Krispy Kreme, Inc. — Director's Dealing 2021

Aug 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Krispy Kreme, Inc. (DNUT)
CIK: 0001857154
Period of Report: 2021-08-19

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
2021-08-19	Common Stock, par value $0.01 per share	P	99047	$13.5423	Acquired	5981400	Direct
2021-08-19	Common Stock, par value $0.01 per share	P	83192	$14.8700	Acquired	6064592	Direct
2021-08-19	Common Stock, par value $0.01 per share	P	52509	$15.2295	Acquired	6117101	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: On August 19, 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 $13.1800 to $14.1600, 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 $14.1900 to $15.1750, 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: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $15.1800 to $15.2800, 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.

F6: 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.