Quire Daniel 4

What Happened Quire Daniel, Chief Revenue Officer of Karat Packaging (KRT), received a grant of 24,000 restricted stock units (RSUs on March 11, 2026) and, on May 12, 2026, converted 8,000 RSU-derived shares. The May 12 conversion is reported as an acquisition of 8,000 shares through derivative conversion and an equal disposition of 8,000 shares (both reported at $0 in the filing). No cash values are shown for the disposed shares in the Form 4 excerpt.

Key Details

• Grant: 24,000 RSUs granted on March 11, 2026 (reported on Form 4 filed May 14, 2026). The RSUs were recorded at $0.00 (standard for awards).
• Vesting terms: The March 11, 2026 RSUs vest in two equal annual installments beginning March 10, 2027 (per footnote). A prior grant of 24,000 RSUs on March 12, 2024 vests in three equal annual installments beginning May 12, 2024.
• May 12, 2026 activity: 8,000 RSU-derived shares were converted (acquired via conversion) and an equal 8,000 shares were immediately disposed (both reported at $0).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: The March 11, 2026 RSU grant is reported on the May 14, 2026 Form 4 (more than two business days later), so that award appears to have been reported late. The May 12, 2026 conversion was reported on May 14 (within two business days).

Context The May 12 conversion aligns with the vesting schedule for the March 12, 2024 RSU grant (three equal annual installments), meaning 8,000 shares vested on May 12, 2026 and were converted to common stock. The filing shows an equal disposition of those 8,000 shares on the same day; Form 4s sometimes report such immediate dispositions to satisfy tax withholding or other plan requirements, but this specific filing does not state the reason for the disposition. These transactions are award/derivative-related conversions rather than open-market purchases or discretionary sales.