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

Rhea-AI Filing Summary

Joseph J. Esposito, Chief Accounting Officer of Krispy Kreme (DNUT), reported acquisitions and holdings on Form 4. The filing shows an acquisition of 20,000 restricted stock units (RSUs) on 09/15/2025 that settle one-for-one into shares and are scheduled to vest on 09/15/2027, and an acquisition of 40,000 stock options with a $3.13 exercise price granted 09/15/2025 that vest on 09/15/2028 and expire 09/15/2031. Following these transactions, the reporting person beneficially owns 110,447 shares in total, consisting of 956 direct shares and 109,491 unvested RSUs.

Positive

• Acquisition of 20,000 RSUs that convert one-for-one into common shares, providing future equity alignment
• Grant of 40,000 stock options with multi-year vesting and a defined $3.13 exercise price
• Total beneficial ownership reported as 110,447 shares, combining direct shares and unvested awards

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider received time‑based RSUs and options, increasing vested and unvested holdings; impact appears routine and non‑market-moving.

The Form 4 documents standard equity compensation: 20,000 RSUs that vest over two years and 40,000 options with a multi-year vesting schedule and a $3.13 strike price. These grants align with employee retention mechanics rather than immediate cash transactions. The post-transaction beneficial ownership of 110,447 shares combines a small direct stake (956 shares) with primarily unvested awards (109,491 RSUs/options). For investors, this is a compensation disclosure rather than an indication of trading or liquidity events.

Corporate Governance Expert

TL;DR: Compensation grants disclosed are typical for an officer and reflect standard vesting schedules to align incentives with long-term service.

The filing indicates time‑based RSUs and options granted on 09/15/2025 with vesting on 09/15/2027 and 09/15/2028 respectively, consistent with retention and performance alignment practices. The signature by an attorney-in-fact is properly provided. No dispositions, sales, or unusual derivative structures are reported. The disclosure is procedurally complete and materially routine for corporate governance review.

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).

1. Name and Address of Reporting Person^*

Esposito Joseph J

(Last) (First) (Middle)

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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		A		20,000(1)	A	$0	110,447(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
Options (Right to Buy)	$3.13	09/15/2025		A		40,000		(3)	09/15/2031	Common Stock	40,000	$0	40,000	D

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 September 15, 2027.

2. Direct: 956; Unvested RSUs: 109,491.

3. Provided employment continues through the applicable vesting dates, these options vest on September 15, 2028.

Remarks:

	/s/ Christine McDevitt, Attorney-in-fact	09/17/2025
	** 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 transactions did DNUT officer Joseph J. Esposito report on Form 4?

The officer reported acquiring 20,000 RSUs and 40,000 options on 09/15/2025.

When do the RSUs and options vest according to the filing?

The RSUs vest on 09/15/2027 and the options vest on 09/15/2028 with options expiring 09/15/2031.

How many shares does the reporting person beneficially own after the transactions?

The filing shows 110,447 shares beneficially owned: 956 direct shares and 109,491 unvested RSUs/options.

What is the exercise price of the granted options?

The options have a stated exercise price of $3.13 per share.

Does the Form 4 show any dispositions or cash sales by the reporting person?

No. The Form 4 reports only acquisitions (RSUs and options) and no dispositions or sales.