Form 4: Karat Packaging Inc. Director Eve Yen Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Director Eve Yen exercised stock options to acquire 5,000 shares of Karat Packaging Inc. common stock at $18.80 and disposed of 6,000 shares on May 16, 2024.
Summary
- On May 16, 2024, Eve Yen, a director of Karat Packaging Inc., exercised stock options to acquire 5,000 shares of common stock at a price of $18.80 per share.
- Simultaneously, Yen disposed of 6,000 shares of common stock.
- Following these transactions, Yen directly owns 5,000 derivative securities and 6,000 shares of common stock.
- The stock options were granted on October 8, 2021, and vested in three equal annual installments starting October 8, 2022.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 10/08/2021 | Reporting person was granted an option to purchase 10,000 shares of common stock. |
| 10/08/2022 | First vesting date of the stock options, vesting in three equal annual installments. |
| 05/16/2024 | Director exercised stock options and disposed of shares. |
| 04/24/2025 | Date of signature on the report. |
Keywords
Form 4, stock options, Karat Packaging Inc., director, Eve Yen, share disposal, common stock, securities
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