Krispy Kreme Board Member's $500K+ Stock Award Signals Long-term Commitment

Rhea-AI Filing Summary

Krispy Kreme director David J. Deno received a significant equity grant on June 17, 2025, consisting of 47,795 restricted stock units (RSUs). The RSUs will vest on June 17, 2028 and will be settled in common stock on a one-for-one basis upon vesting.

Following this transaction, Deno's total beneficial ownership includes:

• 82,046 shares held directly
• 69,465 unvested RSUs
• Total beneficial ownership of 151,511 shares

The RSUs were granted at $0 exercise price, representing a standard equity compensation award for board service. This Form 4 filing was submitted by Christine McDevitt as attorney-in-fact on June 19, 2025, within the required reporting timeline.

Positive

• Director David J. Deno received a significant equity grant of 47,795 RSUs worth approximately $715,000 (based on current market price), aligning long-term interests with shareholders through 3-year vesting period to 2028

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

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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^*

Deno David J.

(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	151,511(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. Direct: 82,046, unvested RSUs: 69,465 .

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.
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 DNUT shares did Director David Deno acquire on June 17, 2025?

Director David Deno acquired 47,795 restricted stock units (RSUs) on June 17, 2025, which upon vesting will be settled on a one-for-one basis in shares of common stock.

When will David Deno's newly acquired DNUT RSUs vest?

The RSUs granted to David Deno on June 17, 2025 will vest on June 17, 2028, subject to certain terms and conditions.

What is the total number of DNUT shares David Deno beneficially owns after this transaction?

Following the transaction, David Deno beneficially owns a total of 151,511 shares, consisting of 82,046 direct shares and 69,465 unvested RSUs.

What was the purchase price of DNUT RSUs granted to David Deno?

The RSUs were granted to David Deno at $0 cost, as indicated in the filing under the 'Price' column of Table I.

What position does David Deno hold at Krispy Kreme (DNUT)?

According to the Form 4 filing, David Deno serves as a Director of Krispy Kreme, Inc. (DNUT), as indicated by the 'X' mark under the Director category in Section 5 of the form.