Krispy Kreme, Inc. — Director's Dealing 2021

Aug 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Krispy Kreme, Inc. (DNUT)
CIK: 0001857154
Period of Report: 2021-08-23

Reporting Person: JAB Holdings B.V. (10% Owner)
Reporting Person: JAB Indulgence B.V. (10% Owner)
Reporting Person: JAB Investments S.a r.l. (10% Owner)
Reporting Person: JAB Holding Co s.a r.l. (10% Owner)
Reporting Person: Joh. A. Benckiser B.V. (10% Owner)
Reporting Person: Agnaten SE (10% Owner)
Reporting Person: Lucresca SE (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-23	Common Stock, par value $0.01 per share	P	77988	$15.5989	Acquired	6489837	Direct
2021-08-23	Common Stock, par value $0.01 per share	P	278692	$16.5177	Acquired	6768529	Direct
2021-08-24	Common Stock, par value $0.01 per share	P	204966	$16.8385	Acquired	6973495	Direct
2021-08-24	Common Stock, par value $0.01 per share	P	151714	$17.2370	Acquired	7125209	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	62142733	Indirect

Footnotes

F1: On August 23, 2021, JAB Holdings B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $15.1100 to $16.1050, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3: These Shares are held and beneficially owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein (other than JAB Indulgence B.V.). As such, each other Reporting Person herein (other than JAB Indulgence B.V.) may be deemed a beneficial owner of Shares held by JAB Holdings B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

F4: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $16.1150 to $16.9100, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F5: On August 24, 2021, JAB Holdings B.V. purchased Shares of Krispy Kreme in open market transactions.

F6: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $16.0900 to $17.0850, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F7: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $17.0900 to $17.3000, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F8: These Shares are held and beneficially owned by JAB Indulgence B.V., a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed a beneficial owner of Shares held by JAB Indulgence B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.