Ranpak (NYSE: PACK) CEO uses 60,937 shares to cover tax liabilities

Rhea-AI Filing Summary

Ranpak Holdings Corp. CEO & Executive Chairman Omar Asali reported a tax-withholding disposition of 60,937 shares of Class A common stock at $3.83 per share. The shares were withheld to cover his tax liabilities from vesting of previously granted performance-based restricted stock units and restricted stock units.

After this transaction, Asali directly holds 2,728,533 shares of Ranpak Class A common stock. He also has indirect interests in 1,333,679 shares held by Vivoli Holdings, which he controls, and in 343,220 shares held in each of two irrevocable trusts for his children, where he may be deemed a beneficial owner.

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

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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^*

ASALI OMAR

(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
X	Officer (give title below)		Other (specify below)
	CEO & Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		F		60,937(1)	D	$3.83	2,728,533	D
Class A common stock								1,333,679	I	By Vivoli Holdings(2)
Class A common stock								343,220	I	By Omar M. Asali Irrevocable Trust F/B/O Michael Asali(3)
Class A common stock								343,220	I	By Omar M. Asali Irrevocable Trust F/B/O Yasmeen Asali(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. 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 and restricted stock units.

2. 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.

3. 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.

	/s/ Sara Horvath, attorney-in-fact	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Ranpak (PACK) CEO Omar Asali report in this Form 4?

Omar Asali reported a tax-withholding disposition of 60,937 Ranpak shares at $3.83 per share. The company withheld these shares to pay his tax liabilities from vesting of performance-based restricted stock units and restricted stock units, not as an open-market sale.

Was the 60,937-share Ranpak (PACK) transaction an open-market sale?

No, the 60,937-share transaction was a tax-withholding event, not an open-market sale. The shares were withheld by the company to satisfy Omar Asali’s tax obligations arising from the vesting of previously granted performance-based restricted stock units and restricted stock units.

How many Ranpak (PACK) shares does Omar Asali hold after this filing?

After the tax withholding, Omar Asali directly holds 2,728,533 Ranpak shares. In addition, he has indirect interests in 1,333,679 shares through Vivoli Holdings and 343,220 shares in each of two irrevocable trusts established for his children.

What is Vivoli Holdings’ Ranpak (PACK) stake related to Omar Asali?

Vivoli Holdings holds 1,333,679 Ranpak Class A shares. Omar Asali controls Vivoli Holdings and may share in its economic interest, though he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in Vivoli Holdings.

What Ranpak (PACK) shares are held in trusts related to Omar Asali?

Two irrevocable trusts for Omar Asali’s children each hold 343,220 Ranpak shares. Asali may be deemed to have beneficial ownership of these trust-held shares, which are reported as indirect holdings associated with him in the Form 4 filing.

Why were Omar Asali’s Ranpak (PACK) shares withheld for taxes?

The shares were withheld to cover tax liabilities from vesting of Asali’s previously granted performance-based restricted stock units and restricted stock units. Instead of paying cash, a portion of the vested shares was retained to satisfy the related tax obligations.