Joanne Tzu Jung Wang - 25 Oct 2021 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role
Chief Operating Officer
Signature
/s/ Joanne Tzu Jung Wang
Issuer symbol
KRT
Transactions as of
25 Oct 2021
Net transactions value
$0
Form type
4
Filing time
25 Oct 2021, 17:59:19 UTC
Previous filing
20 Apr 2023
Next filing
21 Dec 2021
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 +25,000 +3571% 25,700 25 Oct 2021 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 -25,000 -100% $0.000000* 0 25 Oct 2021 Common Stock 25,000 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 (the "Company") Common Stock received upon the vesting of Restricted Stock Units ("RSUs").
F2 RSUs convert into Common Stock on a one-for-one basis.
F3 In February 2019, Joanne Wang 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. The 25,0000 shares underlying the first tranche of RSUs vested on October 15, 2021 and settled on October 25, 2021.