Form 4: Karat Packaging CFO Jian Guo Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Jian Guo, CFO of Karat Packaging Inc., disposed of 2,481 shares of common stock on May 14, 2024, to cover tax obligations.
Summary
- On May 14, 2024, Jian Guo, the Chief Financial Officer of Karat Packaging Inc. (KRT), disposed of 2,481 shares of common stock.
- The transaction was executed at a weighted average price of $27.4647 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Jian Guo directly owns 17,530 shares and indirectly owns 500 shares through a spouse.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors about the buying and selling activities of key personnel.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of stock disposal transaction |
| 05/15/2024 | Date of signature on the Form 4 filing |
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