OMAR ASALI - 05 Mar 2024 Form 4 Insider Report for Ranpak Holdings Corp. (PACK)

Signature
/s/ Sara Horvath, attorney-in-fact
Issuer symbol
PACK
Transactions as of
05 Mar 2024
Net transactions value
-$63,941
Form type
4
Filing time
07 Mar 2024, 21:41:22 UTC
Previous filing
09 Aug 2023
Next filing
18 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACK Class A common stock Award $0 +92,026 +3.7% $0.000000 2,570,586 05 Mar 2024 Direct F1
transaction PACK Class A common stock Tax liability $63,941 -14,053 -0.55% $4.55 2,556,533 06 Mar 2024 Direct F2
holding PACK Class A common stock 1,333,679 05 Mar 2024 By Vivoli Holdings F3
holding PACK Class A common stock 343,220 05 Mar 2024 By Omar M. Asali Irrevocable Trust F/B/O Michael Asali F4
holding PACK Class A common stock 343,220 05 Mar 2024 By Omar M. Asali Irrevocable Trust F/B/O Yasmeen Asali F4
* 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 March 10, 2025, and the remaining 50% will vest on March 10, 2026.
F2 Represents shares withheld to cover payment of the tax liabilities of the reporting person related to the vesting of a portion of the reporting person's previously-granted performance-based restricted stock units.
F3 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.
F4 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.