Omar Asali - 14 Mar 2024 Form 4 Insider Report for Ranpak Holdings Corp. (PACK)

Role
CEO and Executive Chairman, Director
Signature
/s/ Sara Horvath, attorney-in-fact
Issuer symbol
PACK
Transactions as of
14 Mar 2024
Net transactions value
$0
Form type
4
Filing time
18 Mar 2024, 21:33:39 UTC
Previous filing
07 Mar 2024
Next filing
20 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 +93,777 +3.7% $0.000000 2,650,310 14 Mar 2024 Direct F1
holding PACK Class A common stock 1,333,679 14 Mar 2024 By Vivoli Holdings F2
holding PACK Class A common stock 343,220 14 Mar 2024 By Omar M. Asali Irrevocable Trust F/B/O Michael Asali F3
holding PACK Class A common stock 343,220 14 Mar 2024 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 Class A Common Stock underlying the performance-based restricted stock units ("Performance RSUs") earned on March 14, 2024 as determined by Ranpak based on pre-established performance goals. The earned Performance RSUs vest in three equal installments on each of March 14, 2024, March 10, 2025 and March 10, 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.