Schedule of Assets (Held at End of Year)

12 Months Ended

Dec. 31, 2024

EBP 004 [Member]

Employee Benefit Plan, Schedule of Asset Held for Investment [Line Items]

Schedule of Assets (Held at End of Year)

Flowers Foods, Inc.

401(k) Retirement Savings Plan

Schedule H, line 4i — Schedule of Assets (Held at End of Year)

December 31, 2024 EIN No. 58-2582379 / Plan Number 004

(a) Party in Interest	(b) Identity of issue or borrower	(c) Description of Investment	(d) Cost**	(e) Current Value
	Putnam Stable Value Fund	Collective Investment Trust; 55,452,404 shares		$	56,346,493
	Geneva Small Cap Growth Collective FD C	Collective Investment Trust; 1,536,013 shares			16,954,975
	Harbor Capital Appreciation CIT 4	Collective Investment Trust; 1 share			1
	Harbor Capital Appreciation CIT R	Collective Investment Trust; 5,332,142 shares			95,125,412
	Vanguard Target Retire 2020 Trust II	Collective Trust Fund; 330,032 shares			15,478,517
	The Vanguard Target Retire 2025 Trust II	Collective Trust Fund; 955,189 shares			47,214,981
	The Vanguard Target Retire 2030 Trust II	Collective Trust Fund; 1,410,729 shares			72,060,031
	Vanguard Target Retire 2035 Trust II	Collective Trust Fund; 1,046,630 shares			56,507,539
	Vanguard Target Retire 2040 Trust II	Collective Trust Fund; 708,132 shares			40,972,532
	Vanguard Target Retire 2045 Trust II	Collective Trust Fund; 623,120 shares			37,642,663
	Vanguard Target Retire 2050 Trust II	Collective Trust Fund; 617,305 shares			38,038,323
	Vanguard Target Retire 2055 Trust II	Collective Trust Fund; 394,794 shares			32,578,400
	Vanguard Target Retire 2060 Trust II	Collective Trust Fund; 246,509 shares			16,052,693
	Vanguard Target Retire 2065 Trust II	Collective Trust Fund; 137,868 shares			5,528,499
	Vanguard Target Retire Inc Trust II	Collective Trust Fund; 94,825 shares			4,268,076
	The Vanguard Target Retire 2070 Trust II	Collective Trust Fund; 36,241 shares			886,454
					535,655,589
	American Europacific Growth Fund	Mutual Fund; 522,613 shares			28,074,783
	Dodge & Cox Income X	Mutual Fund; 3,157,045 shares			39,115,795
	Dodge & Cox Stock X	Mutual Fund; 325,904 shares			83,819,254
	Seagall Bryant & Hamill SM CP VAL INS	Mutual Fund; 477,649 shares			7,112,187
	Vanguard Institutional Index Fund	Mutual Fund; 176,259 shares			84,410,419
	Vanguard Small Cap Index Instl	Mutual Fund; 116,662 shares			13,433,577
	Vanguard Total Bond Market Index Inst	Mutual Fund; 1,620,515 shares			15,362,486
	Vanguard Total Intl Stock Index Instl	Mutual Fund; 146,571 shares			18,573,502
					289,902,003
	Flowers Foods, Inc Common Stock Fund:
	Invesco Funds Government & Agency	Mutual Fund; 260,541 shares			260,541
*	Flowers Foods, Inc. Common Stock	Common Stock; 1,621,384 shares			33,497,793
*	Notes receivable from participants	Notes, with interest rates between 9.75% and 10.5%			23,328,496
				$	882,644,422

* Parties-in-Interest (See Note 6)

** Cost information not required for participant-directed accounts