DNUT

SEC source: 0001104659-25-039531 · tm2513225-1_4seq1.xml · derivative · entry 3

JAB Indulgence B.V. · CIK 0001869810 · 10% owner

JAB Holdings B.V. · CIK 0001579134 · 10% owner

JAB Investments S.a r.l. · CIK 0001747036 · 10% owner

JAB Holding Co s.a r.l. · CIK 0001621428 · 10% owner

Joh. A. Benckiser s.a.r.l. · CIK 0001746867 · 10% owner

Agnaten SE · CIK 0001579044 · 10% owner

Lucresca SE · CIK 0001394212 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 173,612

Underlying: Common Stock · 173,612 shares

Expires not disclosed

F3 · security: On April 23, 2025, JAB Indulgence agreed to grant to a one-time incentive award in the form of restricted stock units with respect to 173,612 Shares (the "RSUs") to an individual in a privately negotiated transaction. The RSUs represent a contingent right to receive one Share for each RSU. The RSUs will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F3 · derivative.exercise_price: On April 23, 2025, JAB Indulgence agreed to grant to a one-time incentive award in the form of restricted stock units with respect to 173,612 Shares (the "RSUs") to an individual in a privately negotiated transaction. The RSUs represent a contingent right to receive one Share for each RSU. The RSUs will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F3 · kind: On April 23, 2025, JAB Indulgence agreed to grant to a one-time incentive award in the form of restricted stock units with respect to 173,612 Shares (the "RSUs") to an individual in a privately negotiated transaction. The RSUs represent a contingent right to receive one Share for each RSU. The RSUs will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F3 · shares: On April 23, 2025, JAB Indulgence agreed to grant to a one-time incentive award in the form of restricted stock units with respect to 173,612 Shares (the "RSUs") to an individual in a privately negotiated transaction. The RSUs represent a contingent right to receive one Share for each RSU. The RSUs will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F3 · price: On April 23, 2025, JAB Indulgence agreed to grant to a one-time incentive award in the form of restricted stock units with respect to 173,612 Shares (the "RSUs") to an individual in a privately negotiated transaction. The RSUs represent a contingent right to receive one Share for each RSU. The RSUs will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F3 · derivative.exercise_date: On April 23, 2025, JAB Indulgence agreed to grant to a one-time incentive award in the form of restricted stock units with respect to 173,612 Shares (the "RSUs") to an individual in a privately negotiated transaction. The RSUs represent a contingent right to receive one Share for each RSU. The RSUs will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F3 · derivative.expiration_date: On April 23, 2025, JAB Indulgence agreed to grant to a one-time incentive award in the form of restricted stock units with respect to 173,612 Shares (the "RSUs") to an individual in a privately negotiated transaction. The RSUs represent a contingent right to receive one Share for each RSU. The RSUs will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F5 · ownership.direct: This Matching Option and these RSUs, as applicable, are granted by JAB Indulgence with respect to Shares held and beneficially owned by JAB Indulgence, a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed a beneficial owner of Shares held by JAB Indulgence. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-25-039531 · tm2513225-1_4seq1.xml · derivative · entry 2

JAB Indulgence B.V. · CIK 0001869810 · 10% owner

JAB Holdings B.V. · CIK 0001579134 · 10% owner

JAB Investments S.a r.l. · CIK 0001747036 · 10% owner

JAB Holding Co s.a r.l. · CIK 0001621428 · 10% owner

Joh. A. Benckiser s.a.r.l. · CIK 0001746867 · 10% owner

Agnaten SE · CIK 0001579044 · 10% owner

Lucresca SE · CIK 0001394212 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,166,670

