Alicia M. Tranen - Nov 8, 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: Nov 8, 2023
Transactions value $: $38,174
Form type: 4
Date filed: 11/8/2023, 04:41 PM
Previous filing: Oct 4, 2023
Next filing: Nov 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PACK	Class A common stock	Purchase	$30.5K	+10K	+8.7%	$3.05	125K	Nov 8, 2023	By child 1
transaction	PACK	Class A common stock	Purchase	$7.67K	+2.5K	+2.22%	$3.07	115K	Nov 8, 2023	By child 2
holding	PACK	Class A common stock						25K	Nov 8, 2023	By child 3
holding	PACK	Class A common stock						30K	Nov 8, 2023	By spouse	F1
holding	PACK	Class A common stock						5.1K	Nov 8, 2023	By father	F1
holding	PACK	Class A common stock						171K	Nov 8, 2023	See footnote	F2
holding	PACK	Class A common stock						199K	Nov 8, 2023	Direct

* 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	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.

Content

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.

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.