Duvivier Raphael 4

What Happened Raphael Duvivier, Chief Financial Officer of Krispy Kreme (DNUT), received 1,382 shares of common stock on 2026-01-29 in connection with the vesting/achievement of performance-based restricted stock units (PSUs). To cover tax withholding on the vesting, he surrendered 650 of those shares (disposed) at $3.16 per share for a tax withholding value of $2,054. Net of the withholding, he retained 732 shares from this vesting event.

Key Details

• Transaction date: January 29, 2026. Award (A): 1,382 shares @ $0.00; Tax withholding (F): 650 shares @ $3.16 (disposed) = $2,054.
• Shares owned after transaction: Directly owned 144,634 shares; unvested RSUs/PSUs 414,899 — total beneficial interest reported = 559,533.
• Footnotes: F1 — shares received from achievement of performance criteria tied to previously awarded PSUs; F2 — shares surrendered to cover tax withholding; F3 — holdings breakdown above.
• Filing timeliness: Report filed 2026-02-02 for a 2026-01-29 transaction and flagged late (L). Late filings delay public disclosure but do not change the substance of the transaction.

Context This was a vesting/award event (not an open-market purchase or planned sale). Surrendering shares to satisfy tax withholding is a routine administrative step (a cashless withholding) and does not necessarily signal insider buying or selling intent. Purchases by insiders tend to be more informative about sentiment; this report documents compensation-related vesting and tax payment.