Marvin Cheng - Sep 19, 2023 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role: VP-Manufacturing, Secy
Signature: /s/ Marvin Cheng
Stock symbol: KRT
Transactions as of: Sep 19, 2023
Transactions value $: -$3,150,000
Form type: 4
Date filed: 9/19/2023, 05:27 PM
Previous filing: Sep 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRT	Common Stock	Sale	-$3.15M	-150K	-2.4%	$21.00	6.1M	Sep 19, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Pursuant to a Registration Statement on Form S-3 that became effective on November 28, 2022 and an underwriting agreement dated September 7, 2023, Mr. Cheng sold 500,000 shares of common stock of the Issuer in an underwritten secondary public offering on September 12, 2023. The shares were sold at a public offering price of $21.00 per share, and Mr. Cheng paid an underwriting discount and commission of $0.735 per share, resulting in a net price of $20.265 per share. Mr. Cheng also granted the underwriters a 30-day option to purchase 150,000 additional shares of common stock at the same price and at the same underwriting discount and commission. On September 19, 2023, Mr. Cheng sold such shares pursuant to an exercise in full by the underwriters of such option.

Content

Pursuant to a Registration Statement on Form S-3 that became effective on November 28, 2022 and an underwriting agreement dated September 7, 2023, Mr. Cheng sold 500,000 shares of common stock of the Issuer in an underwritten secondary public offering on September 12, 2023. The shares were sold at a public offering price of $21.00 per share, and Mr. Cheng paid an underwriting discount and commission of $0.735 per share, resulting in a net price of $20.265 per share. Mr. Cheng also granted the underwriters a 30-day option to purchase 150,000 additional shares of common stock at the same price and at the same underwriting discount and commission. On September 19, 2023, Mr. Cheng sold such shares pursuant to an exercise in full by the underwriters of such option.