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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/12/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1758021 |
| Issuer Name: Karat Packaging Inc. |
| Issuer Trading Symbol: KRT |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1907145 |
| | Owner Name: Guo Jian |
| Reporting Owner Address: |
| | Owner Street 1: 6185 KIMBALL AVENUE |
| | Owner Street 2: |
| | Owner City: CHINO |
| | Owner State: CA |
| | Owner ZIP Code: 91708 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chief Financial Officer |
| | Other Text: |
| Aff 10b5 One: 0 |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 3/12/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 24,000 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 24,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 24,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Karat Packaging Inc. common stock. |
| Footnote - F2: The RSUs vest in three, equal annual installments beginning on May 12, 2024. |
| Owner Signature: |
| Signature Name: /s/ Jian Guo |
| Signature Date: 3/14/24 |
