Ranpak (NYSE: PACK) director receives 25,000 RSUs vesting 2027–2029

Rhea-AI Filing Summary

Gliedman Michael S. reported acquisition or exercise transactions in this Form 4 filing.

Ranpak Holdings Corp. director Michael S. Gliedman reported an equity award of 25,000 shares of Class A common stock on March 3, 2026. The award is in the form of restricted stock units under the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan, with each RSU representing one share. These RSUs vest in three equal installments on March 10, 2027, March 10, 2028, and March 10, 2029. Following this grant, Gliedman directly holds 169,263 shares of Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gliedman Michael S.

Role Director

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

Holdings After Transaction: Class A common stock — 169,263 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^*

Gliedman Michael S.

(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
	Officer (give title below)		Other (specify below)

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)	169,263	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) report for Michael S. Gliedman?

Ranpak Holdings Corp. reported that director Michael S. Gliedman received an award of 25,000 restricted stock units of Class A common stock. The grant was made under the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan and is structured to vest over multiple future dates.

How many shares were involved in the latest PACK Form 4 filing?

The Form 4 filing for Ranpak Holdings Corp. shows an acquisition of 25,000 restricted stock units of Class A common stock. Each RSU represents the right to receive one share, bringing Michael S. Gliedman’s direct holdings to 169,263 shares after the reported grant.

What are the vesting dates for the 25,000 RSUs reported by Ranpak (PACK)?

The 25,000 restricted stock units granted to Michael S. Gliedman vest in three equal installments. The vesting dates are March 10, 2027, March 10, 2028, and March 10, 2029, as disclosed in the award’s footnote description.

At what price were the Ranpak (PACK) RSUs granted to Michael S. Gliedman?

The restricted stock units were reported with a transaction price per share of 0.0000. This reflects that the RSUs are an equity award rather than an open-market purchase, consistent with a grant made under the company’s 2019 Omnibus Incentive Plan.

What is Michael S. Gliedman’s share ownership after this Ranpak (PACK) award?

After the reported grant of 25,000 restricted stock units, Michael S. Gliedman is shown as directly holding 169,263 shares of Ranpak Holdings Corp. Class A common stock. This total includes the effect of the newly awarded RSUs as disclosed in the Form 4.

What plan governs the RSU grant reported in Ranpak’s (PACK) Form 4?

The RSU grant to Michael S. Gliedman was made pursuant to the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan. Under this plan, each restricted stock unit represents a right to receive one share of the company’s Class A common stock, subject to vesting.