Cheng Marvin's Form 4 filing
Karat Packaging Inc.KRT · filed Jun 13, 2025
- Accession no.
- 0001213900-25-054429
- Filed
- Jun 13, 2025
- Trade date
- Jun 12, 2025
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction. Open-market sales total $20.3M. It was filed 1 day after the trade.
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), 10% Owner |
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 |
|---|---|---|---|---|---|---|---|---|
| Jun 12, 2025 | Common Stock | SSaleDisposed | −750,000 | $27.00F1 | −$20,250,000 | 5,369,772 | 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 March 28, 2025 and an underwriting agreement dated June 10, 2025, Mr. Cheng sold 750,000 shares of common stock of the Issuer in an underwritten secondary public offering. The shares were sold at a public offering price of $27.00 per share, and Mr. Cheng paid an underwriting discount and commission of $1.4175 per share, resulting in a net price of $25.5825 per share.
Referenced by the price of 1 transaction in Table I.