Sec Form 4 Filing - JAB Holdings B.V. @ Krispy Kreme, Inc. - 2024-08-10

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person JAB Holdings B.V. 2. Issuer Name and Ticker or Trading Symbol Krispy Kreme, Inc. [ DNUT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) PIET HEINKADE 55 3. Date of Earliest Transaction (MM/DD/YY) 08/10/2024 (Street) AMSTERDAM, P71019 GM 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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, par value $0.01 per share 74,885,435 I See footnotes. ( 1 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Cash-Settled Total Return Swap ( 2 ) ( 2 ) 08/10/2024 P/K( 2 ) 7,069,936 ( 2 ) ( 2 ) ( 2 ) Common Stock 7,069,936 $ 12.7352 ( 3 ) 30,465,056 D ( 6 ) Cash-Settled Total Return Swap ( 4 ) ( 5 ) ( 4 ) ( 5 ) 08/12/2024 J/K( 4 )( 5 ) 6,500,000 ( 4 ) ( 5 ) ( 4 )( 5 ) ( 4 )( 5 ) Common Stock 6,500,000 ( 4 ) ( 5 ) 30,465,056 D ( 6 ) Cash-Settled Total Return Swap ( 4 ) ( 5 ) ( 4 ) ( 5 ) 08/12/2024 J/K( 4 )( 5 ) 2,000,000 ( 4 ) ( 5 ) ( 4 )( 5 ) ( 4 )( 5 ) Common Stock 2,000,000 ( 4 ) ( 5 ) 30,465,056 D ( 6 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other JAB Holdings B.V. PIET HEINKADE 55 AMSTERDAM, P71019 GM X JAB Investments S.a r.l. 4, RUE JEAN MONNET LUXEMBOURG, N4L-2180 X JAB Holding Co s.a r.l. 4, RUE JEAN MONNET LUXEMBOURG, N4L-2180 X Joh. A. Benckiser s.a.r.l. PIET HEINKADE 55 AMSTERDAM, P71019 GM X Agnaten SE 4, RUE JEAN MONNET LUXEMBOURG, N4L-2180 X Lucresca SE 4, RUE JEAN MONNET LUXEMBOURG, N4L-2180 X Signatures /s/ Sebastiaan Wolvers, Managing Director of JAB Holdings B.V.; /s/ Frank Engelen, Managing Director of JAB Holdings B.V. 08/13/2024 Signature of Reporting Person Date /s/ Sebastiaan Wolvers, Manager of JAB Investments s.a r.l.; /s/ Jonathan Norman, Manager of JAB Investments s.a r.l. 08/13/2024 Signature of Reporting Person Date /s/ Frank Engelen, Manager of JAB Holding Company s.a r.l.; /s/ Jonathan Norman, Manager of JAB Holding Company s.a r.l. 08/13/2024 Signature of Reporting Person Date /s/ Joachim Creus, Director of Joh. A. Benckiser B.V.; /s/ Jonathan Norman, Director of Joh. A. Benckiser B.V. 08/13/2024 Signature of Reporting Person Date /s/ Joachim Creus, Authorized Representative of Lucresca SE 08/13/2024 Signature of Reporting Person Date /s/ Joachim Creus, Authorized Representative of Agnaten SE 08/13/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These shares (the "Shares") of common stock, par value $0.01 per share (the "Common Stock"), of Krispy Kreme, Inc. (the "Company") are held and beneficially owned by JAB Indulgence B.V., a direct or indirect subsidiary of each Reporting Person herein. As such, each 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. ( 2 )JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "HSBC Long Swap") with HSBC Continental Europe ("HSBC"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by HSBC with an aggregate initial price not to exceed $100,000,000 (and not to exceed 8,000,000 Shares) (the "HSBC Subject Shares") in the aggregate that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the HSBC Subject Shares. All balances will be exclusively cash settled. The HSBC Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the HSBC Long Swap during certain specified earlier periods if it so chooses. As of the outside hedge date of August 10, 2024, long exposure had been established with respect to a notional amount of 7,069,936 Shares. ( 3 )The price reported in Column 8 reflects the reference price of the HSBC Subject Shares upon the establishment of the HSBC Long Swap position. ( 4 )As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled. ( 5 )On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect. ( 6 )The HSBC Long Swap and the BNP Paribas Long Swaps (together, the "Long Swaps") (but not the HSBC Subject Shares or BNP Paribas Subject Shares (together, the "Subject Shares") referenced thereby) are owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swaps do not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require HSBC or BNP Paribas, as applicable, to acquire, hold, v ote or dispose of any securities of the Company. Each Reporting Person disclaims beneficial ownership of the securities reported herein, including the Subject Shares, except to the extent of its pecuniary interest therein, and this Form 4 shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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