Alicia M. Tranen - Nov 3, 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
Nov 3, 2022
Transactions value $
$52,513
Form type
4
Date filed
1/5/2023, 07:09 PM
Previous filing
Oct 5, 2022
Next filing
Nov 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACK Class A common stock Purchase $4.85K +1K $4.85 1K Nov 3, 2022 By spouse F1
transaction PACK Class A common stock Purchase $28.6K +5K +500% $5.72 6K Nov 17, 2022 By spouse F1, F2
transaction PACK Class A common stock Award $19.1K +3.25K +2.11% $5.87 157K Jan 3, 2023 Direct F3, F4
holding PACK Class A common stock 5.1K Nov 3, 2022 By father F4
holding PACK Class A common stock 171K Nov 3, 2022 See footnote F5
holding PACK Class A common stock 40K Nov 3, 2022 See footnote F6
holding PACK Class A common stock 40K Nov 3, 2022 See footnote F6
holding PACK Class A common stock 10K Nov 3, 2022 See footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F2 The price reported in Column 4 is a weighted average price. These shares were executed in multiple transactions at prices ranging from $5.68 to $5.72, inclusive. The Reporting Person hereby undertakes to provide full information regarding the numbers of shares and prices at which the transactions were affected upon request by the SEC staff, the issuer, or a security holder of the issuer.
F3 These shares were issued in connection with the Reporting Person's election to receive the Reporting Person's quarterly retainer for director services in the form of vested shares rather than cash.
F4 The Reporting Person's prior Form 4 filed on November 18, 2022 inadvertently included under her direct ownership 5,100 shares of Class A common stock held in an account owned by the Reporting Person's father over which the Reporting Person has investment control, when in fact these shares should have been reported on a separate line as the Reporting Person's indirect holding. This Form 4 hereby corrects that error and reflects the correct holding amounts. The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F5 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.
F6 These shares are held by the Reporting Person's children living in her household.