Alan Yu - May 12, 2024 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Alan Yu
Stock symbol
KRT
Transactions as of
May 12, 2024
Transactions value $
$0
Form type
4
Date filed
5/13/2024, 04:05 PM
Previous filing
Mar 14, 2024
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRT Common Stock Options Exercise +8K +0.12% 6.95M May 12, 2024 Direct F1, F2

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 -8K -33.33% $0.00 16K May 12, 2024 Common Stock 8K Direct F3, F4
* 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 common stock received upon the vesting of restricted stock units ("RSUs").
F2 The previous filings inadvertently underreported the number of common stock owned by the reporting person by 15,400 shares. This filing properly reflects the correct number of shares as of May 13, 2024.
F3 The RSUs convert into common stock on a one-for-one basis.
F4 On March 12, 2024, the reporting person was granted 24,000 RSUs. These RSUs were scheduled to vest in three equal, annual installments beginning on May 12, 2024.