X0306 4 2020-05-05 0 0001644406 Hostess Brands, Inc. TWNK 0001810199 Cullen Rachel P. C/O HOSTESS BRANDS, INC. 7905 QUIVIRA ROAD LENEXA KS 66215 1 0 0 0 Class A Common Stock, par value $0.0001 per share 2020-05-05 4 A 0 1002 0.00 A 1002 D Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive one share of Class A common stock of Hostess Brands, Inc. (the "Company"). These restricted stock units will vest upon the first to occur of (i) the Company's 2020 annual stockholders' meeting, (ii) four months after the date of grant, (iii) the death or disability of the reporting person, or (iv) a change of control of the Company, in each case, subject to continued service until such vesting date, and will be settled upon the reporting person's termination of Board service or if earlier, a change of control of the Company. /s/ Jolyn J. Sebree, Attorney-in-Fact 2020-05-07