X0306 4 2019-01-11 0 0001644406 Hostess Brands, Inc. TWNK 0001553018 Callahan Andrew P C/O HOSTESS BRANDS, INC. 1 EAST ARMOUR BOULEVARD KANSAS CITY MO 64111 1 1 0 0 See Remarks Restricted Stock Units 2019-01-11 4 A 0 73703 0.00 A 73703 D Restricted Stock Units 66372 D Stock Options 11.35 2019-01-11 4 A 0 218704 0.00 A 2029-01-10 Class A Common Stock 218704 218704 D Stock Options 13.99 2028-07-31 Class A Common Stock 207808 207808 D Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of Class A Common Stock. These restricted stock units will vest in equal or nearly equal installments on January 11 of each of 2020, 2021 and 2022, assuming continued employment through the applicable vesting date. Consists of previously disclosed restricted stock units that remain subject to time-based vesting criteria. Consists of a grant of options to purchase shares of Class A Common Stock. Such options are subject to vesting in equal or nearly equal installments on January 11 of each of 2020, 2021, and 2022, assuming continued employment through the applicable vesting date. Consists of a grant of previously disclosed options to purchase shares of Class A Common Stock. Such options are subject to vesting in equal or nearly equal installments on May 7 of each of 2019, 2020, 2021 and 2022, assuming continued employment through the applicable vesting date. President and Chief Executive Officer /s/ Jolyn J. Sebree, Attorney-in-Fact 2019-01-15