Agnaten SE

SEC source: 0001104659-26-074588 · tm2618079-1_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: 7,069,936

Underlying: Common Stock · 7,069,936 shares

Expires not disclosed

F2 · security: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 11, 2023 (the "Long Swap") with HSBC Continental Europe (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · security: On June 12, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to August 10, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · derivative.exercise_price: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 11, 2023 (the "Long Swap") with HSBC Continental Europe (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · derivative.exercise_price: On June 12, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to August 10, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · kind: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 11, 2023 (the "Long Swap") with HSBC Continental Europe (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · kind: On June 12, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to August 10, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · shares: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 11, 2023 (the "Long Swap") with HSBC Continental Europe (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · shares: On June 12, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to August 10, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · price: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 11, 2023 (the "Long Swap") with HSBC Continental Europe (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · price: On June 12, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to August 10, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · derivative.exercise_date: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 11, 2023 (the "Long Swap") with HSBC Continental Europe (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · derivative.exercise_date: On June 12, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to August 10, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · derivative.expiration_date: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 11, 2023 (the "Long Swap") with HSBC Continental Europe (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · derivative.expiration_date: On June 12, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to August 10, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F4 · ownership.direct: The Long Swap (but not the Subject Shares referenced thereby) is owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swap does not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require the Dealer 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: 0001104659-26-023661 · tm268016-1_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: 6,895,120

Underlying: Common Stock · 6,895,120 shares

Expires not disclosed

F2 · security: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on February 28, 2023 (the "Long Swap") with Banco Santander, S.A. (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · security: On March 2, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to March 1, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · derivative.exercise_price: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on February 28, 2023 (the "Long Swap") with Banco Santander, S.A. (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · derivative.exercise_price: On March 2, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to March 1, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · kind: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on February 28, 2023 (the "Long Swap") with Banco Santander, S.A. (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · kind: On March 2, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to March 1, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · shares: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on February 28, 2023 (the "Long Swap") with Banco Santander, S.A. (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · shares: On March 2, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to March 1, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · price: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on February 28, 2023 (the "Long Swap") with Banco Santander, S.A. (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · price: On March 2, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to March 1, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · derivative.exercise_date: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on February 28, 2023 (the "Long Swap") with Banco Santander, S.A. (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · derivative.exercise_date: On March 2, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to March 1, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F2 · derivative.expiration_date: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on February 28, 2023 (the "Long Swap") with Banco Santander, S.A. (the "Dealer") providing for the establishment of long exposure with respect to a notional amount of up to the number of Shares purchased by the Dealer with an aggregate initial price not to exceed $100,000,000 (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled.

F3 · derivative.expiration_date: On March 2, 2026, JAB Holdings B.V. and the Dealer agreed to extend the term of the Long Swap to March 1, 2028 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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. JAB Holdings B.V.'s exposure with respect to the Subject Shares remains unchanged, and the Long Swap remains in full force and effect.

F4 · ownership.direct: The Long Swap (but not the Subject Shares referenced thereby) is owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swap does not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require the Dealer 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: 0001104659-25-087217 · tm2525215-1_4seq1.xml · derivative · entry 3

JAB Holdings B.V. · CIK 0001579134 · 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: 30,000,000

Underlying: Class A Common Stock · 30,000,000 shares

Expires not disclosed

F5 · security: On September 2, 2025, JAB Holdings B.V. agreed to extend the term of the Long Swap with Banco Santander, S.A., BNP Paribas and Societe Generale by approximately two (2) years for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 such Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F5 · derivative.exercise_price: On September 2, 2025, JAB Holdings B.V. agreed to extend the term of the Long Swap with Banco Santander, S.A., BNP Paribas and Societe Generale by approximately two (2) years for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 such Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F5 · kind: On September 2, 2025, JAB Holdings B.V. agreed to extend the term of the Long Swap with Banco Santander, S.A., BNP Paribas and Societe Generale by approximately two (2) years for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 such Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F5 · shares: On September 2, 2025, JAB Holdings B.V. agreed to extend the term of the Long Swap with Banco Santander, S.A., BNP Paribas and Societe Generale by approximately two (2) years for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 such Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F5 · price: On September 2, 2025, JAB Holdings B.V. agreed to extend the term of the Long Swap with Banco Santander, S.A., BNP Paribas and Societe Generale by approximately two (2) years for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 such Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F5 · derivative.exercise_date: On September 2, 2025, JAB Holdings B.V. agreed to extend the term of the Long Swap with Banco Santander, S.A., BNP Paribas and Societe Generale by approximately two (2) years for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 such Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F5 · derivative.expiration_date: On September 2, 2025, JAB Holdings B.V. agreed to extend the term of the Long Swap with Banco Santander, S.A., BNP Paribas and Societe Generale by approximately two (2) years for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 such Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F3 · ownership.direct: JAB Holdings B.V. is party to long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP Paribas and Societe Generale (the "Banks"), providing for the establishment of long exposure with respect to a notional amount of Shares (the "Subject Shares"). The Long Swaps (but not 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 the Banks to acquire, hold, vote or dispose of any securities of the Company.

