M&A - JAB Holdings B.V.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-04-25

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925039509

Filing Summary: On April 23, 2025, JAB Indulgence B.V. entered into a Stock Purchase Agreement with Bernardo Hees to sell 694,445 shares of common stock of Krispy Kreme, Inc. for an aggregate purchase price of $3,000,000. Additionally, JAB Indulgence will grant Mr. Hees an option to purchase 4,166,670 shares and a one-time incentive award in the form of restricted stock units amounting to 173,612 shares, with certain vesting terms associated with these awards. The document reports that JAB Indulgence beneficially owns a total of 74,190,990 shares, representing approximately 43.56% of the outstanding shares as of February 14, 2025. It also states that other related entities may share beneficial ownership of these shares under Rule 13d-3 of the Exchange Act. The filing does not disclose any additional transactions or beneficial ownership by other reporting persons in the last 60 days except for those outlined in the amendment.