JAB Holdings B.V. Extends Equity Swap and Maintains 43.03% Stake in Krispy Kreme, Inc.

JAB Holdings B.V., along with its affiliates including JAB Indulgence B.V., Agnaten SE, and Lucresca SE, filed Amendment No. 15 to their Schedule 13D for Krispy Kreme, Inc. (DNUT) on June 16, 2026. The filing reports a beneficial ownership of 74,190,990 shares of common stock, representing 43.03% of the class. The primary purpose of this amendment was to disclose an extension of a long cash-settled total return equity swap arrangement. Specifically, on June 12, 2026, JAB Holdings and HSBC Continental Europe (the Dealer) agreed to extend the term of their existing Long Swap from its previous arrangement to August 10, 2028. This swap provides long exposure to a notional amount of shares with an aggregate initial price not exceeding $100,000,000. No new transactions in the common stock were reported by the reporting persons in the 60 days preceding the filing. The reporting group continues to maintain a significant controlling interest in the issuer through various direct and indirect subsidiaries.