Duvivier Raphael 4

What Happened

• Raphael Duvivier, Chief Financial Officer of Krispy Kreme, surrendered 5,967 shares on 2026-05-08 to cover tax withholding related to the vesting of restricted stock units (RSUs). The transaction was recorded at $3.64 per share, totaling $21,720. This was a tax-withholding disposition (transaction code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (filed within the typical two-business-day window).
• Shares surrendered/disposed: 5,967 at $3.64 per share; total value ≈ $21,720.
• Footnote F1: shares were surrendered to cover tax withholding for RSU vesting.
• Ownership reported after the transaction (footnote F2): direct ownership 153,010 shares; unvested RSUs 399,597.
• Transaction type: F (tax withholding/cashless share surrender), not an open-market sale (S) or purchase (P).

Context

• Surrendering shares to cover tax on vested RSUs is a routine administrative step and does not necessarily signal the insider’s view on the company’s stock. This was a cashless tax-withholding action tied to RSU vesting.