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

Rhea-AI Filing Summary

Krispy Kreme, Inc. (DNUT) Form 4: Chief Accounting Officer Kelly P. McBride was granted 62,696 restricted stock units (RSUs) on 07/01/2025 at an acquisition price of $0. Following the award, McBride’s direct beneficial ownership rises to 149,147 shares, comprising 9,251 common shares and 139,896 unvested RSUs.

The RSUs vest 60 % on 07/01/2026 and 40 % on 07/01/2027, settling one-for-one into common stock upon vesting. No sales, option exercises, or other derivative transactions were reported. The filing represents routine equity compensation designed to align management incentives with long-term shareholder value and does not, on its own, signal a change in the company’s financial outlook.

Insights

Securities Analyst

TL;DR: Routine RSU grant to CAO; no market purchase or sale; neutral for valuation.

The Form 4 discloses only a new equity award, not an open-market transaction. Because RSUs vest over two years, immediate dilution is limited and already contemplated in equity-compensation expense. The absence of insider selling avoids negative sentiment, but the lack of open-market buying also limits any bullish signaling. From a trading perspective, the filing is informational with negligible short-term price impact.

Corporate Governance Expert

TL;DR: Standard incentive alignment; supports retention, but immaterial strategically.

The staggered 60/40 vesting schedule encourages executive retention through 2027, aligning managerial interests with shareholders over a multiyear horizon. Such cadence is common for senior finance officers and reflects board compensation policy rather than a strategic shift. Investors should monitor future Form 4s for open-market activity, which provides clearer sentiment signals.

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^*

McBride Kelly P

(Last) (First) (Middle)

C/O KRISPY KREME, INC.

2116 HAWKINS ST

(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)
07/01/2025

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	07/01/2025		A		62,696(1)	A	$0	149,147(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 60% on July 1, 2026 and 40% on July 1, 2027.

2. Direct: 9,251, unvested RSUs: 139,896.

Remarks:

	/s/ Christine McDevitt, Attorney-in-fact	07/03/2025
	** 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 Krispy Kreme (DNUT) shares did Kelly P. McBride acquire?

62,696 restricted stock units were granted on 07/01/2025.

What is the vesting schedule for the newly granted RSUs?

The RSUs vest 60 % on 07/01/2026 and 40 % on 07/01/2027.

What is McBride’s total beneficial ownership after the transaction?

McBride now holds 149,147 DNUT shares (9,251 common shares plus 139,896 unvested RSUs).

Was there any sale of DNUT shares reported in this Form 4?

No. The filing only reports an RSU grant; no sales or option exercises occurred.

Does the RSU grant indicate insider confidence in Krispy Kreme?

Because it is a routine compensation award, it is considered neutral and not a direct indicator of insider sentiment.