KKI issues time-vested RSUs and PSUs under the Krispy Kreme, Inc. 2021 Omnibus Incentive Plan (“Omnibus Plan”). Certain subsidiaries issue time-vested RSUs under their respective executive ownership plans and long-term incentive plans.


(in thousands, except per share amounts)	Non-vested shares outstanding at December 28, 2025		Granted	Vested		Forfeited		Non-vested shares outstanding at June 28, 2026
KKI
RSUs and PSUs	10,669		3,620	1,320		1,039		11,930
Weighted Average Grant Date Fair Value	$	5.97	3.90	$	9.73	$	6.01	$	5.16






KK Australia
RSUs	21		—	18		3		—
Weighted Average Grant Date Fair Value	$	1.72	—	$	1.72	$	1.72	$	—
KK Mexico
RSUs	1		—	1		—		—
Weighted Average Grant Date Fair Value	$	40.14	—	$	40.14	$	—	$	—

The Company recorded total non-cash compensation expense related to the RSUs and PSUs under the plans of $3.1 million and $7.3 million for the quarter and two quarters ended June 28, 2026, respectively and $4.2 million and $6.4 million for the quarter and two quarters ended June 29, 2025, respectively, which is included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.

The unrecognized compensation cost related to the unvested RSUs and PSUs and the weighted average period over which such cost is expected to be recognized are as follows:


	As of June 28, 2026
	Unrecognized Compensation Cost		Recognized Over a Weighted Average Period of
KKI	$	38,588	2.3 years

KKI issues time-vested stock options under the Omnibus Plan. The fair value of time-vested stock options was estimated on the date of grant using the Black-Scholes option pricing model.

The status of the time-vested stock options as of December 28, 2025 and changes during the first two quarters of fiscal 2026 are presented below:


	Share options outstanding at						Share options outstanding at
(in thousands, except per share amounts)	December 28, 2025		Granted	Exercised	Forfeited or Expired		June 28, 2026
KKI
Options	2,558		—	—	243		2,315
Weighted Average Grant Date Fair Value	$	2.46	—	—	$	1.63	$	2.54
Weighted Average Exercise Price	$	5.43	—	—	$	3.35	$	5.65

The Company recorded total non-cash compensation expense related to the time-vested stock options of $0.2 million and $0.6 million for the quarter and two quarters ended June 28, 2026, respectively, and $0.4 million and $0.8 million for the quarter and two quarters ended June 29, 2025, respectively, which is included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.

The unrecognized compensation cost related to the stock options and the weighted average period over which such cost is expected to be recognized are as follows:


	As of June 28, 2026
	Unrecognized Compensation Cost		Recognized Over a Weighted Average Period of
KKI	$	1,962	2.1 years

No time-vested stock options vested during the quarter and two quarters ended June 28, 2026 or June 29, 2025.