X0306 4 2021-10-08 0 0001758021 Karat Packaging Inc. KRT 0001790634 Yen Eve C/O KARAT PACKAGING INC. 6185 KIMBALL STREET CHINO CA 91708 1 0 0 0 Common Stock 2022-02-02 4 M 0 5000 10.00 A 5000 D Stock Option (right to buy) 18.80 2021-10-08 4 A 0 10000 0 A 2031-10-08 Common Stock 10000 10000 D Stock Option (right to buy) 10.00 2022-02-02 4 M 0 5000 0 D 2029-02-07 Common Stock 5000 0 D On October 8, 2021, the reporting person was granted an option to purchase 10,000 shares of common stock. The option vests in three equal annual instalments beginning on October 8, 2022. On February 7, 2019, the reporting person was granted an option to purchase 5,000 shares of common stock. The option was scheduled to vest in full on the first anniversary of Karat Packaging Inc.'s (the "Company") initial public offering. On September 20, 2021, the Compensation Committee of the Board of Directors of the Company approved the accelerated vesting of the option to October 15, 2021. /s/ Eve Yen 2022-02-03