Cheng Marvin's Form 4 filing
Karat Packaging Inc.KRT · filed Sep 19, 2023
- Accession no.
- 0001213900-23-077797
- Filed
- Sep 19, 2023
- Trade date
- Sep 19, 2023
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction. Open-market sales total $3.15M. It was filed on the trade date.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Cheng MarvinCIK 0001790959 | Officer (VP-Manufacturing, Secy) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 19, 2023 | Common Stock | SSaleDisposed | −150,000 | $21.00F1 | −$3,150,000 | 6,099,727 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Pursuant to a Registration Statement on Form S-3 that became effective on November 28, 2022 and an underwriting agreement dated September 7, 2023, Mr. Cheng sold 500,000 shares of common stock of the Issuer in an underwritten secondary public offering on September 12, 2023. The shares were sold at a public offering price of $21.00 per share, and Mr. Cheng paid an underwriting discount and commission of $0.735 per share, resulting in a net price of $20.265 per share. Mr. Cheng also granted the underwriters a 30-day option to purchase 150,000 additional shares of common stock at the same price and at the same underwriting discount and commission. On September 19, 2023, Mr. Cheng sold such shares pursuant to an exercise in full by the underwriters of such option.
Referenced by the price of 1 transaction in Table I.