Alicia M. Tranen - Apr 3, 2023 Form 4 Insider Report for Ranpak Holdings Corp. (PACK)

Role
Director
Signature
/s/ Sara Horvath, attorney-in-fact
Stock symbol
PACK
Transactions as of
Apr 3, 2023
Transactions value $
$18,427
Form type
4
Date filed
4/4/2023, 09:47 PM
Previous filing
Nov 18, 2022
Next filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACK Class A common stock Award $18.4K +3.59K +2.29% $5.13 161K Apr 3, 2023 Direct F1
holding PACK Class A common stock 6K Apr 3, 2023 By spouse F2
holding PACK Class A common stock 5.1K Apr 3, 2023 By father F2
holding PACK Class A common stock 171K Apr 3, 2023 See footnote F3
holding PACK Class A common stock 40K Apr 3, 2023 See footnote F4
holding PACK Class A common stock 40K Apr 3, 2023 See footnote F4
holding PACK Class A common stock 10K Apr 3, 2023 See footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 These shares are held by the reporting person's children living in her household.