Ranpak Holdings Corp. (PACK) director paid retainer with 3,390 shares

Rhea-AI Filing Summary

Ranpak Holdings Corp. disclosed that one of its directors received part of their quarterly board retainer in stock instead of cash. On 01/02/2026, the director acquired 3,390 shares of Class A common stock at $5.53 per share as fully vested shares for director services.

After this transaction, the director directly beneficially owns 298,062 Class A shares. Additional Class A shares are reported as indirectly owned through the Blue Parrot Trust, which is jointly controlled by the director and spouse, and through family members, although the director formally disclaims beneficial ownership of those indirect holdings.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tranen Alicia M.

(Last) (First) (Middle)

RANPAK HOLDINGS CORP.

7990 AUBURN ROAD

(Street)

CONCORD TOWNSHIP OH 44077

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ranpak Holdings Corp. [ PACK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	01/02/2026		A		3,390(1)	A	$5.53	298,062	D
Class A common stock								71,660	I	By Blue Parrot Trust(2)
Class A common stock								79,924	I	By father(3)
Class A common stock								125,000	I	By child 1
Class A common stock								115,000	I	By child 2
Class A common stock								30,000	I	By child 3
Class A common stock								30,000	I	By spouse(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were issued in connection with the Reporting Person's election to receive the Reporting Person's quarterly retainer for director services in the form of vested shares rather than cash.

2. Shares are held directly by Blue Parrot Trust ("BPT"). BPT is jointly controlled by reporting person and her spouse.

3. 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.

	/s/ Sara Horvath, attorney-in-fact	01/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Ranpak Holdings Corp. (PACK) report?

The company reported that a director acquired 3,390 shares of Ranpak Class A common stock on 01/02/2026 as compensation for board service.

What price was paid for the Ranpak (PACK) shares in this Form 4?

The director received the 3,390 Class A common shares at a reported price of $5.53 per share.

Why did the Ranpak director receive 3,390 shares instead of cash?

The shares were issued because the director elected to receive the quarterly retainer for director services in the form of vested shares rather than cash.

How many Ranpak Class A shares does the director own after this transaction?

Following the transaction, the director directly beneficially owns 298,062 Class A common shares.

What is the Blue Parrot Trust mentioned in the Ranpak Form 4?

The Blue Parrot Trust holds Ranpak shares and is jointly controlled by the reporting person and their spouse. Shares held by the trust are reported as indirectly owned.

Does the Ranpak director claim beneficial ownership of family-held shares?

No. The director reports shares held by certain family members and the trust but disclaims beneficial ownership of those shares for Section 16 and other purposes.