Eric K. Chen - 08 Oct 2021 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role
Director
Signature
/s/ Eric K. Chen
Issuer symbol
KRT
Transactions as of
08 Oct 2021
Net transactions value
$0
Form type
4
Filing time
09 May 2024, 17:09:43 UTC
Next filing
03 Dec 2021
SEC
View on sec.gov

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 Restricted Stock Units Award $0 +2,000 $0.000000 2,000 07 May 2024 Common Stock 2,000 Direct F2, F3
* 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. This option was inadvertently not reported due to administrative error.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F3 The RSUs vest in two, equal annual installments beginning on May 7, 2025.