Ranpak Holdings (PACK) director logs 8,287-share tax withholding move

Rhea-AI Filing Summary

Ranpak Holdings Corp. director reports routine equity transaction. A Ranpak director disclosed that on 01/02/2026, 8,287 shares of Class A common stock were disposed of in a transaction coded "F" at a price of $5.53 per share. The filing explains these shares were withheld to cover the director's tax liabilities arising from the vesting of previously granted restricted stock units. Following this tax-withholding event, the director beneficially owns 144,263 shares of Ranpak Class A common stock in direct ownership.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gliedman Michael S.

Role Director

Type	Security	Shares	Price	Value
Tax Withholding	Class A common stock	8,287	$5.53	$46K

Holdings After Transaction: Class A common stock — 144,263 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)
01/02/2026

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	01/02/2026		F		8,287(1)	D	$5.53	144,263	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 shares withheld to cover payment of the tax liabilities of the reporting person related to the vesting of a portion of the reporting person's previously-granted restricted stock units.

	/s/ Sara Horvath, attorney-in-fact	01/06/2026
	** 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 Corp. (PACK) report in this Form 4?

A Ranpak Holdings Corp. director reported a transaction on 01/02/2026 in which 8,287 shares of Class A common stock were disposed of at $5.53 per share in a transaction coded "F."

Why were 8,287 Ranpak (PACK) shares disposed of by the director?

The 8,287 shares represent stock withheld to cover the director's tax liabilities related to the vesting of previously granted restricted stock units.

How many Ranpak Holdings Corp. (PACK) shares does the director own after this transaction?

After the reported tax-withholding transaction, the director beneficially owns 144,263 shares of Ranpak Holdings Corp. Class A common stock, held directly.

What does transaction code "F" mean in this Ranpak (PACK) Form 4?

Transaction code "F" indicates a payment of tax liability by delivering or withholding securities, here reflecting shares withheld upon vesting of restricted stock units.

Is this Ranpak (PACK) Form 4 filing an individual or joint filing?

The Form 4 is filed by one reporting person, as indicated by the box checked for "Form filed by One Reporting Person."

What is the role of the reporting person at Ranpak Holdings Corp. (PACK)?

The reporting person is identified as a director of Ranpak Holdings Corp.