Form 4: Karat Packaging CEO Alan Yu Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Alan Yu, CEO of Karat Packaging Inc., disposed of 1,750 shares of common stock on May 15, 2024, to cover tax obligations.
Summary
- On May 15, 2024, Alan Yu, the CEO of Karat Packaging Inc., disposed of 1,750 shares of common stock.
- The transaction was executed at a weighted average price of $29.0193 per share.
- Following the transaction, Yu directly owns 6,948,348 shares of Karat Packaging Inc.
- The sale was conducted to satisfy tax obligations.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard transaction for tax purposes.
Industry Context
This is a routine Form 4 filing, indicating a transaction by an insider. Such filings are common and provide transparency into the trading activities of company executives and directors. The disposal of shares to cover tax obligations is a typical practice.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the small number of shares disposed of by the CEO.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Alan Yu disposed of 1,750 shares of Karat Packaging Inc. |
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