Underlying: Common Stock · 4,166,670 shares

Expires not disclosed

F2 · security: On April 23, 2025, JAB Indulgence agreed to grant an option to purchase 4,166,670 Shares currently held by JAB Indulgence (the "Matching Option") to an individual in a privately negotiated transaction. The Matching Option (or a portion thereof) will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F2 · derivative.exercise_price: On April 23, 2025, JAB Indulgence agreed to grant an option to purchase 4,166,670 Shares currently held by JAB Indulgence (the "Matching Option") to an individual in a privately negotiated transaction. The Matching Option (or a portion thereof) will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F2 · kind: On April 23, 2025, JAB Indulgence agreed to grant an option to purchase 4,166,670 Shares currently held by JAB Indulgence (the "Matching Option") to an individual in a privately negotiated transaction. The Matching Option (or a portion thereof) will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F2 · shares: On April 23, 2025, JAB Indulgence agreed to grant an option to purchase 4,166,670 Shares currently held by JAB Indulgence (the "Matching Option") to an individual in a privately negotiated transaction. The Matching Option (or a portion thereof) will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F2 · price: On April 23, 2025, JAB Indulgence agreed to grant an option to purchase 4,166,670 Shares currently held by JAB Indulgence (the "Matching Option") to an individual in a privately negotiated transaction. The Matching Option (or a portion thereof) will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F2 · derivative.exercise_date: On April 23, 2025, JAB Indulgence agreed to grant an option to purchase 4,166,670 Shares currently held by JAB Indulgence (the "Matching Option") to an individual in a privately negotiated transaction. The Matching Option (or a portion thereof) will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F2 · derivative.expiration_date: On April 23, 2025, JAB Indulgence agreed to grant an option to purchase 4,166,670 Shares currently held by JAB Indulgence (the "Matching Option") to an individual in a privately negotiated transaction. The Matching Option (or a portion thereof) will vest on the fifth anniversary of the grant date, subject to certain terms and conditions to be included in an award agreement between JAB Indulgence and such individual.

F5 · ownership.direct: This Matching Option and these RSUs, as applicable, are granted by JAB Indulgence with respect to Shares held and beneficially owned by JAB Indulgence, a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed a beneficial owner of Shares held by JAB Indulgence. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-25-039531 · tm2513225-1_4seq1.xml · nonDerivative · entry 1

JAB Indulgence B.V. · CIK 0001869810 · 10% owner

JAB Holdings B.V. · CIK 0001579134 · 10% owner

JAB Investments S.a r.l. · CIK 0001747036 · 10% owner

JAB Holding Co s.a r.l. · CIK 0001621428 · 10% owner

Joh. A. Benckiser s.a.r.l. · CIK 0001746867 · 10% owner

Agnaten SE · CIK 0001579044 · 10% owner

Lucresca SE · CIK 0001394212 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 74,190,990

F1 · shares: On April 23, 2025, JAB Indulgence B.V. ("JAB Indulgence") agreed to sell 694,445 shares (the "Shares") of common stock, par value $0.01 per share (the "Common Stock"), of Krispy Kreme, Inc. (the "Company") in a privately negotiated transaction.

F1 · price: On April 23, 2025, JAB Indulgence B.V. ("JAB Indulgence") agreed to sell 694,445 shares (the "Shares") of common stock, par value $0.01 per share (the "Common Stock"), of Krispy Kreme, Inc. (the "Company") in a privately negotiated transaction.

F4 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence, a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed a beneficial owner of Shares held by JAB Indulgence. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001857154-25-000052 · wk-form4_1745011163.xml · nonDerivative · entry 1

Holder Alison · CIK 0002053090 · Chief Product Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 125,794

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

F2 · price: Reflects closing price of Company common stock on 4/3/25 based on the scheduled vesting date of 4/4/25. Due to an administrative error, the shares were distributed 4/17/25.

F3 · balance_after: Direct: 37,011, unvested RSUs: 88,783.

SEC source: 0001857154-25-000048 · wk-form4_1744403007.xml · nonDerivative · entry 2

Steele Nicola · CIK 0002057166 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 198,140

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Direct: 750, unvested RSUs: 197,390.

SEC source: 0001857154-25-000048 · wk-form4_1744403007.xml · nonDerivative · entry 1

Steele Nicola · CIK 0002057166 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 104,899

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

SEC source: 0001857154-25-000045 · wk-form4_1744402859.xml · nonDerivative · entry 1

Holder Alison · CIK 0002053090 · Chief Product Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 127,202

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Direct: 34,279, unvested RSUs: 92,923.

SEC source: 0001857154-25-000041 · wk-form4_1744402629.xml · nonDerivative · entry 1

Adams Atiba · CIK 0002027259 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 96,934

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Unvested RSUs.

SEC source: 0001857154-25-000050 · wk-form4_1744403102.xml · nonDerivative · entry 1

Zandhuis Terri · CIK 0001869807 · Chief People Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 593,150

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Direct: 352,486, unvested RSUs: 240,664.

SEC source: 0001857154-25-000049 · wk-form4_1744403055.xml · nonDerivative · entry 1

Yochem Angela · CIK 0001715241 · Chief Information & Technology

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 113,022

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Unvested RSUs.

