June 27, 2025 · Form 4 insider transaction
Cheng Marvin sold 112,500 shares of KARAT PACKAGING INC at $27.00 per share, a transaction worth $3.04M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 4 days after the transaction.
Pursuant to a Registration Statement on Form S-3 that became effective on March 28, 2025 and an underwriting agreement dated June 10, 2025, Mr. Cheng sold 750,000 shares of common stock of the Issuer in an underwritten secondary public offering. The shares were sold at a public offering price of $27.00 per share, and Mr. Cheng paid an underwriting discount and commission of $1.4175 per share, resulting in a net price of $25.5825 per share. Mr. Cheng also granted the underwriters a 30-day option to purchase 112,500 additional shares of common stock at the same price and at the same underwriting discount and commission. On June 27, 2025, Mr. Cheng sold such shares pursuant to an exercise in full by the underwriters of such option.