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

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
25 Apr 2025, 17:24:56 UTC
Prior SEC filing
03 Dec 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Sebastiaan Wolvers, Managing Director of JAB Indulgence B.V.; /s/ Rafael Da Cunha, Managing Director of JAB Indulgence B.V.

Key filing fact

JAB Indulgence B.V. filed Form 4 for Krispy Kreme, Inc. (DNUT) on 25 Apr 2025.

Key facts

  • This page summarizes JAB Indulgence B.V.'s Form 4 filing for Krispy Kreme, Inc. (DNUT).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 25 Apr 2025, 17:24.

Change

  • Previous filing in this sequence was filed on 03 Dec 2021.
  • Current net transaction value: -$3,000,002.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DNUT transaction

Common Stock, par value $0.01 per share

Sale

Transaction value
$3,000,002
Shares
-694,445
Change %
-0.93%
Price
$4.32
Shares after
74,190,990
Date
23 Apr 2025
Ownership
Direct
Footnotes
F1, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DNUT transaction Derivative

Option (obligation to sell)

Other

Transaction value
$0
Shares
-1
Change %
-0%
Price
$0.000000
Shares after
4,166,670
Date
23 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,166,670
Exercise price
$4.32
Footnotes
F2, F5
DNUT transaction Derivative

Restricted Stock Units (obligation to sell)

Other

Transaction value
$0
Shares
-173,612
Change %
-50%
Price
$0.000000
Shares after
173,612
Date
23 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
173,612
Exercise price
Footnotes
F3, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

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