Eve Yen - 08 Oct 2021 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role: Director
Signature: /s/ Eve Yen
Issuer symbol: KRT
Transactions as of: 08 Oct 2021
Net transactions value: +$50,000
Form type: 4
Filing time: 03 Feb 2022, 19:32:23 UTC
Next filing: 19 May 2022
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	$50,000	+5,000		$10.00	5,000	02 Feb 2022	Direct

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)	Award	$0	+10,000		$0.000000	10,000	08 Oct 2021	Common Stock	10,000	$18.80	Direct	F1
transaction	KRT	Stock Option (right to buy)	Options Exercise	$0	-5,000	-100%	$0.000000^*	0	02 Feb 2022	Common Stock	5,000	$10.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On October 8, 2021, the reporting person was granted an option to purchase 10,000 shares of common stock. The option vests in three equal annual instalments beginning on October 8, 2022.
F2	On February 7, 2019, the reporting person was granted an option to purchase 5,000 shares of common stock. The option was scheduled to vest in full on the first anniversary of Karat Packaging Inc.'s (the "Company") initial public offering. On September 20, 2021, the Compensation Committee of the Board of Directors of the Company approved the accelerated vesting of the option to October 15, 2021.