F4 · ownership.direct: 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: 0001104659-25-087217 · tm2525215-1_4seq1.xml · derivative · entry 2

JAB Holdings B.V. · CIK 0001579134 · 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: 30,000,000

Underlying: Class A Common Stock · 5,000,000 shares

Expires not disclosed

F2 · security: On August 29, 2025, the Long Swap (as defined below) with Credit Agricole Corporate and Investment Bank expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · derivative.exercise_price: On August 29, 2025, the Long Swap (as defined below) with Credit Agricole Corporate and Investment Bank expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · kind: On August 29, 2025, the Long Swap (as defined below) with Credit Agricole Corporate and Investment Bank expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · shares: On August 29, 2025, the Long Swap (as defined below) with Credit Agricole Corporate and Investment Bank expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · price: On August 29, 2025, the Long Swap (as defined below) with Credit Agricole Corporate and Investment Bank expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · derivative.exercise_date: On August 29, 2025, the Long Swap (as defined below) with Credit Agricole Corporate and Investment Bank expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · derivative.expiration_date: On August 29, 2025, the Long Swap (as defined below) with Credit Agricole Corporate and Investment Bank expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F3 · ownership.direct: JAB Holdings B.V. is party to long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP Paribas and Societe Generale (the "Banks"), providing for the establishment of long exposure with respect to a notional amount of Shares (the "Subject Shares"). The Long Swaps (but not 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 the Banks to acquire, hold, vote or dispose of any securities of the Company.

F4 · ownership.direct: 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: 0001104659-25-080423 · tm2523937-1_4seq1.xml · derivative · entry 2

JAB Holdings B.V. · CIK 0001579134 · 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: 35,000,000

Underlying: Class A Common Stock · 5,000,000 shares

Expires not disclosed

F2 · security: On July 31, 2025, the Long Swap (as defined below) with BNP Paribas expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · derivative.exercise_price: On July 31, 2025, the Long Swap (as defined below) with BNP Paribas expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · kind: On July 31, 2025, the Long Swap (as defined below) with BNP Paribas expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · shares: On July 31, 2025, the Long Swap (as defined below) with BNP Paribas expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · price: On July 31, 2025, the Long Swap (as defined below) with BNP Paribas expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · derivative.exercise_date: On July 31, 2025, the Long Swap (as defined below) with BNP Paribas expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F2 · derivative.expiration_date: On July 31, 2025, the Long Swap (as defined below) with BNP Paribas expired and terminated by cash-settlement by its terms with respect to a notional amount of 5,000,000 Shares.

F3 · ownership.direct: JAB Holdings B.V. is party to long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP Paribas, Credit Agricole Corporate and Investment Bank and Societe Generale (the "Banks"), providing for the establishment of long exposure with respect to a notional amount of Shares (the "Subject Shares"). The Long Swaps (but not 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 the Banks to acquire, hold, vote or dispose of any securities of the Company.

F4 · ownership.direct: 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: 0001104659-25-059699 · tm2518089-1_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 · 8,000,000 shares

Expires not disclosed

F2 · security: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 17, 2022 (the "Long Swap") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,000,000 Shares (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled. As of December 16, 2022, the Long Swap was established with a reference price of $12.2017 per Share (the "Reference Price").

F3 · security: On June 12, 2025, JAB Holdings B.V. and BNP Paribas agreed to extend the term of the Long Swap to August 18, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F2 · derivative.exercise_price: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 17, 2022 (the "Long Swap") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,000,000 Shares (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled. As of December 16, 2022, the Long Swap was established with a reference price of $12.2017 per Share (the "Reference Price").

F3 · derivative.exercise_price: On June 12, 2025, JAB Holdings B.V. and BNP Paribas agreed to extend the term of the Long Swap to August 18, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F2 · kind: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 17, 2022 (the "Long Swap") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,000,000 Shares (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled. As of December 16, 2022, the Long Swap was established with a reference price of $12.2017 per Share (the "Reference Price").

