Krispy Kreme Board Member Commits to 3-Year Vesting Period in Latest Stock Grant

Rhea-AI Filing Summary

Krispy Kreme director Gerhard W. Pleuhs received a significant equity grant on June 17, 2025, as reported in this Form 4 filing. The transaction details reveal:

• Acquisition of 47,795 restricted stock units (RSUs) at $0 cost
• RSUs will vest on June 17, 2028 (3-year vesting period)
• Upon vesting, RSUs convert to common stock on a one-for-one basis
• Following the transaction, Pleuhs holds a total of 68,399 unvested RSUs

This equity grant appears to be part of the company's director compensation program, aligning the director's interests with shareholders through long-term stock ownership. The transaction was reported within the required timeframe and executed through a power of attorney.

Positive

• Director Gerhard W. Pleuhs received 47,795 RSUs with 3-year vesting period, demonstrating long-term alignment with shareholder interests

Negative

• None.

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
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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^*

Pleuhs Gerhard W.

(Last) (First) (Middle)

C/O KRISPY KREME, INC.

2116 HAWKINS STREET

(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	68,399(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. 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. Unvested RSUs.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney

	/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.
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FAQ

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

Director Gerhard Pleuhs acquired 47,795 restricted stock units (RSUs) of Krispy Kreme (DNUT) on June 17, 2025. These RSUs will convert to common stock on a one-for-one basis upon vesting.

When do Gerhard Pleuhs's DNUT restricted stock units (RSUs) vest?

The restricted stock units (RSUs) granted to Gerhard Pleuhs will vest on June 17, 2028, subject to certain terms and conditions. Upon vesting, they will be settled on a one-for-one basis in shares of common stock.

What is the total number of DNUT restricted stock units owned by Gerhard Pleuhs after the June 2025 grant?

Following the reported transaction, Gerhard Pleuhs beneficially owns a total of 68,399 unvested restricted stock units (RSUs) of Krispy Kreme (DNUT) directly.

What was the purchase price for DNUT RSUs granted to Director Pleuhs?

The restricted stock units (RSUs) were granted to Director Pleuhs at a price of $0, as they were awarded as part of director compensation rather than purchased on the open market.