Form 4: Karat Packaging CFO Jian Guo Exercises Stock Options
SEC Form 4 Filing
Jian Guo, CFO of Karat Packaging Inc., exercised stock options and acquired 2,000 shares of common stock on August 19, 2024.
Summary
- On August 19, 2024, Jian Guo, the Chief Financial Officer of Karat Packaging Inc., exercised stock options to acquire 2,000 shares of common stock at a price of $16.53 per share.
- Following this transaction, Guo directly owns 19,530 shares of Karat Packaging Inc. common stock.
- Guo also indirectly owns 500 shares through a spouse.
- The exercised stock options were part of an award that vests in three equal annual installments, which began on February 1, 2023.
- Guo now holds 41,500 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard SEC filing regarding stock option exercise.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Related Party Transactions
- Jian Guo indirectly owns 500 shares through a spouse.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/01/2023 | First vesting date of the stock options in three equal annual installments. |
| 08/19/2024 | Date of transaction: Jian Guo exercised stock options. |
| 08/20/2024 | Date of signature of the Form 4 filing. |
| 02/01/2032 | Expiration date of the stock options. |
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