Marvin Cheng Biography and Net Worth

VP of Karat Packaging

Founder of Lollicup USA, Inc., Marvin Cheng is Secretary & Vice President-Manufacturing at Karat Packaging, Inc. and Vice President for Lollicup USA, Inc. (a subsidiary of Karat Packaging, Inc.). Mr. Cheng is also Vice President at Lollicup USA, Inc.

What is Marvin Cheng's net worth?: The estimated net worth of Marvin Cheng is at least $166.22 million as of September 19th, 2023. Mr. Cheng owns 6,099,727 shares of Karat Packaging stock worth more than $166,217,561 as of March 30th. This net worth approximation does not reflect any other assets that Mr. Cheng may own. Additionally, Mr. Cheng receives a salary of $240,000.00 as VP at Karat Packaging. Learn More about Marvin Cheng's net worth.
How old is Marvin Cheng?: Mr. Cheng is currently 55 years old. There are 3 older executives and no younger executives at Karat Packaging. Learn More on Marvin Cheng's age.
What is Marvin Cheng's salary?: As the VP of Karat Packaging Inc., Mr. Cheng earns $240,000.00 per year. There are 3 executives that earn more than Mr. Cheng. The highest earning executive at Karat Packaging is Mr. Daniel Quire, Chief Revenue Officer, who commands a salary of $907,570.00 per year. Learn More on Marvin Cheng's salary.
How do I contact Marvin Cheng?: The corporate mailing address for Mr. Cheng and other Karat Packaging executives is , , . Karat Packaging can also be reached via phone at 626-965-8882 and via email at ir@karatpackaging.com. Learn More on Marvin Cheng's contact information.
Has Marvin Cheng been buying or selling shares of Karat Packaging?: Marvin Cheng has not been actively trading shares of Karat Packaging during the last ninety days. Most recently, Marvin Cheng sold 150,000 shares of the business's stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $21.00, for a transaction totalling $3,150,000.00. Following the completion of the sale, the vice president now directly owns 6,099,727 shares of the company's stock, valued at $128,094,267. Learn More on Marvin Cheng's trading history.

Marvin Cheng Insider Trading History at Karat Packaging

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
9/19/2023	Sell	150,000	$21.00	$3,150,000.00	6,099,727
12/16/2022	Buy	1,000	$13.44	$13,440.00	6,749,727
9/13/2022	Sell	1,000	$18.12	$18,120.00	6,749,227
9/9/2022	Sell	2,000	$18.27	$36,540.00	6,750,227
9/7/2022	Sell	1,721	$18.20	$31,322.20	6,752,509
8/23/2022	Sell	800	$18.56	$14,848.00	6,757,052
8/18/2022	Sell	1,000	$18.60	$18,600.00	6,757,852
12/13/2021	Sell	500	$21.50	$10,750.00
12/10/2021	Sell	1,234	$21.50	$26,531.00
12/7/2021	Sell	2,645	$21.52	$56,920.40
5/6/2021	Buy	200	$16.92	$3,384.00	7,327,598
4/21/2021	Buy	100	$18.37	$1,837.00	7,327,598
4/19/2021	Buy	100	$18.05	$1,805.00	7,327,598

Marvin Cheng Buying and Selling Activity at Karat Packaging

Karat Packaging Company Overview

Karat Packaging Inc., together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. The company also provides new product development, design, printing, and logistics services. It offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. The company was founded in 2000 and is based in Chino, California.

Today's Range

Now: $27.25

$26.83

$28.14

50 Day Range

MA: $30.06

$27.25

$33.36

2 Week Range

Now: $27.25

$23.10

$33.89

Volume

30,832 shs

Average Volume

38,070 shs

Market Capitalization

$546.01 million

P/E Ratio

19.46

Dividend Yield

6.30%

Beta

1.08