---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-076148"
form_type: "8-K"
ticker: "KRT"
cik: "0001758021"
company_name: "Karat Packaging Inc."
filed_at: "2023-09-12T23:59:59+00:00"
generated_at: "2026-06-10T21:15:43.417461+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Management sells 1M shares in secondary offering at $21.00/share; company gets no proceeds

## Summary
- Secondary offering of 1,000,000 shares by selling stockholders (management) at $21.00 per share.
- Underwriter granted 30-day option to purchase up to an additional 150,000 shares from selling stockholders.
- Karat Packaging receives no proceeds from the offering; expected to close September 12, 2023.
- Lake Street Capital Markets is sole book-running manager for the offering.

## SEC filing metadata
- accession: 0001213900-23-076148
- form_type: 8-K
- ticker: KRT
- cik: 0001758021
- company_name: Karat Packaging Inc.
- filed_at: 2023-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758021/000121390023076148/0001213900-23-076148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758021/000121390023076148/ea185045-8k_karatpack.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-076148
- JSON: https://secwatch.observer/filing/0001213900-23-076148.json
- Plain text: https://secwatch.observer/filing/0001213900-23-076148.txt

## Key facts
- Material Agreements
  Karat Packaging Inc. entered into Underwriting Agreement with Lake Street Capital Markets, LLC (effective 2023-09-07).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Lake Street Capital Markets, LLC
  - Effective: 2023-09-07
  source text: On September 7, 2023, Karat Packaging Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Lake Street Capital Markets, LLC, as the underwriter (the “Underwriter”), relating to the secondary offering of 1,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) by certain selling stockholders, at a public offering price of $21.00 per share (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758021/000121390023076148/0001213900-23-076148-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.