BNP Paribas reports 15.3M-share stake in Krispy Kreme (DNUT)

Rhea-AI Filing Summary

BNP Paribas reports beneficial ownership of 15,301,565 shares (8.88%) of Krispy Kreme Inc. The filing, submitted on a Schedule 13G, states BNP Paribas has sole voting and sole dispositive power over the 15,301,565 shares as of 03/31/2026. The filer certifies that the applicable foreign regulatory scheme in France is substantially comparable to U.S. rules and agrees to provide additional information to the Commission upon request. The form is signed by Steve Nawrocki, MD, Head of EQD Americas, dated 05/12/2026.

Insights

Institutional Ownership Analyst

BNP Paribas holds a sizable passive stake in Krispy Kreme.

BNP Paribas reports beneficial ownership of 15,301,565 shares, representing 8.88% of the class as of 03/31/2026. The filing lists sole voting and dispositive power, indicating centralized voting control for this stake.

Implications depend on BNP Paribas's investment mandate; this Schedule 13G indicates a passive investor profile rather than an activist intent. Subsequent filings would clarify any change in intent or voting plans.

Securities Compliance Counsel

Schedule 13G signals passive reporting and foreign regulatory parity disclosure.

The filer certifies comparability of the French regulatory regime and commits to furnish information otherwise required on Schedule 13D. The signature by an authorized MD formalizes the passive-holder disclosure under U.S. rules for beneficial owners.

Monitor future amendments or a Schedule 13D conversion for any shift from passive to active status; filings would change the regulatory obligations and disclosure cadence.

Key Figures

Beneficial ownership: 15,301,565 shares Percent of class: 8.88% Sole voting power: 15,301,565 shares +3 more

6 metrics

Beneficial ownership 15,301,565 shares as of 03/31/2026

Percent of class 8.88% ownership percentage

Sole voting power 15,301,565 shares reported sole voting power

Sole dispositive power 15,301,565 shares reported sole dispositive power

Filing type Schedule 13G beneficial ownership disclosure

Signature date 05/12/2026 filing signed by Steve Nawrocki

Key Terms

Schedule 13G, beneficial ownership, sole dispositive power, foreign regulatory scheme comparability

4 terms

Schedule 13G regulatory

"Filed as a Schedule 13G reporting beneficial ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficial ownership financial

"Amount beneficially owned: 15301565.0 and Percent of class: 8.88 %"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 15301565.0"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

foreign regulatory scheme comparability regulatory

"foreign regulatory scheme applicable to A non US Bank registered in FRANCE is substantially comparable"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

KRISPY KREME INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

US50101L1061

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): US50101L1061

1

Names of Reporting Persons

BNP Paribas SA

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FRANCE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,301,565.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 15,301,565.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,301,565.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.88 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KRISPY KREME INC
(b)	Address of issuer's principal executive offices: 2116 HAWKINS STREET, Charlotte, NC 28203
Item 2.
(a)	Name of person filing: BNP Paribas SA
(b)	Address or principal business office or, if none, residence: 16 boulevard des Italiens, 75009 Paris
(c)	Citizenship: France
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): US50101L1061
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	A non US Bank registered in FRANCE
Item 4.	Ownership
(a)	Amount beneficially owned: 15301565.0
(b)	Percent of class: 8.88 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 15301565.0
	(ii) Shared power to vote or to direct the vote: 0.0
	(iii) Sole power to dispose or to direct the disposition of: 15301565.0
	(iv) Shared power to dispose or to direct the disposition of: 0.0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired andare held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect ofchanging or influencing the control of the issuer of the securities and were not acquired and are not held in connection withor as a participant in any transaction having that purpose or effect, other than activities solely in connection with anomination under § 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to A non US Bank registered in France is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BNP Paribas SA

Signature:	Steve Nawrocki
Name/Title:	MD, Head of EQD Americas
Date:	05/12/2026

FAQ

What stake does BNP Paribas report in Krispy Kreme (DNUT)?

BNP Paribas reports ownership of 15,301,565 shares, equal to 8.88% of Krispy Kreme's common stock as of 03/31/2026. The filing lists sole voting and dispositive power over these shares and is filed as a Schedule 13G.

Does the Schedule 13G filed for DNUT indicate activist intent?

No. The Schedule 13G filing indicates a passive reporting status rather than activist intent. The filer certifies comparability of its foreign regulatory regime and does not convert to a Schedule 13D in this filing.

Who signed the Krispy Kreme Schedule 13G for BNP Paribas?

The filing is signed by Steve Nawrocki, MD, Head of EQD Americas, with a signature date of 05/12/2026. The signature certifies the accuracy of the reported beneficial ownership information.

What voting and dispositive powers does BNP Paribas report for DNUT shares?

BNP Paribas reports sole voting power and sole dispositive power over 15,301,565 shares. The filing shows zero shared voting or dispositive power for this position as of 03/31/2026.

Will BNP Paribas provide additional information about its DNUT stake?

Yes. The filer undertakes to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D, indicating readiness to supply further details if requested by regulators or the Commission.