Alicia M. Tranen - Jul 29, 2022 Form 4 Insider Report for Ranpak Holdings Corp. (PACK)

Role: Director
Signature: /s/ Sara Horvath, attorney-in-fact
Stock symbol: PACK
Transactions as of: Jul 29, 2022
Transactions value $: $1,337,250
Form type: 4
Date filed: 8/2/2022, 04:02 PM
Previous filing: Jul 6, 2022
Next filing: Sep 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PACK	Class A common stock	Purchase	$785K	+150K		$5.23	150K	Jul 29, 2022	See footnote	F1
transaction	PACK	Class A common stock	Purchase	$100K	+20K	+34.36%	$5.01	78.2K	Aug 1, 2022	Direct
transaction	PACK	Class A common stock	Purchase	$150K	+30K	+38.36%	$5.00	108K	Aug 1, 2022	Direct
transaction	PACK	Class A common stock	Purchase	$125K	+25K		$5.00	25K	Aug 1, 2022	See footnote	F2
transaction	PACK	Class A common stock	Purchase	$127K	+25K		$5.08	25K	Aug 1, 2022	See footnote	F2
transaction	PACK	Class A common stock	Purchase	$50.8K	+10K		$5.08	10K	Aug 1, 2022	See footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares are held directly by Boulevard Capital Partners L.P. ("BCP"). Boulevard Capital Management LLC ("BCM") is the general partner of BCP. The reporting person is the sole manager of BCM and therefore may be deemed to hold voting and dispositive power over the shares held by BCP. The reporting person disclaims beneficial ownership of the shares held by BCP except to the extent of her pecuniary interest therein.
F2	These shares are held by the reporting person's children living in her household. The reporting person disclaims beneficial ownership of the shares held by these children, and this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purposes.

Content

Shares are held directly by Boulevard Capital Partners L.P. ("BCP"). Boulevard Capital Management LLC ("BCM") is the general partner of BCP. The reporting person is the sole manager of BCM and therefore may be deemed to hold voting and dispositive power over the shares held by BCP. The reporting person disclaims beneficial ownership of the shares held by BCP except to the extent of her pecuniary interest therein.

These shares are held by the reporting person's children living in her household. The reporting person disclaims beneficial ownership of the shares held by these children, and this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purposes.