DNUT · Krispy Kreme, Inc. · Insider Trading

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 30,958; Unvested RSUs: 89,395

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 27,805; Unvested RSUs: 113,209

As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 11, 2023 (the "Long Swap") with HSBC Continental Europe (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.

On June 12, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to August 10, 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.

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.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 09, 2029.

Unvested RSUs.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on June 10, 2029.

Unvested RSUs.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 09, 2029.

Unvested RSUs.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on June 10, 2029.

Direct: 6,334; Unvested RSUs: 149,516.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on June 10, 2029.

Unvested RSUs.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on June 10, 2029.

Unvested RSUs.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on June 10, 2029.

Unvested RSUs.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 09, 2029.

Direct: 156,057; Unvested RSUs: 490,211 .

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 09, 2029.

Direct: 7,983; Unvested RSUs: 141,422.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 09, 2029.

Direct: 58,312; Unvested RSUs: 340,993.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 09, 2029.

Direct: 193,010; Unvested RSUs: 962,025.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on June 10, 2029.

Unvested RSUs.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 09, 2029.

Direct: 32,635; Unvested RSUs: 356,223.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on June 10, 2029.

Direct: 93,032; Unvested RSUs: 91,813.

Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 09, 2029.

Direct: 10,743; Unvested RSUs: 117,608.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.4750 to $3.5000 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 set forth in this footnote.

Includes shares held by BHBK LLC of which Mr. Hees exercises sole investment power.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.2650 to $3.3000 per share, inclusive.

Includes shares held by BHBK LLC of which Mr. Hees exercises sole investment power.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.325 to $3.350 per share, inclusive.

Includes shares held by BHBK LLC of which Mr. Hees exercises sole investment power.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.360 to $3.400 per share, inclusive.

Includes shares held by BHBK LLC of which Mr. Hees exercises sole investment power.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.385 to $3.500 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 ranges set forth in footnotes (1), (3), (4), and (5) to this Form 4.

Includes shares held by BHBK LLC of which Mr. Hees exercises sole investment power.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.4000 to $3.4500 per share, inclusive.

Includes shares held by BHBK LLC of which Mr. Hees exercises sole investment power.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.350 to $3.390 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 ranges set forth in footnotes (2) and (3) to this Form 4.

Includes shares held by BHBK LLC of which Mr. Hees exercises sole investment power.

Includes shares held by BHBK LLC of which Mr. Hees exercises sole investment power.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 156,057, unvested RSUs: 394,057.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 153,010, unvested RSUs: 399,597.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 58,312; unvested RSUs: 264,069.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 193,010, unvested RSUs: 833,819.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 32,635; unvested RSUs: 279,299.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 7,983; unvested RSUs: 102,960.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 10,743, unvested RSUs: 91,966.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 182,417, unvested RSUs: 848,623.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 49,759, Unvested RSUs: 276,314.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 12,920, Unvested RSUs: 307,151.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 6,676, unvested RSUs: 104,934.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 145,745, Unvested RSUs: 412,829.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 3,939, Unvested RSUs:102,237.

Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

Direct: 163,373, Unvested RSUs: 875,236.

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.

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.

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.

Consists of shares surrendered to cover tax withholding for the vesting of PSUs.

Direct: 3,620; unvested RSUs: 102,720.

Consists of shares surrendered to cover tax withholding for the vesting of PSUs.

Direct: 48,845; unvested RSUs: 277,694.

Consists of shares of common stock received in connection with the achievement of performance criteria tied to previously awarded performance-based restricted stock units ("PSUs").

Consists of shares surrendered to cover tax withholding for the vesting of PSUs.

Direct: 158,435; unvested RSUs: 882,137.

Consists of shares surrendered to cover tax withholding for the vesting of PSUs.

Direct: 382,779; unvested RSUs: 300,743.

Consists of shares of common stock received in connection with the achievement of performance criteria tied to previously awarded performance-based restricted stock units ("PSUs").

Consists of shares of common stock received in connection with the achievement of performance criteria tied to previously awarded performance-based restricted stock units ("PSUs").

Consists of shares of common stock received in connection with the achievement of performance criteria tied to previously awarded performance-based restricted stock units ("PSUs").

Consists of shares surrendered to cover tax withholding for the vesting of PSUs.

Direct: 12,601; unvested RSUs: 307,634.