[Form 4] Krispy Kreme, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Krispy Kreme insider Raphael Duvivier, the company's Chief Financial Officer, reported a transaction on 10/01/2025 surrendering 2,966 shares of common stock to cover tax withholding on vested restricted stock units (RSUs). After the transaction, his total beneficial ownership is 562,783 shares, consisting of 139,011 shares held directly and 423,772 unvested RSUs. The Form 4 was signed by an attorney-in-fact on 10/02/2025. The filing indicates the sale was to satisfy tax obligations tied to RSU vesting rather than an open-market sale.

Insights

Corporate Insider Compliance Analyst

Routine tax-surrender of RSUs; significant retained stake remains.

The filing shows a 10/01/2025 tax-withholding transaction where 2,966 shares were surrendered upon RSU vesting. This is recorded under transaction code F, which aligns with shares withheld for taxes rather than a discretionary sale.

Post-transaction beneficial ownership of 562,783 shares, including 423,772 unvested RSUs, indicates continued alignment with shareholders through retained equity. The item is informational for disclosure and compliance rather than a new directional signal about management's view of the stock.

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).

1. Name and Address of Reporting Person^*

Duvivier Raphael

(Last) (First) (Middle)

C/O KRISPY KREME, INC.

2116 HAWKINS STREET, SUITE 101

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		F		2,966(1)	D	$3.87	562,783(2)	D

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

2. Direct: 139,011; unvested RSUs: 423,772.

Remarks:

	/s/ Christine McDevitt, Attorney-in-fact	10/02/2025
	** 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.

FAQ

What did Krispy Kreme CFO Raphael Duvivier report on Form 4 (DNUT)?

He reported surrendering 2,966 shares on 10/01/2025 to cover taxes from RSU vesting; beneficial ownership is 562,783 shares.

Why were the 2,966 shares disposed of?

The filing states the shares were surrendered to cover tax withholding associated with vested restricted stock units.

How many shares does the CFO directly own versus unvested RSUs?

Directly owned shares: 139,011; unvested RSUs: 423,772; total beneficial ownership: 562,783.

When was the Form 4 transaction dated and signed?

The transaction date is 10/01/2025 and the form was signed by attorney-in-fact on 10/02/2025.

Does the Form 4 show an open-market sale by the CFO?

No. The transaction code F and the explanation indicate the shares were surrendered for tax withholding, not an open-market sale.