Joanne Wang - Oct 15, 2023 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role
Chief Operating Officer
Signature
/s/ Joanne Tzu Jung Wang
Stock symbol
KRT
Transactions as of
Oct 15, 2023
Transactions value $
$0
Form type
4
Date filed
10/17/2023, 09:31 PM
Previous filing
Feb 10, 2023
Next filing
Oct 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRT Common Stock Options Exercise +25K +346.12% 32.2K Oct 15, 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
transaction KRT Restricted Stock Units Options Exercise $0 -25K -100% $0.00* 0 Oct 15, 2023 Common Stock 25K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joanne Wang is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of Karat Packaging Inc.'s (the "Company") Common Stock, par value $0.001 (the "Common Stock"), received upon the vesting of restricted stock units (the "RSUs").
F2 The RSUs convert into Common Stock on a one-for-one basis.
F3 In February 2019, the reporting person was granted 75,000 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.