Karat Packaging Inc. — Director's Dealing 2023

Sep 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Karat Packaging Inc. (KRT)
CIK: 0001758021
Period of Report: 2023-09-12

Reporting Person: Cheng Marvin (VP-Manufacturing, Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-09-12	Common Stock	S	500000	$21.00	Disposed	6249727	Direct

Footnotes

F1: Pursuant to a Registration Statement on Form S-3 that became effective on November 28, 2022 and an underwriting agreement dated September 7, 2023, Mr. Cheng sold 500,000 shares of common stock of the Issuer in an underwritten secondary public offering. The shares were sold at a public offering price of $21.00 per share, and Mr. Cheng paid an underwriting discount and commission of $0.735 per share, resulting in a net price of $20.265 per share. Mr. Cheng also granted the underwriters a 30-day option to purchase 150,000 additional shares of common stock at the same price and at the same underwriting discount and commission.