F3 · kind: On June 12, 2025, JAB Holdings B.V. and BNP Paribas agreed to extend the term of the Long Swap to August 18, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F2 · shares: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 17, 2022 (the "Long Swap") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,000,000 Shares (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled. As of December 16, 2022, the Long Swap was established with a reference price of $12.2017 per Share (the "Reference Price").

F3 · shares: On June 12, 2025, JAB Holdings B.V. and BNP Paribas agreed to extend the term of the Long Swap to August 18, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F2 · price: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 17, 2022 (the "Long Swap") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,000,000 Shares (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled. As of December 16, 2022, the Long Swap was established with a reference price of $12.2017 per Share (the "Reference Price").

F3 · price: On June 12, 2025, JAB Holdings B.V. and BNP Paribas agreed to extend the term of the Long Swap to August 18, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F2 · derivative.exercise_date: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 17, 2022 (the "Long Swap") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,000,000 Shares (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled. As of December 16, 2022, the Long Swap was established with a reference price of $12.2017 per Share (the "Reference Price").

F3 · derivative.exercise_date: On June 12, 2025, JAB Holdings B.V. and BNP Paribas agreed to extend the term of the Long Swap to August 18, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F2 · derivative.expiration_date: As previously disclosed, JAB Holdings B.V. entered into a long cash-settled total return equity swap on August 17, 2022 (the "Long Swap") with BNP Paribas providing for the establishment of long exposure with respect to a notional amount of up to 8,000,000 Shares (the "Subject Shares") that provide JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Subject Shares. All balances will be exclusively cash settled. As of December 16, 2022, the Long Swap was established with a reference price of $12.2017 per Share (the "Reference Price").

F3 · derivative.expiration_date: On June 12, 2025, JAB Holdings B.V. and BNP Paribas agreed to extend the term of the Long Swap to August 18, 2027 for no additional consideration, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses. The extension resulted in a deemed cancellation of the existing Long Swap and a deemed entry into a new Long Swap 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 Long Swap, including the Reference Price, remain materially unchanged and in full force and effect.

F4 · ownership.direct: The Long Swap (but not the Subject Shares (the "Subject Shares") referenced thereby) is owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swap does not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require BNP Paribas 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: 0001104659-25-039531 · 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: 0001104659-25-019307 · tm257962-2_4seq1.xml · nonDerivative · entry 1

JAB BevCo B.V. · CIK 0001746478 · 10% owner

Acorn Holdings B.V. · CIK 0001746728 · 10% owner

JAB Coffee & Beverages B.V. · CIK 0001833608 · 10% owner

JAB Forest B.V. · CIK 0001576735 · 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: 134,113,479

F1 · shares: On February 28, 2025, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to J.P. Morgan Securities LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of February 26, 2025, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.

F1 · price: On February 28, 2025, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to J.P. Morgan Securities LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of February 26, 2025, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.

F2 · ownership.direct: These Shares are held by JAB BevCo B.V., 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 BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-25-008223 · tm255142-1_4seq1.xml · nonDerivative · entry 1

JAB BevCo B.V. · CIK 0001746478 · 10% owner

Acorn Holdings B.V. · CIK 0001746728 · 10% owner

JAB Coffee & Beverages B.V. · CIK 0001833608 · 10% owner

JAB Forest B.V. · CIK 0001576735 · 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: 218,063,479

F1 · shares: On November 13, 2024, JAB BevCo B.V. ("BevCo") entered into a private transaction for the purchase of 3,619,600 shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP"), the closing of which is subject to expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"). The waiting period under the HSR Act expired at 11:59 p.m. Eastern Time on January 29, 2025.

F1 · price: On November 13, 2024, JAB BevCo B.V. ("BevCo") entered into a private transaction for the purchase of 3,619,600 shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP"), the closing of which is subject to expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"). The waiting period under the HSR Act expired at 11:59 p.m. Eastern Time on January 29, 2025.

F2 · ownership.direct: These Shares are held by JAB BevCo B.V., 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 BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-24-112739 · tm2427118-1_4seq1.xml · nonDerivative · entry 1

JAB BevCo B.V. · CIK 0001746478 · 10% owner

Acorn Holdings B.V. · CIK 0001746728 · 10% owner

JAB Coffee & Beverages B.V. · CIK 0001833608 · 10% owner

JAB Forest B.V. · CIK 0001576735 · 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: 214,443,879

F1 · shares: On October 30, 2024, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to Morgan Stanley & Co. LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of October 28, 2024, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.

