Jian Guo - 08 May 2024 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role
Chief Financial Officer, Director
Signature
/s/ Jian Guo
Issuer symbol
KRT
Transactions as of
08 May 2024
Transactions value $
$57,855
Form type
4
Filing time
13 May 2024, 16:05:20 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 $57.9K +3.5K +41.12% $16.53 12K 08 May 2024 Direct
transaction KRT Common Stock Options Exercise +8K +66.61% 20K 12 May 2024 Direct F1
holding KRT Common Stock 500 08 May 2024 By spouse

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 Stock Option (right to buy) Options Exercise $0 -3.5K -7.45% $0.00 43.5K 08 May 2024 Common Stock 3.5K $16.53 Direct F2
transaction KRT Restricted Stock Units Options Exercise $0 -8K -33.33% $0.00 16K 12 May 2024 Common Stock 8K Direct F3, F4
* 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 option vests in three, equal annual installments, which began on February 1, 2023.
F3 The RSUs convert into common stock on a one-for-one basis.
F4 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.