Wang Joanne Tzu Jung 4
4 · Karat Packaging Inc. · Filed Oct 25, 2021
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
2021-10-25+25,000→ 25,700 total - Exercise/Conversion
Restricted Stock Units
2021-10-25−25,000→ 0 total→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Represents shares of Karat Packaging Inc.'s (the "Company") Common Stock received upon the vesting of Restricted Stock Units ("RSUs").
- [F2]RSUs convert into Common Stock on a one-for-one basis.
- [F3]In February 2019, Joanne Wang was granted 75,000 RSUs. These RSUs were scheduled to vest in three equal installments beginning on, April 15, 2022, the first anniversary of the closing of the Company's initial public offering. On September 20, 2021, the Compensation Committee of the Board of Directors of the Company approved the accelerated vesting of these RSUs to vest in three equal installments on October 15, 2021, October 15, 2022 and October 15, 2023. The 25,0000 shares underlying the first tranche of RSUs vested on October 15, 2021 and settled on October 25, 2021.