Omar Asali - Feb 28, 2022 Form 4 Insider Report for Ranpak Holdings Corp. (PACK)

Role
CEO and Executive Chairman, Director
Signature
/s/ Sara Horvath, attorney-in-fact
Stock symbol
PACK
Transactions as of
Feb 28, 2022
Transactions value $
$0
Form type
4
Date filed
3/2/2022, 05:05 PM
Previous filing
May 28, 2021
Next filing
Apr 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACK Class A common stock Award $0 +105K +5.21% $0.00 2.12M Feb 28, 2022 Direct F1, F2
holding PACK Class A common stock 1.33M Feb 28, 2022 By Vivoli Holdings F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.