STOCK TITAN

Ranpak (NYSE: PACK) director receives 16,181-share equity award in Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Tranen Alicia M. reported acquisition or exercise transactions in this Form 4 filing.

Ranpak Holdings Corp. director Alicia M. Tranen reported an equity award and updated indirect holdings of Class A common stock. She received a grant of 16,181 restricted stock units at $0.00 per share, increasing her directly held shares to 319,422. These units will vest on the earlier of the first anniversary of the grant date or the next annual shareholder meeting that occurs after the grant date.

The filing also lists indirect holdings, including shares held by her spouse, three children, father, and the Blue Parrot Trust. The trust is jointly controlled by Tranen and her spouse, and she disclaims beneficial ownership of certain reported shares, consistent with Section 16 reporting conventions.

Positive

  • None.

Negative

  • None.
Insider Tranen Alicia M.
Role null
Type Security Shares Price Value
Grant/Award Class A common stock 16,181 $0.00 --
holding Class A common stock -- -- --
holding Class A common stock -- -- --
holding Class A common stock -- -- --
holding Class A common stock -- -- --
holding Class A common stock -- -- --
holding Class A common stock -- -- --
Holdings After Transaction: Class A common stock — 319,422 shares (Direct, null); Class A common stock — 71,660 shares (Indirect, By Blue Parrot Trust)
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 directly by Blue Parrot Trust ("BPT"). BPT is jointly controlled by reporting person and her spouse. The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Equity award size 16,181 shares Restricted stock unit grant to director Alicia M. Tranen
Award price $0.00 per share Stated price for restricted stock unit grant
Direct holdings after award 319,422 shares Class A common stock held directly after grant
Spouse indirect holdings 30,000 shares Class A common stock held by spouse
Child 1 indirect holdings 125,000 shares Class A common stock held by child 1
Child 2 indirect holdings 115,000 shares Class A common stock held by child 2
Father indirect holdings 79,924 shares Class A common stock held by father
Blue Parrot Trust holdings 71,660 shares Class A common stock held by Blue Parrot Trust
restricted stock units financial
"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..."
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.
Blue Parrot Trust financial
"Shares are held directly by Blue Parrot Trust ("BPT"). BPT is jointly controlled by reporting person and her spouse."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"The reporting person disclaims beneficial ownership of these shares ... for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
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SEC Form 4
FORM 4UNITED 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*
Tranen Alicia M.

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Class A common stock05/21/2026A16,181(1)A$0.00319,422D
Class A common stock71,660IBy Blue Parrot Trust(2)
Class A common stock79,924IBy father(3)
Class A common stock125,000IBy child 1
Class A common stock115,000IBy child 2
Class A common stock30,000IBy child 3
Class A common stock30,000IBy spouse(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 directly by Blue Parrot Trust ("BPT"). BPT is jointly controlled by reporting person and her spouse.
3. The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
/s/ Sara Horvath, attorney-in-fact05/26/2026
** Signature of Reporting PersonDate
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 Alicia M. Tranen report in this Form 4?

Alicia M. Tranen reported receiving 16,181 restricted stock units of Ranpak Class A common stock. The filing also updates her direct holdings to 319,422 shares and lists several indirect positions held by family members and a trust.

How many Ranpak shares did Alicia M. Tranen receive in the latest equity award?

She received an award of 16,181 restricted stock units of Ranpak Class A common stock at a stated price of $0.00 per share. This award represents a compensation-related grant rather than an open-market purchase.

When do Alicia M. Tranen’s new Ranpak restricted stock units vest?

The 16,181 restricted stock units 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 is a typical vesting structure for director equity compensation.

What are Alicia M. Tranen’s direct Ranpak share holdings after this Form 4?

Following the grant, Tranen directly holds 319,422 shares of Ranpak Class A common stock. This figure reflects her position after the reported equity award and is separate from additional indirect holdings reported through related parties.

What indirect Ranpak holdings are associated with Alicia M. Tranen?

Indirect holdings include shares reported as held by her spouse, three children, father, and the Blue Parrot Trust. The trust is jointly controlled by Tranen and her spouse, and the filing states she disclaims beneficial ownership of certain reported shares.

Does Alicia M. Tranen’s Form 4 show open-market buying or selling of Ranpak stock?

No open-market purchases or sales are reported. The Form 4 shows a grant of restricted stock units and multiple holding entries, which are administrative updates of direct and indirect ownership rather than market transactions.