Ranpak (NYSE: PACK) CFO awarded 4,602 performance-based common shares

Rhea-AI Filing Summary

Ranpak Holdings Corp.’s Chief Financial Officer and EVP, Drew William, reported an equity award on Class A common stock. On March 5, 2026, he acquired 4,602 shares at a reported price of $0.00 per share, reflecting stock granted rather than purchased in the market.

These shares represent Class A common stock underlying performance-based restricted stock units that were earned based on pre-established performance goals. The earned units are scheduled to vest in three equal installments on March 10, 2026, March 10, 2027, and March 10, 2028. After this award, his directly held Class A common stock totals 561,848 shares.

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

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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^*

Drew William

(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 Financial Officer & EVP

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026		A		4,602	A	$0(1)	561,848	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 Class A Common Stock underlying the performance-based restricted stock units ("Performance RSUs") earned on March 5, 2026 as determined by Ranpak based on pre-established performance goals. The earned Performance RSUs vest in three equal installments on each of March 10, 2026, March 10, 2027 and March 10, 2028.

	/s/ Sara Horvath, attorney-in-fact	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Ranpak (PACK) report for CFO Drew William?

Ranpak reported that CFO and EVP Drew William acquired 4,602 shares of Class A common stock through an equity award on March 5, 2026. The shares were granted at a price of $0.00 per share as part of a performance-based award.

How many Ranpak (PACK) shares does CFO Drew William hold after this Form 4?

Following this award, CFO Drew William directly holds 561,848 shares of Ranpak Class A common stock. This total includes the newly acquired 4,602 shares reported in the Form 4, reflecting his updated direct ownership position.

What type of equity award did Ranpak (PACK) grant to its CFO on March 5, 2026?

The award represents Class A common stock underlying earned performance-based restricted stock units. These units were earned on March 5, 2026 based on pre-established performance goals set by Ranpak, rather than being an open-market stock purchase.

What is the vesting schedule for Ranpak (PACK) CFO’s performance RSUs?

The earned performance-based restricted stock units vest in three equal installments. Vesting dates are March 10, 2026, March 10, 2027, and March 10, 2028, spreading the delivery of the related Class A common shares over three consecutive years.

Did Ranpak (PACK) CFO pay cash for the 4,602 shares reported in the Form 4?

No cash was paid for these shares, as the reported price per share is $0.00. The 4,602 shares of Class A common stock were acquired as a grant tied to earned performance-based restricted stock units, not as a market purchase.