F1 · price: On October 30, 2024, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to Morgan Stanley & Co. LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of October 28, 2024, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.

F2 · ownership.direct: These Shares are held by JAB BevCo B.V., 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 BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

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: 0001104659-24-035734 · tm249182-2_4seq1.xml · nonDerivative · entry 1

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: 283,443,879

F1 · shares: On March 15, 2024, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to Morgan Stanley & Co. LLC (the "Underwriter"), pursuant to the previously disclosed option granted to the Underwriter in the Underwriting Agreement, dated as of February 29, 2024, by and among BevCo, KDP and the Underwriter.

F1 · price: On March 15, 2024, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to Morgan Stanley & Co. LLC (the "Underwriter"), pursuant to the previously disclosed option granted to the Underwriter in the Underwriting Agreement, dated as of February 29, 2024, by and among BevCo, KDP and the Underwriter.

F2 · ownership.direct: These Shares are held by JAB BevCo B.V., an 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 BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

F3 · ownership.direct: Due to the limitations of the electronic filing system certain Reporting Persons are filing a separate Form 4.

SEC source: 0001104659-24-033538 · tm248581-2_4seq1.xml · nonDerivative · entry 1

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

Agnaten SE · CIK 0001579044 · 10% owner

Lucresca SE · CIK 0001394212 · 10% owner

Joh. A. Benckiser s.a.r.l. · CIK 0001746867 · 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: 296,487,357

F1 · shares: On March 8, 2024, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to Morgan Stanley & Co. LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of February 29, 2024, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.

F1 · price: On March 8, 2024, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to Morgan Stanley & Co. LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of February 29, 2024, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.

F2 · ownership.direct: These Shares are held by JAB BevCo B.V., an 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 BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

F3 · ownership.direct: Due to the limitations of the electronic filing system certain Reporting Persons are filing a separate Form 4.

SEC source: 0001104659-24-032009 · tm248214-5_4seq1.xml · nonDerivative · entry 1

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: 331,487,357

F1 · shares: On March 5, 2024, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to Morgan Stanley & Co. LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of February 29, 2024, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.

F1 · price: On March 5, 2024, JAB BevCo B.V. ("BevCo") sold shares of Common Stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to Morgan Stanley & Co. LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated as of February 29, 2024, by and among BevCo, KDP and the Underwriter in connection with BevCo's previously disclosed secondary offering.

F2 · ownership.direct: These Shares are held by JAB BevCo B.V., an 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 BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

F3 · ownership.direct: Due to the limitations of the electronic filing system certain Reporting Persons are filing a separate Form 4.

SEC source: 0001104659-23-106928 · tm2327728-1_4seq1.xml · nonDerivative · entry 2

JAB Holdings B.V. · CIK 0001579134 · 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: 451,853,684

F1 · shares: On October 2, 2023, Coty Inc. (the "Company") closed its global offering (the "Global Offering") of shares of Class A Common Stock, par value $0.01 per share (the "Class A Shares") of the Company. JAB Holdings B.V. purchased 3,000,000 Class A Shares in the Global Offering at the public offering price.

SEC source: 0001104659-23-099795 · tm2325913-1_4.xml · nonDerivative · entry 1

JAB Beauty B.V. · CIK 0001767648 · 10% owner

JAB Holdings B.V. · CIK 0001579134 · 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: 448,853,684

F1 · shares: On September 7, 2023, JAB Beauty B.V. ("JAB Beauty") transferred 5,000,000 shares of Class A Common Stock of Coty Inc. (the "Company") to Sue Y. Nabi, the Company's Chief Executive Officer, pursuant to the Equity Transfer Agreement, dated as of July 2, 2020, by and among the Company, JAB Beauty and Ms. Nabi.

F1 · price: On September 7, 2023, JAB Beauty B.V. ("JAB Beauty") transferred 5,000,000 shares of Class A Common Stock of Coty Inc. (the "Company") to Sue Y. Nabi, the Company's Chief Executive Officer, pursuant to the Equity Transfer Agreement, dated as of July 2, 2020, by and among the Company, JAB Beauty and Ms. Nabi.

