Daniel Quire - Aug 31, 2023 Form 3/A - Amendment Insider Report for Karat Packaging Inc. (KRT)

Role: Chief Revenue Officer
Signature: /s/ Daniel Quire
Stock symbol: KRT
Transactions as of: Aug 31, 2023
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 10/17/2023, 09:27 PM
Date Of Original Report: Sep 11, 2023
Next filing: Oct 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KRT	Common Stock						4.52K	Aug 31, 2023	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
holding	KRT	Stock Option (right to buy)							Aug 31, 2023	Common Stock	50K	$18.86	Direct	F2
holding	KRT	Restricted Stock Units							Aug 31, 2023	Common Stock	1.67K	$0.00	Direct	F3

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

Explanation of Responses:

Id	Content
F1	This Amendment is being filed to correct the number of shares of common stock, par value $0.001 (the "Common Stock"), reported as beneficially owned directly by the reporting person on his original Form 3, which inadvertently overstated the number of shares held as of the date of such filing by 1,571 shares of Common Stock, which has been corrected herein.
F2	The stock option vests in three, equal annual installments, which began on October 8, 2022.
F3	This Amendment is being filed to include the reporting person's restricted stock units ("RSUs"). In February 2019, the reporting person was granted 5,000 RSUs. These RSUs were scheduled to vest in three equal installments beginning on April 15, 2022, the first anniversary of the closing of the Company's initial public offering. On September 20, 2021, the Compensation Committee of the Board of Directors of the Company approved the accelerated vesting of these RSUs to vest in three, equal installments on October 15, 2021, October 15, 2022 and October 15, 2023. The RSUs convert into Common Stock on a one-for-one basis.