Krispy Kreme Board Member Gets $500K+ Stock Package with 3-Year Lock-up

Rhea-AI Filing Summary

Krispy Kreme director Easwaran Sundaram received a significant equity grant on June 17, 2025, as reported in this Form 4 filing. The transaction details reveal:

• Acquired 47,795 restricted stock units (RSUs) at $0 cost basis
• RSUs will vest on June 17, 2028 (3-year vesting period)
• Upon vesting, RSUs convert to common stock on a one-for-one basis
• All securities are held in direct ownership

This equity grant appears to be part of director compensation and represents a significant long-term alignment between the director and shareholder interests. The three-year vesting period serves as a retention mechanism while incentivizing long-term value creation.

Positive

• Director Easwaran received 47,795 RSUs with 3-year vesting period, representing a significant long-term alignment with shareholder interests

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

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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^*

Sundaram Easwaran

(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)

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	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)
				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. 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.

FAQ

How many Krispy Kreme (DNUT) shares did Director Sundaram Easwaran receive on June 17, 2025?

Director Sundaram Easwaran received 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 Sundaram Easwaran's DNUT restricted stock units (RSUs) vest?

The restricted stock units (RSUs) granted to Sundaram Easwaran will vest on June 17, 2028, approximately three years from the grant date, subject to certain terms and conditions.

What was the purchase price of DNUT RSUs granted to Director Easwaran?

The restricted stock units (RSUs) were granted to Director Easwaran at $0 cost, as indicated in the Form 4 filing under the 'Price' column of Table I.

How many total DNUT shares does Sundaram Easwaran own after this transaction?

Following this transaction, Sundaram Easwaran beneficially owns 47,795 unvested RSUs of Krispy Kreme (DNUT) in direct ownership form. These are all currently unvested and will convert to common stock upon vesting in 2028.