F2 · ownership.direct: The Shares described in this report are held by JAB Beauty B.V., a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed to beneficially own such Shares held by JAB Beauty B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-23-082220 · tm2321570-1_4seq1.xml · derivative · entry 2

JAB Holdings B.V. · CIK 0001579134 · 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: 40,000,000

Underlying: Class A Common Stock · 40,000,000 shares

Expires not disclosed

F2 · security: JAB Holdings B.V. entered into long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP Paribas, Credit Agricole Corporate and Investment Bank and Societe Generale (the "Banks"), providing for the establishment of long exposure with respect to a notional amount of Shares up to 40,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled. The Long Swaps have terms of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swaps during certain specified earlier periods if it so chooses.

F2 · derivative.exercise_price: JAB Holdings B.V. entered into long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP Paribas, Credit Agricole Corporate and Investment Bank and Societe Generale (the "Banks"), providing for the establishment of long exposure with respect to a notional amount of Shares up to 40,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled. The Long Swaps have terms of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swaps during certain specified earlier periods if it so chooses.

F2 · kind: JAB Holdings B.V. entered into long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP Paribas, Credit Agricole Corporate and Investment Bank and Societe Generale (the "Banks"), providing for the establishment of long exposure with respect to a notional amount of Shares up to 40,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled. The Long Swaps have terms of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swaps during certain specified earlier periods if it so chooses.

F2 · shares: JAB Holdings B.V. entered into long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP Paribas, Credit Agricole Corporate and Investment Bank and Societe Generale (the "Banks"), providing for the establishment of long exposure with respect to a notional amount of Shares up to 40,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled. The Long Swaps have terms of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swaps during certain specified earlier periods if it so chooses.

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

F2 · derivative.exercise_date: JAB Holdings B.V. entered into long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP Paribas, Credit Agricole Corporate and Investment Bank and Societe Generale (the "Banks"), providing for the establishment of long exposure with respect to a notional amount of Shares up to 40,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled. The Long Swaps have terms of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swaps during certain specified earlier periods if it so chooses.

F2 · derivative.expiration_date: JAB Holdings B.V. entered into long cash-settled total return equity swaps (each, a "Long Swap") with Banco Santander, S.A., BNP Paribas, Credit Agricole Corporate and Investment Bank and Societe Generale (the "Banks"), providing for the establishment of long exposure with respect to a notional amount of Shares up to 40,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled. The Long Swaps have terms of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swaps during certain specified earlier periods if it so chooses.

F4 · ownership.direct: The Long Swaps (but not 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 the Banks 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: 0001104659-23-077674 · tm227044-1_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 B.V. · 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: 23,395,120

Underlying: Common Stock · 6,895,120 shares

Expires not disclosed

F4 · security: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Santander Long Swap" and together with the BNP Paribas Long Swap, the "Long Swaps") with Banco Santander, S.A. ("Santander"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by Santander with an aggregate initial price not to exceed $100,000,000 (the "Santander Subject Shares" and together with the BNP Paribas Subject Shares, the "Subject Shares") that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Santander Subject Shares. All balances will be exclusively cash settled. The Santander Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Santander Long Swap during certain specified earlier periods if it so chooses.

F4 · derivative.exercise_price: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Santander Long Swap" and together with the BNP Paribas Long Swap, the "Long Swaps") with Banco Santander, S.A. ("Santander"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by Santander with an aggregate initial price not to exceed $100,000,000 (the "Santander Subject Shares" and together with the BNP Paribas Subject Shares, the "Subject Shares") that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Santander Subject Shares. All balances will be exclusively cash settled. The Santander Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Santander Long Swap during certain specified earlier periods if it so chooses.

F4 · kind: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Santander Long Swap" and together with the BNP Paribas Long Swap, the "Long Swaps") with Banco Santander, S.A. ("Santander"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by Santander with an aggregate initial price not to exceed $100,000,000 (the "Santander Subject Shares" and together with the BNP Paribas Subject Shares, the "Subject Shares") that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Santander Subject Shares. All balances will be exclusively cash settled. The Santander Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Santander Long Swap during certain specified earlier periods if it so chooses.

F4 · shares: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Santander Long Swap" and together with the BNP Paribas Long Swap, the "Long Swaps") with Banco Santander, S.A. ("Santander"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by Santander with an aggregate initial price not to exceed $100,000,000 (the "Santander Subject Shares" and together with the BNP Paribas Subject Shares, the "Subject Shares") that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Santander Subject Shares. All balances will be exclusively cash settled. The Santander Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Santander Long Swap during certain specified earlier periods if it so chooses.

