X0306 4 2019-01-01 0 0001644406 Hostess Brands, Inc. TWNK 0001690023 Metropoulos C. Dean 200 GREENWICH AVENUE GREENWICH CT 06830 1 0 1 0 Class A Common Stock, par value $0.0001 per share 2019-01-01 4 A 0 3539 0.00 A 458939 D Consists of a grant of restricted stock units in connection with the reporting person's new role as Non-Executive Chairman. Each restricted stock unit represents the right to receive a share of Class A Common Stock, par value $0.0001 per share of Hostess Brands, Inc. (the "Company"). Such restricted stock units shall vest upon the first to occur of (i) the Company's 2019 annual stockholders' meeting, (ii) the date that is nine calendar months following the grant date, (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 shall be settled upon termination of the reporting person's Board service or if earlier, a change of control of the Company. /s/ Jolyn J. Sebree, Attorney-in-Fact 2019-01-03