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Krispy Kreme, Inc.
DNUT
Amendment
Ownership

43.56%

Total Shares

74,190,990

Issuer CIK

1857154

CUSIP

50101L106

Event Date

Apr 22, 2025

Accepted

Apr 25, 2025, 05:09 PM

SEC EDGARView Original Filing
Reporting Persons (7)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
JAB Indulgence B.V.
Holding Company
43.56%74,190,990074,190,990
JAB Holdings B.V.
Holding Company
43.56%74,190,990074,190,990
JAB Investments S.a r.l.
Holding Company
43.56%74,190,990074,190,990
JAB Holding Company S.a r.l.
Holding Company
43.56%74,190,990074,190,990
Joh. A. Benckiser S.a r.l.
Holding Company
43.56%74,190,990074,190,990
Agnaten SE
Holding Company
43.56%74,190,990074,190,990
Lucresca SE
Holding Company
43.56%74,190,990074,190,990
Disclosure Items (5)

Security Title

Common Stock, Par Value $0.01 Per Share

Issuer Name

Krispy Kreme, Inc.

Issuer Address

2116 HAWKINS STREET, CHARLOTTE, NC, 28203

Item 4 is hereby amended and supplemented as follows: Arrangements with Bernardo Hees On April 23, 2025, JAB Indulgence agreed to sell to Bernardo Hees 694,445 shares of common stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. (the "Company") for an aggregate purchase price of $3,000,000, pursuant to a Stock Purchase Agreement by and between JAB Indulgence and Mr. Hees (the "Stock Purchase Agreement"). Also pursuant to the Stock Purchase Agreement, JAB Indulgence agreed to grant to Mr. Hees, who will provide consulting services to JAB Holdings B.V. with respect to its indirect interest in the Company, (i) an option to purchase 4,166,670 Shares currently held by JAB Indulgence (the "Matching Option") and (ii) a one-time incentive award in the form of restricted stock units with respect to 173,612 Shares (the "RSUs"). Each of the Matching Option (or a portion thereof) and the RSUs will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and Mr. Hees, as more fully described in the Stock Purchase Agreement substantially in the form attached as Exhibit 8 to this Amendment No. 12.

Percentage of Class

JAB Indulgence beneficially owns 74,190,990 Shares, which represents 43.56% of the issued and outstanding Shares as of February 14, 2025, as set forth in the Annual Report on Form 10-K (the "Latest Disclosure"), filed by the Company with the United States Securities and Exchange Commission (the "Commission") on February 27, 2025.

Number of Shares

Each other Reporting Person may be deemed, for purposes of Rule 13d-3 under the Exchange Act, to share the power to vote or dispose, or to direct the voting or disposition of, the 74,190,990 Shares beneficially owned by JAB Indulgence. Therefore, for the purpose of Rule 13d-3, JAB Holdings, JAB Investments, JAB Holding Company, Joh. A. Benckiser, Agnaten and Lucresca may be deemed to be the beneficial owners of an aggregate of 74,190,990 Shares, which represents 43.56% of the issued and outstanding Shares as of February 14, 2025, as set forth in the Latest Disclosure. Except as set forth in this Item 5(a), none of the Reporting Persons, and, to the best knowledge of the Reporting Persons, none of the persons named in Schedule A hereto beneficially owns any Shares. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission by the Reporting Persons that it is the beneficial owner of any Shares.

Transactions

Except as set forth in Item 4, none of the Reporting Persons, and to the best knowledge of the Reporting Persons, none of the persons named in Schedule A hereto, has effected any transactions in the Shares during the past 60 days.

Shareholders

None of the Reporting Persons and, to the best knowledge of the Reporting Persons, none of the persons named in Schedule A hereto or any other person, and no other person, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of the Company reported herein.

Date of 5% Ownership

Not applicable.

As described in Item 4 above, JAB Indulgence entered into the Stock Purchase Agreement with Mr. Hees, substantially in the form attached as Exhibit 8 to this Amendment No. 12, which is incorporated by reference into this Item 6.

Exhibit No. 8: Stock Purchase Agreement, dated as of April 23, 2025, by and between JAB Indulgence B.V. and Bernardo Hees.