F5 · price: The price reported in Column 8 reflects the reference price of the Santander Subject Shares upon the establishment of the Santander Long Swap position.

F4 · derivative.exercise_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Santander Long Swap" and together with the BNP Paribas Long Swap, the "Long Swaps") with Banco Santander, S.A. ("Santander"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by Santander with an aggregate initial price not to exceed $100,000,000 (the "Santander Subject Shares" and together with the BNP Paribas Subject Shares, the "Subject Shares") that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Santander Subject Shares. All balances will be exclusively cash settled. The Santander Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Santander Long Swap during certain specified earlier periods if it so chooses.

F4 · derivative.expiration_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Santander Long Swap" and together with the BNP Paribas Long Swap, the "Long Swaps") with Banco Santander, S.A. ("Santander"), providing for the establishment of long exposure with respect to a notional amount of Shares up to the number of Shares purchased by Santander with an aggregate initial price not to exceed $100,000,000 (the "Santander Subject Shares" and together with the BNP Paribas Subject Shares, the "Subject Shares") that provides JAB Holdings B.V. with economic results that are comparable to the economic results of ownership of the Santander Subject Shares. All balances will be exclusively cash settled. The Santander Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Santander Long Swap during certain specified earlier periods if it so chooses.

F6 · ownership.direct: The Long Swaps (but not 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 BNP Paribas or Santander, 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: 0001104659-23-055299 · tm2314491-1_4.xml · nonDerivative · entry 1

JAB BevCo B.V. · CIK 0001746478 · 10% owner

Acorn Holdings B.V. · CIK 0001746728 · 10% owner

JAB Coffee & Beverages B.V. · CIK 0001833608 · 10% owner

JAB Forest B.V. · CIK 0001576735 · 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 B.V. · 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: 383,443,879

F1 · shares: On May 3, 2023, JAB Coffee & Beverages B.V. ("JAB C&B") entered into an agreement with an affiliate of JAB Consumer Partners SCA SICAR ("JCP"), pursuant to which JAB C&B agreed to distribute 57,465,170 shares of common stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to such affiliate of JCP (the "Distribution"). The Distribution reflects the final distribution of Shares to over 45 limited partners of JCP. Following the Distribution, JAB BevCo B.V. will own 383.4 million Shares as a long-term anchor shareholder.

F1 · price: On May 3, 2023, JAB Coffee & Beverages B.V. ("JAB C&B") entered into an agreement with an affiliate of JAB Consumer Partners SCA SICAR ("JCP"), pursuant to which JAB C&B agreed to distribute 57,465,170 shares of common stock, par value $0.01 per share (the "Shares"), of Keurig Dr Pepper Inc. ("KDP") to such affiliate of JCP (the "Distribution"). The Distribution reflects the final distribution of Shares to over 45 limited partners of JCP. Following the Distribution, JAB BevCo B.V. will own 383.4 million Shares as a long-term anchor shareholder.

F2 · ownership.direct: These Shares are held by JAB BevCo B.V., 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 BevCo B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-23-077674 · tm227044-1_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 B.V. · 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: 16,500,000

Underlying: Common Stock · 8,000,000 shares

Expires not disclosed

F2 · security: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "BNP Paribas Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 8,000,000 Shares (the "BNP Paribas 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 BNP Paribas Subject Shares. All balances will be exclusively cash settled. The BNP Paribas Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swap during certain specified earlier periods if it so chooses.

F2 · derivative.exercise_price: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "BNP Paribas Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 8,000,000 Shares (the "BNP Paribas 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 BNP Paribas Subject Shares. All balances will be exclusively cash settled. The BNP Paribas Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swap during certain specified earlier periods if it so chooses.

F2 · kind: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "BNP Paribas Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 8,000,000 Shares (the "BNP Paribas 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 BNP Paribas Subject Shares. All balances will be exclusively cash settled. The BNP Paribas Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swap during certain specified earlier periods if it so chooses.

F2 · shares: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "BNP Paribas Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 8,000,000 Shares (the "BNP Paribas 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 BNP Paribas Subject Shares. All balances will be exclusively cash settled. The BNP Paribas Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swap during certain specified earlier periods if it so chooses.

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

F2 · derivative.exercise_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "BNP Paribas Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 8,000,000 Shares (the "BNP Paribas 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 BNP Paribas Subject Shares. All balances will be exclusively cash settled. The BNP Paribas Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swap during certain specified earlier periods if it so chooses.

