| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PACK | Class A common stock | Award | $0 | +105,000 | +5.2% | $0.000000 | 2,122,212 | 28 Feb 2022 | Direct | F1, F2 |
| holding | PACK | Class A common stock | 1,333,679 | 28 Feb 2022 | By Vivoli Holdings | F3 |
| Id | Content |
|---|---|
| F1 | Represents Class A Common Stock underlying the performance-based restricted stock units ("Performance RSUs") earned on February 28, 2022 as determined by Ranpak based on pre-established performance goals. The earned Performance RSUs vest as follows: 1/3 of the Performance RSUs vest on March 3, 2022, 1/3 vest on March 3, 2023 and 1/3 vest on March 3, 2024. |
| F2 | Includes 1,025,369 shares of Class A Common Stock that Mr. Asali previously held indirectly through One Madison Group, LLC, an entity of which Mr. Asali is the sole managing member. One Madison Group, LLC previously held 2,577,480 shares of Class A Common Stock, and on December 23, 2021, distributed its Class A Common Stock to its members, including Mr. Asali. This distribution did not change Mr. Asali's pecuniary interest in Class A Common Stock. |
| F3 | Vivoli Holdings holds 1,333,679 shares of Class A common stock. Mr. Asali controls Vivoli Holdings. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |