Karat Packaging Inc. — Director's Dealing 2023

Feb 1, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Karat Packaging Inc. (KRT)
CIK: 0001758021
Period of Report: 2023-02-01

Reporting Person: Guo Jian (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-01	Common Stock	M	3750	—	Acquired	4150	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-01	Restricted Stock Units	$	M	3750	Disposed		Common Stock (3750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500	Indirect

Footnotes

F1: Represents shares of Karat Packaging Inc.'s (the "Company") common stock received upon the vesting of the restricted stock units (the "RSUs").

F2: The RSUs convert into common stock on a one-for-one basis.

F3: On February 1, 2022, the reporting person was granted 7,500 RSUs. These RSUs were scheduled to vest in two equal, annual installments beginning on February 1, 2023.