SEC source: 0001857154-25-000047 · wk-form4_1744402958.xml · nonDerivative · entry 1

Skena David · CIK 0001649597 · Chief Growth Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 581,014

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Direct: 312,930, unvested RSUs: 268,084.

SEC source: 0001857154-25-000046 · wk-form4_1744402905.xml · nonDerivative · entry 1

McBride Kelly P · CIK 0001978292 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,218

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Unvested RSUs.

SEC source: 0001857154-25-000044 · wk-form4_1744402807.xml · nonDerivative · entry 1

Duvivier Raphael · CIK 0001980019 · President of International

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 376,977

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Direct: 126,514, unvested RSUs: 250,463.

SEC source: 0001857154-25-000042 · wk-form4_1744402690.xml · nonDerivative · entry 1

Ashukian Jeremiah · CIK 0001962125 · EVP & Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 306,392

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Unvested RSUs.

SEC source: 0001857154-25-000043 · wk-form4_1744402737.xml · nonDerivative · entry 1

Charlesworth Josh · CIK 0001868524 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 922,324

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on April 10, 2028.

F2 · balance_after: Direct: 14,761, unvested RSUs: 907,563.

SEC source: 0001857154-25-000030 · wk-form4_1744057276.xml · nonDerivative · entry 1

Zandhuis Terri · CIK 0001869807 · Chief People Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 523,219

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

F2 · balance_after: Direct: 352,486, unvested RSUs: 170,733.

SEC source: 0001857154-25-000029 · wk-form4_1744057210.xml · nonDerivative · entry 1

Skena David · CIK 0001649597 · Chief Growth Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 493,601

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

F2 · balance_after: Direct: 312,930, unvested RSUs: 180,671.

SEC source: 0001857154-25-000026 · wk-form4_1744057039.xml · nonDerivative · entry 1

Charlesworth Josh · CIK 0001868524 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 805,773

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

F2 · balance_after: Direct: 14,761, unvested RSUs: 791,012.

SEC source: 0001857154-25-000027 · wk-form4_1744057096.xml · nonDerivative · entry 1

Duvivier Raphael · CIK 0001980019 · President of International

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 307,046

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units ("RSUs").

F2 · balance_after: Direct: 126,514, unvested RSUs: 180,532.

SEC source: 0001857154-25-000002 · wk-form4_1736283937.xml · nonDerivative · entry 1

Riad Sherif · CIK 0002004119 · Global ChiefSupplyChainOfficer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 60,994

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Represents direct shares held. Compared to a prior Form 4 balance of 112,531 DNUT, securities beneficially owned decreased by 10,967 (DNUT used to satisfy the tax obligation on the acceleration of 34,936 RSUs) and 40,570 RSUs cancelled upon separation.

SEC source: 0001857154-24-000102 · wk-form4_1727986104.xml · nonDerivative · entry 1

Zandhuis Terri · CIK 0001869807 · Chief People Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 528,423

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 341,127; unvested RSUs: 187,296.

SEC source: 0001857154-24-000100 · wk-form4_1727985996.xml · nonDerivative · entry 1

Skena David · CIK 0001649597 · Chief Brand Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 498,650

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 301,416; unvested RSUs: 197,234.

SEC source: 0001857154-24-000101 · wk-form4_1727986054.xml · nonDerivative · entry 1

Spanjers Matthew · CIK 0001868520 · Pres Internatl/ChGrowth Off

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 755,015

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 456,365, unvested RSUs: 298,650.

SEC source: 0001857154-24-000099 · wk-form4_1727985939.xml · nonDerivative · entry 1

Duvivier Raphael · CIK 0001980019 · Chief Development Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 309,966

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 123,223, unvested RSUs: 186,743.

SEC source: 0001857154-24-000098 · wk-form4_1727985805.xml · nonDerivative · entry 1

Charlesworth Josh · CIK 0001868524 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 878,102

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 66,386; unvested RSUs: 811,716.

SEC source: 0001857154-24-000096 · wk-form4_1726603327.xml · nonDerivative · entry 1

McBride Kelly P · CIK 0001978292 · Chief Accounting Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 62,080

F1 · balance_after: Unvested RSUs

F2 · ownership.direct: The reported sale of 16,488 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2024.

SEC source: 0001857154-24-000094 · wk-form4_1726257753.xml · nonDerivative · entry 1

Ashukian Jeremiah · CIK 0001962125 · EVP & Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 218,979

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest 100% on the third anniversary of the grant date.