F2 · derivative.expiration_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "BNP Paribas Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 8,000,000 Shares (the "BNP Paribas 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 BNP Paribas Subject Shares. All balances will be exclusively cash settled. The BNP Paribas Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the BNP Paribas Long Swap during certain specified earlier periods if it so chooses.

F6 · ownership.direct: The Long Swaps (but not 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 BNP Paribas or Santander, 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: 0001104659-22-041245 · tm2211067-1_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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 8,500,000

Underlying: Common Stock · 2,000,000 shares

Expires not disclosed

F2 · security: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 2,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F2 · derivative.exercise_price: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 2,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F2 · kind: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 2,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F2 · shares: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 2,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

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

F2 · derivative.exercise_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 2,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F2 · derivative.expiration_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 2,000,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F4 · ownership.direct: The Long Swap (but not the Subject Shares referenced thereby) is owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swap does not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require BNP Paribas 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: 0001104659-22-024811 · tm227044-1_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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 6,500,000

Underlying: Common Stock · 6,500,000 shares

Expires not disclosed

F2 · security: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 6,500,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F2 · derivative.exercise_price: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 6,500,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F2 · kind: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 6,500,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F2 · shares: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 6,500,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

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

F2 · derivative.exercise_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 6,500,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F2 · derivative.expiration_date: JAB Holdings B.V. entered into a long cash-settled total return equity swap (the "Long Swap") with BNP Paribas, providing for the establishment of long exposure with respect to a notional amount of Shares up to 6,500,000 Shares (the "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 Subject Shares. All balances will be exclusively cash settled at the expiration date of the Long Swap. The Long Swap has a term of approximately three years, although JAB Holdings B.V. has the right to terminate and close out the Long Swap during certain specified earlier periods if it so chooses.

F4 · ownership.direct: The Long Swap (but not the Subject Shares referenced thereby) is owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein. The Long Swap does not give JAB Holdings B.V. direct or indirect voting, investment or dispositive control over any securities of the Company or require BNP Paribas 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: 0001104659-21-146467 · tm2134588-1_4seq1.xml · nonDerivative · 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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 74,885,435

F1 · shares: On December 1, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F4 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.0100 to $14.5500, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-146467 · tm2134588-1_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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 74,850,521

F1 · shares: On December 1, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $13.0050 to $14.0000, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-146012 · tm2134482-1_4seq1.xml · nonDerivative · 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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 74,585,435

F1 · shares: On November 30, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F4 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.9400 to $15.0900, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-146012 · tm2134482-1_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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 74,576,362

F1 · shares: On November 30, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $13.9400 to $14.8800, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-145584 · tm2134367-1_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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 74,310,752

F1 · shares: On November 29, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $15.0100 to $16.0000, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-145097 · tm2134219-1_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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 74,085,752

F1 · shares: On November 26, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.7700 to $15.7000, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-144592 · tm2134054-1_4seq1.xml · nonDerivative · 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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 73,821,802

F1 · shares: On November 24, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F4 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $15.0600 to $15.6500, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-144592 · tm2134054-1_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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 73,754,461

F1 · shares: On November 24, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.0500 to $15.0200, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-144044 · tm2134011d1_4.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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 73,631,802

F1 · shares: On November 23, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.0200 to $14.9400, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-143747 · tm2133931d1_4.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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 73,367,902

F1 · shares: On November 22, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $13.8300 to $14.4400, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-143182 · tm2133791d1_4.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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 73,104,002

F1 · shares: On November 19, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $13.7300 to $14.0500, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-142688 · tm2133673d1_4.xml · nonDerivative · 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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 72,880,014

F1 · shares: On November 18, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F4 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.6500 to $14.9200, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-142688 · tm2133673d1_4.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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 72,848,069

F1 · shares: On November 18, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $13.6500 to $14.6450, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-142086 · tm2133542d1_4.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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 72,638,314

F1 · shares: On November 17, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.5300 to $15.0800, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-141443 · tm2133441d1_4.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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 72,399,473

F1 · shares: On November 16, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.3600 to $15.1300, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-140719 · tm2133265d1_4.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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 72,157,773

F1 · shares: On November 15, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.2000 to $14.7100, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-140165 · tm2133163d1_4.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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 71,925,024

F1 · shares: On November 12, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.2400 to $14.7200, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-139462 · tm2132996-1_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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 71,747,024

F1 · shares: On November 11, 2021, JAB Indulgence B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $13.9400 to $14.4200, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Indulgence B.V., 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 B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-131908 · tm2131351d1_4.xml · nonDerivative · entry 1

Cottage Holdco B.V. · CIK 0001767648 · 10% owner

JAB Cosmetics B.V. · CIK 0001636487 · 10% owner

JAB Holdings B.V. · CIK 0001579134 · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 453,853,684

F1 · shares: On October 29, 2021, Cottage Holdco B.V. ("Cottage Holdco") transferred 10,000,000 shares of Class A Common Stock of Coty Inc. (the "Company") to Sue Y. Nabi, the Company's Chief Executive Officer, pursuant to the Equity Transfer Agreement, dated as of July 2, 2020, by and among the Company, Cottage Holdco and Ms. Nabi.

