OMAR ASALI - 07 Aug 2023 Form 4 Insider Report for Ranpak Holdings Corp. (PACK)

Role
CEO & Executive Chairman
Signature
/s/ Sara Horvath, attorney-in-fact
Issuer symbol
PACK
Transactions as of
07 Aug 2023
Net transactions value
$0
Form type
4
Filing time
09 Aug 2023, 17:25:40 UTC
Previous filing
11 May 2023
Next filing
07 Mar 2024
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 Award $0 +240,000 +11% $0.000000 2,478,560 07 Aug 2023 Direct F1
holding PACK Class A common stock 1,333,679 07 Aug 2023 By Vivoli Holdings F2
holding PACK Class A common stock 343,220 07 Aug 2023 By Omar M. Asali Irrevocable Trust F/B/O Michael Asali F3
holding PACK Class A common stock 343,220 07 Aug 2023 By Omar M. Asali Irrevocable Trust F/B/O Yasmeen Asali F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs") pursuant to the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan. Each RSU represents a right to receive one share of the issuer's Class A common stock. 50% of the RSUs will vest on January 1, 2025 and the remaining 50% will vest on January 1, 2026.
F2 Vivoli Holdings holds 1,333,679 shares of Class A common stock. Mr. Asali controls Vivoli Holdings. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3 These shares are held in trusts for which Mr. Asali's children are the beneficiaries and in respect of which Mr. Asali may be deemed to have beneficial ownership.