F2 · balance_after: Unvested RSUs

SEC source: 0001857154-24-000092 · wk-form4_1724097733.xml · nonDerivative · entry 1

Riad Sherif · CIK 0002004119 · Global ChiefSupplyChainOfficer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 112,531

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 37,025; unvested RSUs: 75,506.

SEC source: 0001104659-24-088615 · tm2421513-2_4seq1.xml · derivative · entry 4

JAB Holdings B.V. · CIK 0001579134 · 10% owner

JAB Investments S.a r.l. · CIK 0001747036 · 10% owner

JAB Holding Co s.a r.l. · CIK 0001621428 · 10% owner

Joh. A. Benckiser s.a.r.l. · CIK 0001746867 · 10% owner

Agnaten SE · CIK 0001579044 · 10% owner

Lucresca SE · CIK 0001394212 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,465,056

Underlying: Common Stock · 2,000,000 shares

Expires not disclosed

F4 · security: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · security: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · derivative.exercise_price: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · derivative.exercise_price: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · kind: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · kind: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · shares: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · shares: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · price: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · price: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · derivative.exercise_date: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · derivative.exercise_date: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · derivative.expiration_date: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · derivative.expiration_date: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F6 · ownership.direct: The HSBC Long Swap and the BNP Paribas Long Swaps (together, the "Long Swaps") (but not the HSBC Subject Shares or BNP Paribas Subject Shares (together, the "Subject Shares") referenced thereby) are owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swaps do not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require HSBC or BNP Paribas, as applicable, to acquire, hold, vote or dispose of any securities of the Company. Each Reporting Person disclaims beneficial ownership of the securities reported herein, including the Subject Shares, except to the extent of its pecuniary interest therein, and this Form 4 shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001104659-24-088615 · tm2421513-2_4seq1.xml · derivative · entry 3

JAB Holdings B.V. · CIK 0001579134 · 10% owner

JAB Investments S.a r.l. · CIK 0001747036 · 10% owner

JAB Holding Co s.a r.l. · CIK 0001621428 · 10% owner

Joh. A. Benckiser s.a.r.l. · CIK 0001746867 · 10% owner

Agnaten SE · CIK 0001579044 · 10% owner

Lucresca SE · CIK 0001394212 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,465,056

Underlying: Common Stock · 6,500,000 shares

Expires not disclosed

F4 · security: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · security: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · derivative.exercise_price: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · derivative.exercise_price: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · kind: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · kind: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · shares: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · shares: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · price: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · price: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · derivative.exercise_date: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · derivative.exercise_date: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F4 · derivative.expiration_date: As previously disclosed, JAB Holdings B.V. entered into long cash-settled total return equity swaps on December 1, 2021 (the "BNP Paribas First Long Swap") and February 24, 2022 (the "BNP Paribas Second Long Swap" and together, the "BNP Paribas Long Swaps") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,500,000 Shares in the aggregate (the "BNP Paribas Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the BNP Paribas Subject Shares. All balances will be exclusively cash settled.

F5 · derivative.expiration_date: On August 12, 2024, JAB Holdings B.V. and BNP Paribas agreed to extend the term of each of the BNP Paribas Long Swaps to December 1, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swaps during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing BNP Paribas Long Swaps and a deemed entry into new BNP Paribas Long Swaps with a later settlement date. The deemed cancellation is exempt from Sections 16(a) and 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-4(d) and 16b-6(d) promulgated thereunder, respectively. All other material terms of the BNP Paribas Long Swaps remain materially unchanged and in full force and effect.

F6 · ownership.direct: The HSBC Long Swap and the BNP Paribas Long Swaps (together, the "Long Swaps") (but not the HSBC Subject Shares or BNP Paribas Subject Shares (together, the "Subject Shares") referenced thereby) are owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swaps do not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require HSBC or BNP Paribas, as applicable, to acquire, hold, vote or dispose of any securities of the Company. Each Reporting Person disclaims beneficial ownership of the securities reported herein, including the Subject Shares, except to the extent of its pecuniary interest therein, and this Form 4 shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001104659-24-088615 · tm2421513-2_4seq1.xml · derivative · entry 2

JAB Holdings B.V. · CIK 0001579134 · 10% owner

JAB Investments S.a r.l. · CIK 0001747036 · 10% owner

JAB Holding Co s.a r.l. · CIK 0001621428 · 10% owner

Joh. A. Benckiser s.a.r.l. · CIK 0001746867 · 10% owner

Agnaten SE · CIK 0001579044 · 10% owner

Lucresca SE · CIK 0001394212 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,465,056

Underlying: Common Stock · 7,069,936 shares

Expires not disclosed

F2 · security: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "HSBC Long Swap") with HSBC Continental Europe ("HSBC"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by HSBC with an aggregate initial price not to exceed $100,000,000 (and not to exceed 8,000,000 Shares) (the "HSBC Subject Shares") in the aggregate that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the HSBC Subject Shares. All balances will be exclusively cash settled. The HSBC Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the HSBC Long Swap during certain specified earlier periods if it so chooses. As of the outside hedge date of August 10, 2024, long exposure had been established with respect to a notional amount of 7,069,936 Shares.

