Krispy Kreme Strengthens Board Compensation with Major Equity Package

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Krispy Kreme (DNUT) director Patrick J. Grismer received a significant equity grant on June 17, 2025. The insider was awarded 47,795 restricted stock units (RSUs) with the following key terms:

Grant Date: June 17, 2025
Vesting Date: June 17, 2028 (3-year vesting period)
Settlement: One-for-one basis in common stock
Grant Price: $0 (typical for RSU awards)

This represents Grismer's entire beneficial ownership position in DNUT stock, held in direct form. The RSUs remain unvested and subject to continued service conditions through the 2028 vesting date. The transaction was reported via Form 4 within the required two-business-day filing window, with the filing executed by Christine McDevitt as attorney-in-fact.

Positive

Director Patrick J. Grismer received a significant equity grant of 47,795 RSUs, valued at approximately $715,000 (based on current market price), demonstrating long-term alignment with shareholders through 3-year vesting period to 2028

Negative

None.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Grismer Patrick J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	47,795	$0.00	--

Holdings After Transaction: Common Stock — 47,795 shares (Direct)

Footnotes (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. Unvested RSUs.

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Form 4 Insider Transactions: What Each Field Means →

06/20/2025 - 08:32 AM

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^*

Grismer Patrick J

(Last)

(First)

(Middle)

C/O KRISPY KREME, INC.

2116 HAWKINS ST

(Street)

CHARLOTTE

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/17/2025		A		47,795⁽¹⁾	A	$0	47,795⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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:

	/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 Patrick Grismer acquire on June 17, 2025?

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

When do Patrick Grismer's DNUT restricted stock units (RSUs) vest?

According to the Form 4 filing, Patrick Grismer's 47,795 RSUs will vest on June 17, 2028, subject to certain terms and conditions.

What is Patrick Grismer's role at Krispy Kreme (DNUT)?

Based on the Form 4 filing, Patrick Grismer serves as a Director on Krispy Kreme's Board. This is indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.

What was the purchase price of DNUT RSUs granted to Patrick Grismer?

The RSUs were granted to Patrick Grismer at a price of $0, as indicated in the Transaction Price column of Table I in the Form 4 filing. This is typical for RSU grants as part of director compensation.

Does Patrick Grismer own any other Krispy Kreme (DNUT) securities besides the newly granted RSUs?

Based on this Form 4 filing, the 47,795 unvested RSUs appear to be the only Krispy Kreme securities beneficially owned by Patrick Grismer, held in direct ownership form.