Eve Yen - Oct 8, 2021 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role: Director
Signature: /s/ Eve Yen
Stock symbol: KRT
Transactions as of: Oct 8, 2021
Transactions value $: $50,000
Form type: 4
Date filed: 2/3/2022, 07:32 PM
Next filing: May 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRT	Common Stock	Options Exercise	$50K	+5K		$10.00	5K	Feb 2, 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	+10K		$0.00	10K	Oct 8, 2021	Common Stock	10K	$18.80	Direct	F1
transaction	KRT	Stock Option (right to buy)	Options Exercise	$0	-5K	-100%	$0.00^*	0	Feb 2, 2022	Common Stock	5K	$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.