Karat Packaging Inc. — Director's Dealing 2023

Oct 17, 2023

SEC Form 3/A — Form 3/A

Issuer: Karat Packaging Inc. (KRT)
CIK: 0001758021
Period of Report: 2023-08-31

Reporting Person: Quire Daniel (Chief Revenue Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4516	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$18.86	2031-10-08	Common Stock (50000)		Direct
Restricted Stock Units	$0		Common Stock (1666)		Direct

Footnotes

F1: This Amendment is being filed to correct the number of shares of common stock, par value $0.001 (the "Common Stock"), reported as beneficially owned directly by the reporting person on his original Form 3, which inadvertently overstated the number of shares held as of the date of such filing by 1,571 shares of Common Stock, which has been corrected herein.

F2: The stock option vests in three, equal annual installments, which began on October 8, 2022.

F3: This Amendment is being filed to include the reporting person's restricted stock units ("RSUs"). In February 2019, the reporting person was granted 5,000 RSUs. These RSUs were scheduled to vest in three equal installments beginning on April 15, 2022, the first anniversary of the closing of the Company's initial public offering. On September 20, 2021, the Compensation Committee of the Board of Directors of the Company approved the accelerated vesting of these RSUs to vest in three, equal installments on October 15, 2021, October 15, 2022 and October 15, 2023. The RSUs convert into Common Stock on a one-for-one basis.