Karat Packaging Inc. — Director's Dealing 2024

May 13, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Karat Packaging Inc. (KRT)
CIK: 0001758021
Period of Report: 2024-05-08

Reporting Person: Guo Jian (Director, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-08	Common Stock	M	3500	$16.53	Acquired	12011	Direct
2024-05-12	Common Stock	M	8000	—	Acquired	20011	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-05-08	Stock Option (right to buy)	$16.53	M	3500	Disposed	2032-02-01	Common Stock (3500)	Direct
2024-05-12	Restricted Stock Units	$	M	8000	Disposed		Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500	Indirect

Footnotes

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

F2: The option vests in three, equal annual installments, which began on February 1, 2023.

F3: The RSUs convert into common stock on a one-for-one basis.

F4: On March 12, 2024, the reporting person was granted 24,000 RSUs. These RSUs were scheduled to vest in three equal, annual installments beginning on May 12, 2024.