Ranpak director receives stock grant in lieu of cash

Q: What insider transaction did Ranpak (PACK) director Salil Seshadri report?

Ranpak director Salil Seshadri received 2,713 shares of Class A common stock as a grant. The shares were issued in lieu of his quarterly cash retainer for director services, reflecting compensation rather than an open-market stock purchase or sale.

Q: At what price were the new Ranpak (PACK) shares awarded to Salil Seshadri?

The 2,713 newly awarded Ranpak shares carried a value of $6.91 per share. This price is used in the Form 4 to describe the grant, which represents stock-based compensation for quarterly director services instead of a cash payment.

Q: How many Ranpak (PACK) shares does Salil Seshadri hold directly after this Form 4 grant?

Following the grant, Salil Seshadri directly holds 575,251 shares of Ranpak Class A common stock. This total includes the 2,713 shares received as his elected stock compensation for the quarterly director retainer, as disclosed in the filing.

Q: What is the Peacock 2021 Family Trust’s connection to Ranpak (PACK) shares?

The filing reports 214,016 Ranpak shares held by the Peacock 2021 Family Trust. Salil Seshadri has investment control and pecuniary interest over these trust-held shares, making them an indirect holding attributed to him in the Form 4 disclosure.

Q: Was Salil Seshadri’s Ranpak (PACK) stock grant an open-market purchase?

No. The Form 4 explains the 2,713 Ranpak shares were issued as compensation for his quarterly director retainer. This is a grant or award transaction, not an open-market buy or sell, and reflects stock-based payment in lieu of cash.

Seshadri Salil reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

Seshadri Salil reported acquisition or exercise transactions in this Form 4 filing.

Ranpak Holdings Corp. director Salil Seshadri received a stock award rather than cash for board service. On this Form 4, he was granted 2,713 shares of Class A common stock at $6.91 per share in lieu of his quarterly director retainer, increasing his direct holdings to 575,251 shares.

The filing also reports 214,016 shares of Class A common stock held indirectly through the Peacock 2021 Family Trust, over which he has investment control and pecuniary interest.

Insider Trade Summary

Grant/Award: 2,713 shares

Grant/Award 2 txns

Insider Seshadri Salil

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	2,713	$6.91	$19K
holding	Class A common stock	--	--	--

Holdings After Transaction: Class A common stock — 575,251 shares (Direct); Class A common stock — 214,016 shares (Indirect, See Footnote)

Footnotes (2)

F1. 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.
F2. Shares are held by the Peacock 2021 Family Trust. The reporting person has investment control over, and pecuniary interest in, all shares held by the Peacock 2021 Family Trust

Key Figures

Director stock grant: 2,713 shares Grant price: $6.91 per share Direct holdings after grant: 575,251 shares +1 more

4 metrics

Director stock grant 2,713 shares Quarterly retainer paid in stock

Grant price $6.91 per share Value used for the 2,713-share award

Direct holdings after grant 575,251 shares Class A common stock held directly

Indirect trust holdings 214,016 shares Held by Peacock 2021 Family Trust

Key Terms

quarterly retainer, pecuniary interest, Family Trust, Grant, award, or other acquisition

4 terms

quarterly retainer financial

"election to receive the Reporting Person's quarterly retainer for director services in the form of vested shares"

pecuniary interest financial

"The reporting person has investment control over, and pecuniary interest in, all shares held"

Family Trust financial

"Shares are held by the Peacock 2021 Family Trust"

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Ranpak (PACK) director Salil Seshadri report?

Ranpak director Salil Seshadri received 2,713 shares of Class A common stock as a grant. The shares were issued in lieu of his quarterly cash retainer for director services, reflecting compensation rather than an open-market stock purchase or sale.

At what price were the new Ranpak (PACK) shares awarded to Salil Seshadri?

The 2,713 newly awarded Ranpak shares carried a value of $6.91 per share. This price is used in the Form 4 to describe the grant, which represents stock-based compensation for quarterly director services instead of a cash payment.

How many Ranpak (PACK) shares does Salil Seshadri hold directly after this Form 4 grant?

Following the grant, Salil Seshadri directly holds 575,251 shares of Ranpak Class A common stock. This total includes the 2,713 shares received as his elected stock compensation for the quarterly director retainer, as disclosed in the filing.

What is the Peacock 2021 Family Trust’s connection to Ranpak (PACK) shares?

The filing reports 214,016 Ranpak shares held by the Peacock 2021 Family Trust. Salil Seshadri has investment control and pecuniary interest over these trust-held shares, making them an indirect holding attributed to him in the Form 4 disclosure.

Was Salil Seshadri’s Ranpak (PACK) stock grant an open-market purchase?

No. The Form 4 explains the 2,713 Ranpak shares were issued as compensation for his quarterly director retainer. This is a grant or award transaction, not an open-market buy or sell, and reflects stock-based payment in lieu of cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 07:25 PM EDT

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^*

Seshadri Salil

(Last)

(First)

(Middle)

RANPAK HOLDINGS CORP.

7990 AUBURN ROAD

(Street)

CONCORD TOWNSHIP

OHIO

44077

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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

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

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	07/01/2026		A		2,713⁽¹⁾	A	$6.91	575,251	D
Class A common stock								214,016	I	See Footnote⁽²⁾

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. 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 by the Peacock 2021 Family Trust. The reporting person has investment control over, and pecuniary interest in, all shares held by the Peacock 2021 Family Trust

	/s/ Sara Horvath, attorney-in-fact	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR