 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.
F4	The Long Swap (but not 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 the Dealer 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.