Ranpak Holdings Corp. (PACK) CFO Reports RSU Tax Share Withholding

Q: Was the Ranpak (PACK) CFO's transaction an open-market sale or a tax withholding?

The transaction was a tax withholding . Shares were withheld by the issuer to cover the reporting person's tax liabilities related to the vesting of previously granted restricted stock units, rather than an open-market sale.

Q: At what price were the withheld Ranpak (PACK) shares valued in this insider transaction?

The 14,823 withheld Class A common shares were valued at a price of $5.53 per share for purposes of this tax-related transaction.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Ranpak Holdings Corp.'s Chief Financial Officer and Executive Vice President reported a routine share withholding related to equity compensation. On 01/02/2026, 14,823 shares of Class A common stock were withheld at a price of $5.53 per share to cover tax liabilities arising from the vesting of previously granted restricted stock units. After this transaction, the officer directly beneficially owns 526,571 shares of Ranpak Class A common stock. This event reflects tax settlement on vested awards rather than an open-market purchase or sale.

Insider Trade Summary

Net Seller: 14,823 shares

Net Sell 1 txn

Insider Drew William

Role Chief Financial Officer & EVP

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A common stock	14,823	$5.53	$82K

Holdings After Transaction: Class A common stock — 526,571 shares (Direct)

Footnotes (1)

F1. 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 restricted stock units.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/06/2026 - 06:56 PM

FAQ

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

The filing reports that Ranpak Holdings Corp.'s Chief Financial Officer and Executive Vice President had 14,823 shares of Class A common stock withheld on 01/02/2026 to cover tax liabilities from the vesting of restricted stock units.

Was the Ranpak (PACK) CFO's transaction an open-market sale or a tax withholding?

The transaction was a tax withholding. Shares were withheld by the issuer to cover the reporting person's tax liabilities related to the vesting of previously granted restricted stock units, rather than an open-market sale.

How many Ranpak Holdings Corp. (PACK) shares does the reporting officer own after this transaction?

Following the reported transaction, the officer directly beneficially owns 526,571 shares of Ranpak Holdings Corp. Class A common stock.

At what price were the withheld Ranpak (PACK) shares valued in this insider transaction?

The 14,823 withheld Class A common shares were valued at a price of $5.53 per share for purposes of this tax-related transaction.

Who is the reporting person in this Ranpak Holdings Corp. (PACK) insider filing and what is their role?

The reporting person is an officer of Ranpak Holdings Corp., serving as Chief Financial Officer & Executive Vice President, and the filing covers their equity compensation-related share withholding.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Drew William

(Last)

(First)

(Middle)

RANPAK HOLDINGS CORP.

7990 AUBURN ROAD

(Street)

CONCORD TOWNSHIP

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer & EVP

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common stock	01/02/2026		F		14,823⁽¹⁾	D	$5.53	526,571	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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 restricted stock units.

	/s/ Sara Horvath, attorney-in-fact	01/06/2025
	** 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.

Source: View Original Filing on SEC EDGAR