Ranpak (PACK) director Salil Seshadri awarded 16,181 restricted stock units

Rhea-AI Filing Summary

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

Ranpak Holdings Corp. director Salil Seshadri received an equity grant of 16,181 shares of Class A common stock. The shares were awarded at a price of $0.00 per share as a grant or award transaction.

These are structured as restricted stock units that will vest on the earlier of the first anniversary of the grant date or the next annual shareholder meeting after the grant date. Following this award, Seshadri directly holds 572,538 Class A shares and also has investment control over 214,016 shares held indirectly through the Peacock 2021 Family Trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Seshadri Salil

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	16,181	$0.00	--
holding	Class A common stock	--	--	--

Holdings After Transaction: Class A common stock — 572,538 shares (Direct, null); Class A common stock — 214,016 shares (Indirect, See Footnote)

Footnotes (1)

1. These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant. 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

Equity grant size: 16,181 shares Direct holdings after grant: 572,538 shares Indirect trust holdings: 214,016 shares +1 more

4 metrics

Equity grant size 16,181 shares Class A common stock grant at $0.00 per share

Direct holdings after grant 572,538 shares Class A common stock held directly after transaction

Indirect trust holdings 214,016 shares Shares held by Peacock 2021 Family Trust with Seshadri investment control

Grant price $0.00 per share Grant, award, or other acquisition of Class A common stock

Key Terms

restricted stock units, grant, award, or other acquisition, Peacock 2021 Family Trust, pecuniary interest

4 terms

restricted stock units financial

"These restricted stock units will vest on the earlier of (i) the first anniversary..."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Peacock 2021 Family Trust financial

"Shares are held by the Peacock 2021 Family Trust."

pecuniary interest financial

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

Form 4 Insider Transactions: What Each Field Means →

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)
05/21/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	05/21/2026		A		16,181(1)	A	$0.00	572,538	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.

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	05/26/2026
	** 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)

FAQ

What did Ranpak Holdings (PACK) insider Salil Seshadri report in this Form 4?

Salil Seshadri reported receiving a grant of 16,181 shares of Ranpak Class A common stock at $0.00 per share. The transaction is classified as a grant or award acquisition rather than an open-market purchase or sale.

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

After the grant, Salil Seshadri directly holds 572,538 shares of Ranpak Class A common stock. In addition, 214,016 shares are held indirectly through the Peacock 2021 Family Trust, over which he has investment control and pecuniary interest.

What are the vesting terms of the restricted stock units granted to Salil Seshadri at Ranpak (PACK)?

The restricted stock units will vest on the earlier of the first anniversary of the grant date or the date of the next annual shareholder meeting after the grant date. This structure links vesting to either time served or the next shareholder meeting.

Is the Form 4 transaction for Ranpak (PACK) an open-market buy or sell by Salil Seshadri?

No, the Form 4 shows a grant or award acquisition of 16,181 shares at $0.00 per share. It is compensation-related, not an open-market purchase or sale, and therefore does not reflect a discretionary trading decision in the market.

How are the indirect Ranpak (PACK) shares held for Salil Seshadri structured?

Indirect holdings of 214,016 shares are held by the Peacock 2021 Family Trust. According to the disclosure, Seshadri has investment control over, and a pecuniary interest in, all shares held by this trust, so they are included in his reported beneficial ownership.