Filing Details

Accession Number:
0001213900-23-076683
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-14 16:05:22
Reporting Period:
2023-09-12
Accepted Time:
2023-09-14 16:05:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1758021 Karat Packaging Inc. KRT Plastics Products, Nec (3089) 832237832
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1790959 Marvin Cheng 6185 Kimball Street
Chino CA 91708
Vp-Manufacturing, Secy No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2023-09-12 500,000 $21.00 6,249,727 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. 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.