Ranpak Holdings (NYSE: PACK) COO receives 25,000 RSUs award

Rhea-AI Filing Summary

Ranpak Holdings Corp. Chief Operating Officer Aram Paul reported an equity award of 25,000 shares of Class A common stock in the form of restricted stock units. Following this grant, he reported beneficial ownership of 30,000 shares. The RSUs were granted at no cash price.

The award vests in three equal installments on March 10, 2027, March 10, 2028, and March 10, 2029, with each vested RSU converting into one share of Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Aram Paul

Role Chief Operating Officer (COO)

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	25,000	$0.00	--

Holdings After Transaction: Class A common stock — 30,000 shares (Direct)

Footnotes (1)

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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^*

Aram Paul

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer (COO)

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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	03/03/2026		A		25,000	A	$0(1)	30,000	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. Represents a grant of restricted stock units ("RSUs") pursuant to the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan. Each RSU represents a right to receive one share of the issuer's Class A common stock. The RSUs will vest in three equal installments on each of March 10, 2027, March 10, 2028 and March 10, 2029.

	/s/ Sara Horvath, attorney-in-fact	03/05/2026
	** 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.

FAQ

What insider transaction did Ranpak Holdings (PACK) COO Aram Paul report?

Ranpak Holdings COO Aram Paul reported an equity award of 25,000 restricted stock units, each representing one share of Class A common stock. This non-cash grant was recorded on the Form 4 as a grant, increasing his reported holdings to 30,000 shares.

How many Ranpak Holdings (PACK) shares does the COO report owning after the grant?

After the reported grant, COO Aram Paul reports beneficial ownership of 30,000 shares of Ranpak Holdings Class A common stock. This total includes the 25,000-share restricted stock unit award disclosed in the Form 4 as a grant under the company’s 2019 Omnibus Incentive Plan.

What type of equity award did Ranpak Holdings (PACK) grant to its COO?

The COO received a grant of 25,000 restricted stock units under the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan. Each RSU represents a right to receive one share of Class A common stock, subject to future vesting conditions over several specified vesting dates.

When will the Ranpak Holdings (PACK) COO’s 25,000 RSUs vest?

The 25,000 restricted stock units granted to the Ranpak Holdings COO vest in three equal installments. The vesting dates are March 10, 2027, March 10, 2028, and March 10, 2029, with one-third of the award becoming vested and deliverable at each of those dates.

Did the Ranpak Holdings (PACK) COO pay a purchase price for the awarded RSUs?

The Form 4 shows the 25,000-share restricted stock unit award with a transaction price per share of 0.0000. This indicates the grant was a compensation award under the company’s incentive plan rather than an open-market purchase involving cash consideration by the reporting officer.

What does each Ranpak Holdings (PACK) RSU granted to the COO represent?

Each restricted stock unit granted to the COO represents the right to receive one share of Ranpak Holdings Class A common stock. Delivery of the underlying shares occurs upon vesting, in three equal installments across the scheduled vesting dates in 2027, 2028, and 2029.