Karat Packaging Inc. — Director's Dealing 2022

Feb 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Karat Packaging Inc. (KRT)
CIK: 0001758021
Period of Report: 2021-10-08

Reporting Person: Yen Eve (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-02	Common Stock	M	5000	$10.00	Acquired	5000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-08	Stock Option (right to buy)	$18.80	A	10000	Acquired	2031-10-08	Common Stock (10000)	Direct
2022-02-02	Stock Option (right to buy)	$10.00	M	5000	Disposed	2029-02-07	Common Stock (5000)	Direct

Footnotes

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.