Karat packaging VP Cheng’s spouse sells $212,985 in shares
Marvin Cheng, Vice President of Manufacturing and Secretary at Karat Packaging Inc. (KRT), reported that his spouse sold 4,500 shares of company common stock on August 20, 2026, generating a total of $212,985. These shares were part of a larger 7,500-share gift made by Mr. Cheng to his spouse on December 22, 2022. The sale took place at a weighted average price of $47.33 per share, with individual sale prices ranging from $47.25 to $47.50.
KRT shares have surged 122% year-to-date, currently trading at $48.05 with a market capitalization of $948 million. According to InvestingPro analysis, the stock is slightly overvalued relative to its Fair Value, yet it has delivered strong returns over the past year. As of the filing, Mr. Cheng directly holds 5,257,272 shares of Karat Packaging common stock and serves as a Director and 10% Owner of the company.
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