Guo Jian 4

What Happened

• Guo Jian, CFO of Karat Packaging Inc. (KRT), received a grant of 28,000 restricted stock units (RSUs) on March 11, 2026 (reported on the Form 4). Those RSUs vest in two equal annual installments beginning March 10, 2027.
• On May 12, 2026 the filing shows the conversion/exercise of 8,000 derivative units into common stock and a corresponding disposition of 8,000 shares. The filing reports $0 as the price for the grant and the disposition entries (RSUs convert one-for-one and have no exercise price).

Key Details

• Transactions reported: Mar 11, 2026 — grant of 28,000 RSUs (A) at $0; May 12, 2026 — conversion/exercise (M) of 8,000 RSUs into shares (acquired) and disposition (M) of 8,000 shares at $0 (derivative).
• Footnotes: F1–F2 confirm these are RSUs that convert one-for-one into common stock; F3 notes the Mar 11, 2026 grant vests in two equal annual installments starting Mar 10, 2027; F4 refers to a Mar 12, 2024 grant of 24,000 RSUs that vest in three equal annual installments beginning May 12, 2024 (the May 12, 2026 conversion aligns with that prior grant’s scheduled vesting).
• Shares owned after these transactions are not specified in the filing.
• Timing: The March 11, 2026 RSU grant was reported on the Form 4 filed May 14, 2026 (over two months later), which indicates the grant disclosure was late; the May 12, 2026 conversion/disposition was reported on the May 14 filing (within typical Form 4 timing).

Context

• These entries concern RSU awards and vesting/conversion rather than open-market buying or selling. RSU grants are compensation and do not necessarily signal insider market views. The conversion/disposition reflects RSU vesting and conversion into shares; the filing reports $0 for the entries because RSUs have no exercise price and no cash sale price is shown on the Form 4.