Daniel Quire - 12 May 2024 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role: Chief Revenue Officer
Signature: /s/ Daniel Quire
Issuer symbol: KRT
Transactions as of: 12 May 2024
Net transactions value: $0
Form type: 4
Filing time: 13 May 2024, 16:05:16 UTC
Previous filing: 14 Mar 2024
Next filing: 15 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRT	Common Stock	Options Exercise		+8,000	+141%		13,692	12 May 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KRT	Restricted Stock Units	Options Exercise	$0	-8,000	-33%	$0.000000	16,000	12 May 2024	Common Stock	8,000		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Karat Packaging Inc.'s common stock received upon the vesting of restricted stock units ("RSUs").
F2	The RSUs convert into common stock on a one-for-one basis.
F3	On March 12, 2024, the reporting person was granted 24,000 RSUs. These RSUs were scheduled to vest in three equal, annual installments beginning on May 12, 2024.