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Ranpak Holdings (NYSE: PACK) director receives 2,713-share equity retainer

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 received an equity retainer in the form of 2,713 shares of Class A common stock at $6.91 per share, electing stock instead of cash for her quarterly director fee. Following this grant, she directly holds 322,135 shares of Class A common stock as of July 1, 2026. The filing also lists additional indirect holdings in shares held by her spouse, three children, her father, and the Blue Parrot Trust, and notes that she disclaims beneficial ownership of these indirectly held shares.

Positive

  • None.

Negative

  • None.
Insider Tranen Alicia M.
Role null
Type Security Shares Price Value
Grant/Award Class A common stock 2,713 $6.91 $19K
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 — 322,135 shares (Direct, null); Class A common stock — 71,660 shares (Indirect, By Blue Parrot Trust)
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 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.
Shares granted 2,713 shares Quarterly director retainer paid in stock
Grant price $6.91 per share Value of vested Class A shares granted
Direct holdings after grant 322,135 shares Class A common stock as of July 1, 2026
Blue Parrot Trust holdings 71,660 shares Indirect Ranpak Class A shares held by Blue Parrot Trust
Father’s indirect holdings 79,924 shares Indirect Ranpak Class A shares held by father
Child 1 indirect holdings 125,000 shares Indirect Ranpak Class A shares held by child 1
Child 2 indirect holdings 115,000 shares Indirect Ranpak Class A shares held by child 2
Spouse indirect holdings 30,000 shares Indirect Ranpak Class A shares held by spouse
quarterly retainer financial
"election to receive the Reporting Person's quarterly retainer for director services"
vested shares financial
"in the form of vested shares rather than cash"
Blue Parrot Trust financial
"Shares are held directly by Blue Parrot Trust ("BPT")."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares"
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
"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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FAQ

What did Ranpak Holdings (PACK) director Alicia M. Tranen report in this Form 4?

Alicia M. Tranen reported receiving 2,713 Ranpak Class A shares as a quarterly director retainer. She chose stock instead of cash, adding to her direct holdings and reflecting routine, compensation-related equity rather than an open-market trade.

How many Ranpak (PACK) shares does Alicia M. Tranen hold directly after this filing?

After this grant, Alicia M. Tranen directly holds 322,135 Ranpak Class A common shares. This figure reflects her position as of July 1, 2026, following receipt of vested shares in lieu of a cash director retainer.

What was the implied price for the Ranpak (PACK) shares granted to Alicia M. Tranen?

The 2,713 Ranpak Class A shares were valued at $6.91 per share. This price is used in the Form 4 to describe the equity retainer for director services received instead of a cash payment for the quarterly fee.

Is Alicia M. Tranen’s Ranpak (PACK) Form 4 a buy or a sell transaction?

The Form 4 shows an acquisition via grant, not a market buy or sell. She received 2,713 vested shares as compensation for director services, rather than purchasing them or selling existing holdings in the open market.

What is Blue Parrot Trust’s role in Alicia M. Tranen’s Ranpak (PACK) holdings?

Blue Parrot Trust holds 71,660 Ranpak shares and is jointly controlled by Alicia M. Tranen and her spouse. Although reported, she disclaims beneficial ownership, so these trust shares are not treated as her personal economic position in the filing.
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)
07/01/2026
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 stock07/01/2026A2,713(1)A$6.91322,135D
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 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 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-fact07/06/2026
** 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)