F1 · price: On October 29, 2021, Cottage Holdco B.V. ("Cottage Holdco") transferred 10,000,000 shares of Class A Common Stock of Coty Inc. (the "Company") to Sue Y. Nabi, the Company's Chief Executive Officer, pursuant to the Equity Transfer Agreement, dated as of July 2, 2020, by and among the Company, Cottage Holdco and Ms. Nabi.

F2 · ownership.direct: The Shares described in this report are held by Cottage Holdco B.V., a direct or indirect subsidiary of each other Reporting Person herein. As such, each other Reporting Person herein may be deemed to beneficially own such Shares held by Cottage Holdco B.V. Each of the Reporting Persons disclaims any beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-115151 · tm2127479d1_4.xml · nonDerivative · entry 2

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

JAB Indulgence B.V. · CIK 0001869810 · 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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 9,516,291

F4 · shares: On September 10, 2021, JAB Holdings B.V. purchased Shares of Krispy Kreme in open market transactions.

F5 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $15.6800 to $16.2800, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein (other than JAB Indulgence B.V.). As such, each other Reporting Person herein (other than JAB Indulgence B.V.) may be deemed a beneficial owner of Shares held by JAB Holdings B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-115151 · tm2127479d1_4.xml · nonDerivative · entry 1

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

JAB Indulgence B.V. · CIK 0001869810 · 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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 9,142,402

F1 · shares: On September 9, 2021, JAB Holdings B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $15.3700 to $16.2300, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein (other than JAB Indulgence B.V.). As such, each other Reporting Person herein (other than JAB Indulgence B.V.) may be deemed a beneficial owner of Shares held by JAB Holdings B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-114235 · tm2127242d1_4.xml · nonDerivative · entry 3

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

JAB Indulgence B.V. · CIK 0001869810 · 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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 8,933,318

F5 · shares: On September 8, 2021, JAB Holdings B.V. purchased Shares of Krispy Kreme in open market transactions.

F6 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.8000 to $15.4000, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein (other than JAB Indulgence B.V.). As such, each other Reporting Person herein (other than JAB Indulgence B.V.) may be deemed a beneficial owner of Shares held by JAB Holdings B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-114235 · tm2127242d1_4.xml · nonDerivative · entry 2

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

JAB Indulgence B.V. · CIK 0001869810 · 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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 8,616,026

F1 · shares: On September 7, 2021, JAB Holdings B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F4 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $15.9900 to $16.1900, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein (other than JAB Indulgence B.V.). As such, each other Reporting Person herein (other than JAB Indulgence B.V.) may be deemed a beneficial owner of Shares held by JAB Holdings B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.

SEC source: 0001104659-21-114235 · tm2127242d1_4.xml · nonDerivative · entry 1

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

JAB Indulgence B.V. · CIK 0001869810 · 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 B.V. · 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: Not disclosed

Ownership: Direct

Disclosed balance after: 8,609,743

F1 · shares: On September 7, 2021, JAB Holdings B.V. purchased shares of Common Stock, par value $0.01 per share (the "Shares"), of Krispy Kreme, Inc. ("Krispy Kreme") in open market transactions.

F2 · price: The price reported in Column 4 is a weighted average price. These Shares were purchased at prices ranging from $14.9900 to $15.9800, inclusive. The Reporting Persons undertake to provide to Krispy Kreme, any security holder of Krispy Kreme or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range.

F3 · ownership.direct: These Shares are held and beneficially owned by JAB Holdings B.V., a direct or indirect subsidiary of each other Reporting Person herein (other than JAB Indulgence B.V.). As such, each other Reporting Person herein (other than JAB Indulgence B.V.) may be deemed a beneficial owner of Shares held by JAB Holdings B.V. Each such Reporting Person disclaims beneficial ownership of such Shares, except to the extent of its pecuniary interests therein.