Form 4: Karat Packaging CFO Jian Guo Reports Stock Option Exercise and RSU Vesting
SEC Form 4 Filing
Chief Financial Officer Jian Guo of Karat Packaging Inc. reports exercising stock options and vesting of restricted stock units, resulting in changes to beneficial ownership.
Summary
- On May 8, 2024, Jian Guo, CFO of Karat Packaging Inc., exercised stock options to acquire 3,500 shares of common stock at a price of $16.53 per share.
- On May 12, 2024, Guo also had 8,000 restricted stock units (RSUs) vest, converting into 8,000 shares of common stock.
- Following these transactions, Guo directly owns 20,011 shares of Karat Packaging Inc. common stock and indirectly owns 500 shares through a spouse.
- Guo also holds 43,500 stock options and 16,000 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company executive, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 02/01/2023 | Stock option vesting began in three equal annual installments. |
| 03/12/2024 | Reporting person was granted 24,000 RSUs. |
| 05/08/2024 | Exercise of stock options for 3,500 shares at $16.53. |
| 05/12/2024 | Vesting of 8,000 Restricted Stock Units (RSUs). |
| 05/13/2024 | Date of Form 4 signature. |
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