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Krispy Kreme Board Member Deepens Stake with Long-Term Stock Grant Through 2028

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Krispy Kreme Director Bernardo Hees reported significant insider transactions on Form 4, filed June 28, 2025, detailing changes in beneficial ownership:

  • Acquired 47,795 Restricted Stock Units (RSUs) on June 17, 2025, at $0 cost
  • RSUs will vest on June 17, 2028 and convert to common stock on a one-for-one basis
  • Currently holds 665,110 shares directly, including: - 617,315 direct shares - 47,795 unvested RSUs
  • Indirectly owns 694,445 shares through BHBK LLC, over which he exercises sole investment power

This equity-based compensation grant aligns the director's interests with shareholders through a three-year vesting period, representing a significant long-term commitment to the company.

Positive

  • Director Bernardo Hees received 47,795 RSUs worth approximately $715,000 (based on current market prices), demonstrating long-term alignment with shareholders through 3-year vesting period to 2028
  • Director maintains significant skin in the game with total beneficial ownership of over 1.35 million shares between direct holdings (665,110 shares) and indirect holdings through BHBK LLC (694,445 shares)

Negative

  • None.
Insider Hees Bernardo
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 47,795 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 665,110 shares (Direct); Common Stock — 694,445 shares (Indirect, Held by BHBK LLC)
Footnotes (1)
  1. 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 17, 2028. Direct: 617,315, unvested RSUs: 47,795. Includes 694,445 shares held by BHBK LLC of which Mr. Hees exercises sole investment power.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hees Bernardo
(Last) (First) (Middle)
C/O KRISPY KREME, INC.
2116 HAWKINS ST
(Street)
CHARLOTTE NC 28203
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Krispy Kreme, Inc. [ DNUT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/17/2025 A 47,795(1) A $0 665,110(2) D
Common Stock 694,445 I Held by BHBK LLC(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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 17, 2028.
2. Direct: 617,315, unvested RSUs: 47,795.
3. Includes 694,445 shares held by BHBK LLC of which Mr. Hees exercises sole investment power.
Remarks:
/s/ Christine McDevitt, Attorney-in-fact 06/19/2025
** 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 4 (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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Krispy Kreme (DNUT) shares did Director Bernardo Hees acquire on June 17, 2025?

Director Bernardo Hees acquired 47,795 restricted stock units (RSUs) on June 17, 2025. These RSUs will vest on June 17, 2028 and will be settled on a one-for-one basis in shares of common stock.

What is the total DNUT stock ownership of Bernardo Hees after the June 2025 transaction?

After the transaction, Bernardo Hees beneficially owns a total of 1,359,555 DNUT shares, consisting of 665,110 shares held directly (including 617,315 direct shares and 47,795 unvested RSUs) and 694,445 shares held indirectly through BHBK LLC.

When will Bernardo Hees' new DNUT restricted stock units (RSUs) vest?

The 47,795 restricted stock units (RSUs) granted to Bernardo Hees will vest on June 17, 2028, subject to certain terms and conditions.

What was the purchase price of DNUT shares in Bernardo Hees' June 2025 acquisition?

The restricted stock units (RSUs) were granted to Bernardo Hees at $0 cost, as indicated in the 'Price' column of Table I in the Form 4 filing.

How many DNUT shares does Bernardo Hees control through BHBK LLC?

Bernardo Hees controls 694,445 shares of Krispy Kreme (DNUT) through BHBK LLC, over which he exercises sole investment power.