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Krispy Kreme (DNUT) CEO has shares withheld for RSU tax obligations

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(Neutral)
Form Type
4

Rhea-AI Filing Summary

Krispy Kreme, Inc. President & CEO Josh Charlesworth reported a routine tax-related share disposition. On May 1, 2026, 7,569 shares of common stock at $3.94 per share were withheld to cover taxes owed on vesting restricted stock units. This was not an open‑market sale but a tax-withholding mechanism. Following the transaction, he directly holds 1,031,040 common shares and also has indirect holdings through a revocable trust and a family LLC.

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Insider Charlesworth Josh
Role President & CEO
Type Security Shares Price Value
Tax Withholding Common Stock 7,569 $3.94 $30K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,031,040 shares (Direct, null); Common Stock — 281,857 shares (Indirect, By Family LLC)
Footnotes (1)
  1. Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs"). Direct: 182,417, unvested RSUs: 848,623.
Tax-withheld shares 7,569 shares Shares surrendered for RSU tax withholding on May 1, 2026
Withholding price $3.94 per share Value used for tax-withholding disposition
Direct holdings after transaction 1,031,040 shares Common stock directly held following Form 4 event
Revocable trust holdings 276,671 shares Common stock held indirectly via revocable trust
Family LLC holdings 281,857 shares Common stock held indirectly via family LLC
Unvested RSUs 848,623 units Restricted stock units not yet vested
restricted stock units ("RSUs") financial
"shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding financial
"shares surrendered to cover tax withholding for the vesting of restricted stock units"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Revocable Trust financial
"total_shares_following_transaction ... nature_of_ownership: "Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Family LLC financial
"nature_of_ownership: "By Family LLC""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Charlesworth Josh
(Last)(First)(Middle)
C/O KRISPY KREME, INC.
2116 HAWKINS STREET, SUITE 101
(Street)
CHARLOTTE NORTH CAROLINA 28203
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Krispy Kreme, Inc. [ DNUT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/01/2026F7,569(1)D$3.941,031,040(2)D
Common Stock281,857IBy Family LLC
Common Stock276,671IRevocable Trust
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").
2. Direct: 182,417, unvested RSUs: 848,623.
Remarks:
/s/ Christine McDevitt, Attorney-in-fact05/04/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Krispy Kreme (DNUT) CEO Josh Charlesworth report in this Form 4?

Josh Charlesworth reported a routine tax-related share disposition. 7,569 Krispy Kreme common shares were withheld at $3.94 per share to pay taxes due on vesting restricted stock units, rather than sold in the open market.

Was the Krispy Kreme (DNUT) CEO’s Form 4 transaction an open-market sale?

No, it was not an open-market sale. The filing shows shares surrendered to cover tax withholding for vesting RSUs, coded as an F transaction, meaning shares were withheld by the company to satisfy tax obligations.

How many Krispy Kreme (DNUT) shares were involved in the CEO’s tax withholding?

The Form 4 reports 7,569 common shares at $3.94 per share were surrendered. These shares were used specifically to pay tax liabilities arising from the vesting of restricted stock units, according to the filing footnotes.

How many Krispy Kreme (DNUT) shares does the CEO hold after this Form 4 event?

After the tax-withholding disposition, the filing shows Josh Charlesworth directly holds 1,031,040 Krispy Kreme common shares. He also has additional indirect holdings through a revocable trust and a family LLC, reported separately in the Form 4.

What does the RSU disclosure mean in the Krispy Kreme (DNUT) Form 4?

The footnotes note unvested restricted stock units (RSUs), which are share-based awards that vest over time. As RSUs vest, taxes become due, and the company can withhold shares, as seen here, instead of the executive paying cash for the tax liability.

How are the Krispy Kreme (DNUT) CEO’s indirect holdings structured in this Form 4?

The Form 4 lists indirect Krispy Kreme holdings under a revocable trust and a family LLC. These entries reflect shares held through related entities rather than directly, and are identified in the filing as indirect ownership positions.