Form 4: Ranpak Holdings Corp. Executive Siebert Settles Tax Obligations with Stock Sale
SEC Form 4 Filing
Mark A. Siebert, MD of North America at Ranpak Holdings Corp., sold shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 10, 2025, Mark A. Siebert, MD of North America at Ranpak Holdings Corp., disposed of 6,969 shares of Class A common stock to cover tax liabilities.
- The shares were sold at a price of $5.72 per share.
- Following the transaction, Siebert directly owns 91,404 shares of Class A common stock and indirectly owns 272 shares through a child.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that an executive is managing their tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Sale of Class A common stock. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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