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

Role: Director
Signature: /s/ Sara Horvath, attorney-in-fact
Issuer symbol: PACK
Transactions as of: 29 Jul 2022
Net transactions value: +$1,337,250
Form type: 4
Filing time: 02 Aug 2022, 16:02:30 UTC
Previous filing: 06 Jul 2022
Next filing: 09 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PACK	Class A common stock	Purchase	$784,500	+150,000		$5.23	150,000	29 Jul 2022	See footnote	F1
transaction	PACK	Class A common stock	Purchase	$100,100	+20,000	+34%	$5.00	78,205	01 Aug 2022	Direct
transaction	PACK	Class A common stock	Purchase	$149,850	+30,000	+38%	$5.00	108,205	01 Aug 2022	Direct
transaction	PACK	Class A common stock	Purchase	$125,000	+25,000		$5.00	25,000	01 Aug 2022	See footnote	F2
transaction	PACK	Class A common stock	Purchase	$127,000	+25,000		$5.08	25,000	01 Aug 2022	See footnote	F2
transaction	PACK	Class A common stock	Purchase	$50,800	+10,000		$5.08	10,000	01 Aug 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.