Ranpak (PACK) director receives 5,179-share equity retainer, holds over 770k shares

Rhea-AI Filing Summary

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

Ranpak Holdings Corp. director Seshadri Salil received 5,179 shares of Class A common stock on April 1, 2026 as an equity retainer. The shares, valued at $3.62 per share, were issued as the quarterly director fee paid in vested stock instead of cash. Following this grant, Salil directly holds 556,357 shares. He also has investment control over 214,016 additional shares held indirectly through the Peacock 2021 Family Trust, giving him both voting authority and economic interest in those trust-held shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Seshadri Salil

Role Director

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

Holdings After Transaction: Class A common stock — 556,357 shares (Direct); Class A common stock — 214,016 shares (Indirect, See Footnote)

Footnotes (1)

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. 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

Stock grant: 5,179 shares Grant price: $3.62 per share Direct holdings after grant: 556,357 shares +1 more

4 metrics

Stock grant 5,179 shares Vested Class A common stock director retainer on April 1, 2026

Grant price $3.62 per share Value used for the April 1, 2026 stock retainer

Direct holdings after grant 556,357 shares Class A common stock directly held by Seshadri Salil

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

Key Terms

quarterly retainer, vested shares, pecuniary interest, Family Trust

4 terms

quarterly retainer financial

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

vested shares financial

"to receive the Reporting Person's quarterly retainer ... in the form of vested shares rather than cash"

pecuniary interest financial

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

Family Trust financial

"Shares are held by the Peacock 2021 Family Trust"

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)
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	556,357	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 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.

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	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 insider transaction did Ranpak Holdings Corp. (PACK) report for Seshadri Salil?

Ranpak reported director Seshadri Salil receiving 5,179 Class A common shares as compensation. The shares were granted as a quarterly retainer, paid in vested stock instead of cash, reflecting routine director equity compensation.

What was the price and value of the Ranpak (PACK) shares granted to director Seshadri Salil?

The 5,179 Class A common shares granted to Seshadri Salil were valued at $3.62 per share. This implies compensation of roughly $18,750 for the quarter, delivered in stock rather than in a cash director fee.

How many Ranpak (PACK) shares does Seshadri Salil hold after this Form 4 transaction?

After the April 1, 2026 grant, Seshadri Salil directly holds 556,357 Ranpak Class A shares. He also has investment control and pecuniary interest over 214,016 additional shares held indirectly through the Peacock 2021 Family Trust.

Is the Ranpak (PACK) Form 4 for Seshadri Salil a market purchase or a grant?

The Form 4 shows a grant, not an open-market purchase. Salil received 5,179 vested Class A shares as his quarterly director retainer, representing equity compensation for board services rather than a discretionary stock buy.

How are Salil’s indirect Ranpak (PACK) holdings structured according to the Form 4 footnotes?

The filing states 214,016 Ranpak shares are held by the Peacock 2021 Family Trust. Salil has investment control and pecuniary interest in all shares held by this trust, meaning he benefits economically and directs investment decisions.