X0306 4 2017-12-18 0 0001644406 Hostess Brands, Inc. TWNK 0001689842 CDM Hostess Class C, LLC 200 GREENWICH AVENUE GREENWICH CT 06830 0 0 0 1 See Remarks Class A Common Stock 2017-12-18 4 J 0 31685 A 31685 D Class A Common Stock 2017-12-18 4 S 0 31685 15.3023 D 0 D Class B Common Stock 2017-12-18 4 J 0 31685 D Class A Common Stock 31685 988224 D Pursuant to the Exchange Agreement, dated November 4, 2016, by and between the Issuer, the reporting person and the other parties thereto (the "Exchange Agreement"), each share of Class B Common Stock may be exchanged for one share of Class A Common Stock of the Issuer, if exchanged together with one Class B Unit of Hostess Holdings, L.P. The exchange rights under the Exchange Agreement do not expire. Reflects the weighted average price of sales on December 18, 2017. The shares were sold pursuant to a 10b5-1 trading plan in multiple transactions at prices ranging from $15.30 to $15.37, inclusive. The 10b5-1 trading plan was established by C. Dean Metropoulos, the controlling person of the reporting person, on September 14, 2017 to provide for sales of shares, from time to time, by entities controlled thereby, within pre-determined price and quantity limits. The reporting person undertakes to provide to Hostess Brands, Inc., any security holder of Hostess Brands, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range. Member of Director/Officer/10% owner group /s/ C. Dean Metropoulos 2017-12-20