F2 · derivative.exercise_price: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "HSBC Long Swap") with HSBC Continental Europe ("HSBC"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by HSBC with an aggregate initial price not to exceed $100,000,000 (and not to exceed 8,000,000 Shares) (the "HSBC Subject Shares") in the aggregate that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the HSBC Subject Shares. All balances will be exclusively cash settled. The HSBC Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the HSBC Long Swap during certain specified earlier periods if it so chooses. As of the outside hedge date of August 10, 2024, long exposure had been established with respect to a notional amount of 7,069,936 Shares.

F2 · kind: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "HSBC Long Swap") with HSBC Continental Europe ("HSBC"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by HSBC with an aggregate initial price not to exceed $100,000,000 (and not to exceed 8,000,000 Shares) (the "HSBC Subject Shares") in the aggregate that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the HSBC Subject Shares. All balances will be exclusively cash settled. The HSBC Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the HSBC Long Swap during certain specified earlier periods if it so chooses. As of the outside hedge date of August 10, 2024, long exposure had been established with respect to a notional amount of 7,069,936 Shares.

F2 · shares: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "HSBC Long Swap") with HSBC Continental Europe ("HSBC"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by HSBC with an aggregate initial price not to exceed $100,000,000 (and not to exceed 8,000,000 Shares) (the "HSBC Subject Shares") in the aggregate that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the HSBC Subject Shares. All balances will be exclusively cash settled. The HSBC Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the HSBC Long Swap during certain specified earlier periods if it so chooses. As of the outside hedge date of August 10, 2024, long exposure had been established with respect to a notional amount of 7,069,936 Shares.

F3 · price: The price reported in Column 8 reflects the reference price of the HSBC Subject Shares upon the establishment of the HSBC Long Swap position.

F2 · derivative.exercise_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "HSBC Long Swap") with HSBC Continental Europe ("HSBC"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by HSBC with an aggregate initial price not to exceed $100,000,000 (and not to exceed 8,000,000 Shares) (the "HSBC Subject Shares") in the aggregate that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the HSBC Subject Shares. All balances will be exclusively cash settled. The HSBC Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the HSBC Long Swap during certain specified earlier periods if it so chooses. As of the outside hedge date of August 10, 2024, long exposure had been established with respect to a notional amount of 7,069,936 Shares.

F2 · derivative.expiration_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "HSBC Long Swap") with HSBC Continental Europe ("HSBC"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by HSBC with an aggregate initial price not to exceed $100,000,000 (and not to exceed 8,000,000 Shares) (the "HSBC Subject Shares") in the aggregate that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the HSBC Subject Shares. All balances will be exclusively cash settled. The HSBC Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the HSBC Long Swap during certain specified earlier periods if it so chooses. As of the outside hedge date of August 10, 2024, long exposure had been established with respect to a notional amount of 7,069,936 Shares.

F6 · ownership.direct: The HSBC Long Swap and the BNP Paribas Long Swaps (together, the "Long Swaps") (but not the HSBC Subject Shares or BNP Paribas Subject Shares (together, the "Subject Shares") referenced thereby) are owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swaps do not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require HSBC or BNP Paribas, as applicable, to acquire, hold, vote or dispose of any securities of the Company. Each Reporting Person disclaims beneficial ownership of the securities reported herein, including the Subject Shares, except to the extent of its pecuniary interest therein, and this Form 4 shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001857154-24-000084 · wk-form4_1721937683.xml · nonDerivative · entry 1

Adams Atiba · CIK 0002027259 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,003

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on June 25, 2027, 20% on June 25, 2028, and 20% on June 25, 2029.

SEC source: 0001857154-24-000067 · wk-form4_1717444994.xml · nonDerivative · entry 1

Tang Catherine · CIK 0001869084 · CLO and Corporate Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 171,992

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Represents direct shares held. Compared to a prior Form 4 balance of 290,918 DNUT, securities beneficially owned decreased by 39,325 (DNUT used to satisfy the tax obligation on the acceleration of 93,114 RSUs) and 79,601 RSUs cancelled upon separation.

