ASALI OMAR 4

What Happened

• Omar Asali, CEO & Executive Chairman (also a director), was granted 13,803 performance-based restricted stock units (Performance RSUs) on March 5, 2026. The grant price was $0.00 (no cash paid); the RSUs were deemed earned by Ranpak based on pre-established performance goals.
• These Performance RSUs will convert to Class A common stock when they vest. The earned RSUs vest in three equal installments on March 10, 2026, March 10, 2027, and March 10, 2028.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within the standard two-business-day window).
• Transaction type/code: A — Award/Grant of Performance RSUs; grant price reported $0.00; total shares granted: 13,803.
• Shares owned / related holdings after transaction: Vivoli Holdings (controlled by Mr. Asali) holds 1,333,679 Class A shares per the footnote. The 13,803 RSUs will become additional shares as they vest. Mr. Asali disclaims beneficial ownership of certain reported securities except to the extent of his pecuniary interest.
• Additional note: Some shares are held in trusts for Mr. Asali’s children, for which he may be deemed to have beneficial ownership.

Context

• Performance RSUs are compensation awards tied to company performance goals; they do not require cash outlay by the insider and only convert to actual shares upon vesting. Such grants are routine executive compensation and are not the same signal as a direct purchase or sale of stock.
• This filing appears timely; no sale or exercise occurred — it’s an earned award being recorded.