Form 4: Ranpak Director Sells Shares for Tax Obligations

Ranpak Holdings Corp. Director Michael S. Gliedman disposed of 8,287 shares of Class A common stock to cover tax liabilities related to restricted stock unit vesting.

Summary

• Michael S. Gliedman, a Director at Ranpak Holdings Corp., reported a transaction involving the company's Class A common stock.
• On January 2, 2026, Gliedman disposed of 8,287 shares.
• These shares were withheld by the company to cover tax liabilities associated with the vesting of his previously granted restricted stock units.
• The transaction occurred at a price of $5.53 per share.
• Following this transaction, Gliedman directly beneficially owns 144,263 shares of Class A common stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to RSU vesting, which is a common occurrence for corporate insiders. It does not reflect a positive or negative sentiment towards the company's future prospects.

Future Outlook

NA

Industry Context

NA

Key Dates

Recommendation

The reported transaction is a non-discretionary sale of shares by a director to cover tax liabilities associated with the vesting of restricted stock units. This is a common and expected event for insiders and does not reflect a change in the director's confidence in the company or its future prospects. Therefore, it does not provide a basis for altering an existing investment recommendation.

Keywords

Ranpak Holdings Corp., PACK, Michael S. Gliedman, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Withholding, Director