SEC source: 0001857154-24-000065 · wk-form4_1716235689.xml · nonDerivative · entry 1

Duvivier Raphael · CIK 0001980019 · Chief Development Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 312,977

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct:119,092, unvested RSUs: 193,885.

SEC source: 0001857154-24-000054 · wk-form4_1714680602.xml · nonDerivative · entry 1

Tang Catherine · CIK 0001869084 · CLO and Corporate Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 290,918

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 118,203, unvested RSUs: 172,715.

SEC source: 0001857154-24-000056 · wk-form4_1714680736.xml · nonDerivative · entry 1

Zandhuis Terri · CIK 0001869807 · Chief People Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 540,072

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 324,216, unvested RSUs: 215,856.

SEC source: 0001857154-24-000055 · wk-form4_1714680664.xml · nonDerivative · entry 1

Tattersfield Michael J. · CIK 0001407675 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,812,030

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 2,248,030, unvested RSUs: 564,000.

SEC source: 0001857154-24-000052 · wk-form4_1714680389.xml · nonDerivative · entry 1

Skena David · CIK 0001649597 · Chief Brand Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 508,064

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 289,412, unvested RSUs: 218,652.

SEC source: 0001857154-24-000053 · wk-form4_1714680478.xml · nonDerivative · entry 1

Spanjers Matthew · CIK 0001868520 · Pres Internatl/ChGrowth Off

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 770,703

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 436,358, unvested RSUs: 334,345.

SEC source: 0001857154-24-000050 · wk-form4_1714680277.xml · nonDerivative · entry 1

Charlesworth Josh · CIK 0001868524 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 893,790

F1 · shares: Reported transaction consists of shares surrendered to cover tax withholding for the vesting of restricted stock units.

F2 · balance_after: Direct: 46,379, unvested RSUs: 847,411.

SEC source: 0001857154-24-000041 · wk-form4_1712953287.xml · nonDerivative · entry 1

Riad Sherif · CIK 0002004119 · Global ChiefSupplyChainOfficer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 117,480

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Direct: 24,880, unvested RSUs: 92,600.

SEC source: 0001857154-24-000049 · wk-form4_1712954337.xml · nonDerivative · entry 1

Zandhuis Terri · CIK 0001869807 · Chief People Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 551,630

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Direct: 295,853, unvested RSUs: 255,777.

SEC source: 0001857154-24-000032 · wk-form4_1712952286.xml · nonDerivative · entry 1

Bell David Charles · CIK 0001869844 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 84,837

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Direct: 52,957, unvested RSUs: 31,880.

SEC source: 0001857154-24-000047 · wk-form4_1712954147.xml · nonDerivative · entry 1

Weese Michelle · CIK 0001867715 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,809

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Unvested RSUs

SEC source: 0001857154-24-000042 · wk-form4_1712953360.xml · nonDerivative · entry 1

Roberts Debbie Sharell · CIK 0001750705 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,102

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Direct: 4,950, unvested RSUs: 20,152.

SEC source: 0001857154-24-000048 · wk-form4_1712954255.xml · nonDerivative · entry 1

Yochem Angela · CIK 0001715241 · SVP Chief Information Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 43,091

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Unvested RSUs

SEC source: 0001857154-24-000045 · wk-form4_1712953808.xml · nonDerivative · entry 1

Tattersfield Michael J. · CIK 0001407675 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,943,612

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Direct: 2,080,224, unvested RSUs: 863,388.

SEC source: 0001857154-24-000040 · wk-form4_1712953217.xml · nonDerivative · entry 1

Pleuhs Gerhard W. · CIK 0001251844 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,604

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Unvested RSUs

SEC source: 0001857154-24-000034 · wk-form4_1712952529.xml · nonDerivative · entry 1

Deno David J. · CIK 0001518594 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 103,716

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Direct: 71,835, unvested RSUs: 31,881.

SEC source: 0001857154-24-000036 · wk-form4_1712952745.xml · nonDerivative · entry 1

Goudet Olivier · CIK 0001578897 · Director · Chairman of the Board

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 109,250

F1 · shares: Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest in three installments as follows: 60% on April 11, 2027, 20% on April 11, 2028, and 20% on April 11, 2029.

F2 · balance_after: Direct: 22,683, unvested RSUs: 86,567.