Ranpak (NYSE: PACK) CEO Omar Asali reports RSU tax-share withholding

Rhea-AI Filing Summary

Ranpak Holdings Corp. director and CEO & Executive Chairman Omar M. Asali reported an insider transaction dated 01/02/2026. The filing shows that 46,552 shares of Class A common stock were withheld at a price of $5.53 per share to cover tax liabilities related to the vesting of previously granted restricted stock units.

After this transaction, he beneficially owns 2,683,641 Class A shares directly. He also has indirect ownership of 1,333,679 shares through Vivoli Holdings, which he controls, and 343,220 shares in each of two irrevocable trusts for the benefit of his children, where he may be deemed to have beneficial ownership.

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)
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)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	01/02/2026		F		46,552(1)	D	$5.53	2,683,641	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 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	01/06/2026
	** 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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FAQ

What insider transaction did Ranpak Holdings Corp. (PACK) report on 01/02/2026?

The report shows that 46,552 shares of Ranpak Class A common stock were withheld on 01/02/2026 to cover tax liabilities arising from the vesting of previously granted restricted stock units.

Who is the reporting person in this Ranpak (PACK) Form 4 filing and what is their role?

The reporting person is Omar M. Asali, who serves as a Director and as CEO & Executive Chairman of Ranpak Holdings Corp.

How many Ranpak (PACK) shares does Omar M. Asali own directly after the reported transaction?

Following the reported transaction, Omar M. Asali beneficially owns 2,683,641 shares of Ranpak Class A common stock directly.

What indirect Ranpak (PACK) holdings are reported for Omar M. Asali?

The filing states that 1,333,679 Class A shares are held by Vivoli Holdings, which Mr. Asali controls, and that 343,220 shares are held in each of two irrevocable trusts for his children.

Why were 46,552 Ranpak (PACK) shares withheld in this Form 4?

The 46,552 shares were withheld to cover payment of Mr. Asali’s tax liabilities related to the vesting of a portion of his previously granted restricted stock units.

Does Omar M. Asali disclaim any beneficial ownership of certain Ranpak (PACK) shares?

Yes. For the 1,333,679 shares held by Vivoli Holdings, the filing notes that he disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.