Certain Options of Karat Packaging Inc. are subject to a Lock-Up Agreement Ending on 13-OCT-2021. These Options will be under lockup for 181 days starting from 15-APR-2021 to 13-OCT-2021.

Details:
The executive officers and directors have agreed that they will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of common stock or securities convertible into or exchangeable or exercisable for any shares of common stock, for a period of 180 days after the date of the final prospectus supplement.