Karat packaging VP Marvin Cheng sells $95,500 in company stock

Marvin Cheng, VP-Manufacturing and Secretary at Karat Packaging Inc. (NASDAQ:KRT), recently sold shares of the company’s common stock. The transaction, which occurred on September 1, 2026, involved the sale of 2,000 shares for a total value of $95,500.

The shares were sold at prices ranging from $47.50 to $48.00 per share, with a weighted average sale price of $47.75. This information was disclosed in a Form 4 filing with the Securities and Exchange Commission. The sale comes as KRT stock trades near its 52-week high of $50.81, having surged over 119% year-to-date and 102% over the past year.

Following this transaction, Mr. Cheng, who also serves as a Director and 10% Owner of Karat Packaging, directly holds 5,255,272 shares of common stock. Additionally, 3,000 shares are beneficially owned indirectly by his spouse. According to InvestingPro analysis, which rates the company’s financial health as "GREAT," KRT is trading at a low P/E ratio of 19.1 relative to its near-term earnings growth, with a PEG ratio of just 0.33. The platform offers 14 additional ProTips for KRT investors seeking deeper insights.

In other recent news, Karat Packaging reported a significant increase in its second-quarter profit, primarily driven by higher sales and a substantial tariff refund. The company announced adjusted earnings of $1.48 per share, surpassing the analysts’ expectations of $0.48 per share by a wide margin. However, the revenue for the quarter was $136.3 million, slightly below the forecasted $136.91 million. Despite the earnings beat, the company’s stock price remained relatively unchanged. These developments reflect the company’s financial performance in the recent quarter. The notable earnings per share increase highlights the impact of tariff refunds on the company’s bottom line. Analysts had not anticipated such a substantial boost in earnings per share.