Form 4: Krispy Kreme CEO's Tax-Related Stock Disposition

Krispy Kreme President and CEO Josh Charlesworth reported a disposition of 42,037 common shares for tax withholding related to RSU vesting.

Summary

• Josh Charlesworth, President & CEO and Director of Krispy Kreme, Inc. (DNUT), reported a transaction on January 16, 2026.
• The transaction involved the disposition of 42,037 shares of Krispy Kreme Common Stock.
• These shares were surrendered to cover tax withholding obligations arising from the vesting of restricted stock units (RSUs).
• The shares were valued at $3.695 per share for the purpose of this transaction.
• Following this transaction, Charlesworth directly beneficially owns 1,038,100 shares, which includes 155,963 direct shares and 882,137 unvested RSUs.
• Additionally, Charlesworth indirectly beneficially owns 281,857 shares through a Family LLC and 276,671 shares through a Revocable Trust, bringing total beneficial ownership to 1,596,628 shares.

Sentiment

Score: 6

Explanation: The transaction reflects the routine vesting of restricted stock units for the CEO, a form of compensation. The disposition of shares is solely for tax withholding purposes, not a discretionary sale, and the CEO retains substantial beneficial ownership.

Positives

• The transaction indicates the vesting of restricted stock units (RSUs), which represents a compensation benefit for the CEO.
• The CEO retains a significant beneficial ownership of 1,596,628 shares in Krispy Kreme, demonstrating continued alignment with shareholder interests.

Negatives

• A portion of the CEO's shares (42,037) were disposed of, reducing direct beneficial ownership, although this was for tax purposes rather than a discretionary sale.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related transaction, not a discretionary sale indicating a change in confidence. It confirms the CEO's ongoing compensation structure.
• Management: The transaction is a standard part of the CEO's compensation package, reflecting the vesting of previously granted equity awards.

Key Dates

Keywords

Krispy Kreme, DNUT, Josh Charlesworth, Insider transaction, Form 4, Restricted Stock Units, RSU vesting, Tax withholding, CEO, Stock disposition