Michael J. Tattersfield - Feb 8, 2024 Form 4 Insider Report for Krispy Kreme, Inc. (DNUT)

Role
Director
Signature
/s/ Rebecca Morley, Attorney-in-Fact
Stock symbol
DNUT
Transactions as of
Feb 8, 2024
Transactions value $
-$735,005
Form type
4
Date filed
2/9/2024, 09:26 PM
Previous filing
Oct 2, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DNUT Common Stock Award $0 +300K +10.73% $0.00 3.1M Feb 8, 2024 Direct F1
transaction DNUT Common Stock Tax liability -$735K -55.2K -1.78% $13.31 3.04M Feb 8, 2024 Direct F2, F3
holding DNUT Common Stock 550K Feb 8, 2024 See footnote F4
holding DNUT Common Stock 295 Feb 8, 2024 By Child F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of performance-based restricted stock units ("PSUs"), 100% of the performance metrics were achieved on Feb 8, 2024. Upon vesting, the PSUs are settled on a one-for-one basis in shares of common stock. Subject to certain other terms and conditions, the PSUs shall vest in three installments as follows: 50% on Feb 8, 2024, 25% on Dec 29, 2024, and 25% on Dec 28, 2025.
F2 Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.
F3 Direct: 2,175,786, unvested RSUs: 864,634.
F4 The shares are held in trust for the benefit of the Reporting Person's children and of which the trustee is the Reporting Person's spouse.
F5 The Reporting Person disclaims beneficial ownership of all securities owned by the Reporting Person's daughter except to the extent of his pecuniary interest therein.