Ranpak (PACK) director takes quarterly retainer in 5,179 vested shares

Rhea-AI Filing Summary

Ranpak Holdings Corp. director Michael Anthony Jones received a grant of 5,179 shares of Class A common stock on April 1, 2026. The shares were issued as his quarterly retainer for director services, which he elected to take in vested stock instead of cash. Following this compensation-related acquisition, he directly holds 273,733 shares of Ranpak Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jones Michael Anthony

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	5,179	$3.62	$19K

Holdings After Transaction: Class A common stock — 273,733 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 5,179 shares Grant price: $3.62 per share Post-transaction holdings: 273,733 shares +1 more

4 metrics

Shares granted 5,179 shares Quarterly director retainer taken in vested stock

Grant price $3.62 per share Value used for the 5,179-share grant

Post-transaction holdings 273,733 shares Class A common stock directly owned after grant

Transaction code A (grant or award acquisition) Indicates compensation-related share award

Key Terms

Class A common stock, quarterly retainer, vested shares, grant, award, or other acquisition

4 terms

Class A common stock financial

"security_title: "Class A common stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

quarterly retainer financial

"election to receive the Reporting Person's quarterly retainer for director services"

vested shares financial

"in the form of vested shares rather than cash"

grant, award, or other acquisition financial

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

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^*

Jones Michael Anthony

(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)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	04/01/2026		A		5,179(1)	A	$3.62	273,733	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)
				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.

	/s/ Sara Horvath, attorney-in-fact	04/07/2026
	** 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 (PACK) director Michael Anthony Jones report in this Form 4?

Michael Anthony Jones reported receiving 5,179 shares of Ranpak Class A common stock. These shares were issued as his quarterly retainer for director services, which he chose to receive in vested stock rather than cash compensation.

Was the Ranpak (PACK) Form 4 transaction an open-market purchase or a grant?

The transaction was a grant or award, not an open-market purchase. The Form 4 labels it as a grant or other acquisition, issued as Jones’s quarterly retainer for director services instead of a cash payment.

How many Ranpak (PACK) shares did Michael Anthony Jones receive and at what price?

He received 5,179 shares of Ranpak Class A common stock at an indicated price of $3.62 per share. This reflects the valuation used for his quarterly director retainer that he elected to receive in vested stock.

How many Ranpak (PACK) shares does Michael Anthony Jones own after this Form 4 transaction?

After the reported grant, Michael Anthony Jones directly owns 273,733 shares of Ranpak Class A common stock. This total includes the 5,179 vested shares issued as his quarterly director retainer instead of cash.

Why were Ranpak (PACK) shares issued to Michael Anthony Jones instead of cash?

The footnote explains that Jones elected to receive his quarterly retainer for director services in vested shares rather than cash. As a result, 5,179 Class A common shares were issued to him as compensation.