Alicia M. Tranen - May 25, 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
May 25, 2023
Transactions value $
$0
Form type
4
Date filed
5/30/2023, 04:09 PM
Previous filing
May 11, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACK Class A common stock Award $0 +31K +19.29% $0.00 191K May 25, 2023 Direct F1
holding PACK Class A common stock 22K May 25, 2023 By spouse F2
holding PACK Class A common stock 50K May 25, 2023 By child 1
holding PACK Class A common stock 47.5K May 25, 2023 By child 2
holding PACK Class A common stock 13K May 25, 2023 By child 3
holding PACK Class A common stock 5.1K May 25, 2023 By father F2
holding PACK Class A common stock 171K May 25, 2023 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.
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.