Ann T. Sabahat - Sep 20, 2021 Form 4 Insider Report for Karat Packaging Inc. (KRT)

Role: Chief Financial Officer
Signature: /s/ Ann T. Sabahat
Stock symbol: KRT
Transactions as of: Sep 20, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/5/2021, 08:30 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRT	Common Stock	Options Exercise		+5K			5K	Sep 20, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KRT	Restricted Stock Units	Options Exercise	$0	-5K	-100%	$0.00^*	0	Sep 20, 2021	Common Stock	5K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Karat Packaging Inc.'s Common Stock received upon the vesting of Restricted Stock Units ("RSUs").
F2	RSUs convert into Common Stock on a one-for-one basis.
F3	On September 8, 2020, Ann Sabahat was granted 5,000 RSUs. These RSUs were scheduled to vest on April 15, 2022. On September 20, 2021, the Compensation Committee of the Board of Directors of the Company approved the accelerated vesting of these RSUs to September 20, 2021.