Jian Guo - May 8, 2024 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role
Chief Financial Officer, Director
Signature
/s/ Jian Guo
Stock symbol
KRT
Transactions as of
May 8, 2024
Transactions value $
$57,855
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 $57.9K +3.5K +41.12% $16.53 12K May 8, 2024 Direct
transaction KRT Common Stock Options Exercise +8K +66.61% 20K May 12, 2024 Direct F1
holding KRT Common Stock 500 May 8, 2024 By spouse

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) Options Exercise $0 -3.5K -7.45% $0.00 43.5K May 8, 2024 Common Stock 3.5K $16.53 Direct F2
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 option vests in three, equal annual installments, which began on February 1, 2023.
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.