[Form 3] Krispy Kreme, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Joseph J. Esposito, Chief Accounting Officer of Krispy Kreme, Inc. (DNUT), reports ownership of 90,447 shares of the issuer's common stock. The filing shows 956 shares held directly and the remainder as restricted stock units (RSUs) scheduled to vest in tranches across 2025–2029. Key scheduled vesting amounts include 28,213 RSUs vesting Jul 1, 2026, 17,483 RSUs vesting Apr 10, 2028, and multiple smaller awards from 2021–2024 that vest between Oct 2025 and Apr 2029. No derivative securities are reported. The filing includes a power of attorney signature by an attorney-in-fact.

Positive

• Clear, detailed disclosure of total beneficial ownership and specific RSU vesting schedules
• No derivative securities reported, simplifying the ownership and compliance profile

Negative

• Majority of reported position consists of unvested RSUs, meaning current direct ownership is limited to 956 shares

Insights

Financial Analyst

TL;DR: Routine insider disclosure showing total economic exposure primarily through time‑based RSUs rather than exercised stock.

The Form 3 documents initial Section 16 reporting for the Chief Accounting Officer and quantifies total beneficial ownership at 90,447 shares, largely composed of unvested RSUs with scheduled vesting from Oct 2025 through Apr 2029. This pattern indicates compensation delivered mainly via equity awards with future vesting conditions rather than immediate stock holdings. There are no reported derivative instruments, simplifying the ownership profile. For investors, the schedule clarifies when additional shares may be released into the market from this officer's awards, though absolute materiality relative to company float is not provided in the filing.

Corporate Governance Expert

TL;DR: Standard governance disclosure that enhances transparency about executive compensation timing and potential future share issuance.

The filing meets Section 16 requirements by identifying the reporting person, role, and a detailed breakdown of RSU awards and vesting dates. The staggered vesting across multiple years is consistent with retention-focused equity design. The absence of indirect holdings or derivative positions reduces complexity for compliance monitoring. The inclusion of a power of attorney signature is noted but is a procedural element rather than a substantive governance concern.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Esposito Joseph J

(Last) (First) (Middle)

2116 HAWKINS STREET, SUITE 101

(Street)

CHARLOTTE NC 28203

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/15/2025

3. Issuer Name and Ticker or Trading Symbol
Krispy Kreme, Inc. [ DNUT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	90,447(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Direct DNUT: 956 plus unvested RSUs comprised of: Apr 1, 2021 award vesting 2,334 RSUs on Oct 1, 2025; May 17, 2021 award vesting 4,437 RSUs on Nov 17, 2025; Apr 4, 2022 award vesting 483 RSUs on Apr 4, 2026, and 483 RSUs on Apr 4, 2027; May 9, 2023 award vesting 7,310 RSUs on May 9, 2026; May 9, 2023 award vesting 2,961 RSUs on May 9, 2026, 987 RSUs on May 9, 2027, and 987 RSUs on May 9, 2028; Apr 11, 2024 award vesting 3,003 RSUs on Apr 11, 2027, 1,001 RSUs on Apr 11, 2028, and 1,000 RSUs on Apr 11, 2029; Apr 10, 2025 award vesting 17,483 RSUs on Apr 10, 2028; and Jul 1, 2025 award vesting 28,213 RSUs on Jul 1, 2026 and 18,809 RSUs vesting on Jul 1, 2027.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney

	/s/ Christine McDevitt, Attorney-in-fact	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many shares of Krispy Kreme (DNUT) does Joseph J. Esposito beneficially own?

The filing reports 90,447 shares of common stock beneficially owned in total.

What portion of Joseph J. Esposito's DNUT holdings are vested versus unvested?

He holds 956 shares directly and the remainder are unvested RSUs scheduled to vest between Oct 2025 and Apr 2029.

Are there any derivative securities reported by the reporting person on this Form 3?

No. The filing lists no derivative securities in Table II.

What are the largest upcoming RSU vesting events disclosed?

Notable vesting events include 28,213 RSUs vesting on Jul 1, 2026 and 17,483 RSUs vesting on Apr 10, 2028.

What is the reporting person's role at Krispy Kreme (DNUT)?

The reporting person is identified as the company's Chief Accounting Officer.