Steele Nicola 4

What Happened
Nicola Steele, Chief Operating Officer of Krispy Kreme, received 1,382 shares on January 29, 2026 as the result of performance-based restricted stock units (PSUs) vesting. To satisfy tax withholding on the vesting, 467 shares were surrendered (disposed) at an implied value of $3.16 per share, totaling $1,476. The award shares were recorded at $0 acquisition price (code A); the surrender for taxes is reported under code F.

Key Details

• Transaction date: 2026-01-29 (Period of Report). Form filed: 2026-02-02.
• Award: 1,382 shares acquired, $0.00 per share (code A).
• Tax withholding: 467 shares disposed at $3.16 each, total $1,476 (code F).
• Holdings after transaction (per filing): Direct holdings 12,601 shares; unvested RSUs/PSUs: 307,634.
• Footnotes: F1 — shares were received for achievement of performance criteria tied to previously awarded PSUs. F2 — shares were surrendered to cover tax withholding.
• No indication this filing was late and no 10b5-1 plan or sale-for-cash reported.

Context
This was a compensation-related vesting of performance shares, not an open-market purchase or discretionary sale. Surrendering shares to cover taxes is a routine, common practice (a cashless withholding) and does not by itself signal insider bullish or bearish intent.