Gliedman Michael S. 4

What Happened Michael S. Gliedman, a director of Ranpak Holdings Corp. (PACK), had 12,686 shares withheld on March 10, 2026 to satisfy tax liabilities tied to the vesting of previously granted performance-based restricted stock units and restricted stock units. The withheld shares were valued at $3.83 each, for a total of $48,587. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-03-10
• Transaction type/code: Payment of tax liability via share withholding (Code F)
• Shares withheld/disposed: 12,686 at $3.83 per share; total value $48,587
• Footnote: F1 — withholding to cover tax liabilities related to vesting of performance-based RSUs and RSUs
• Shares owned after transaction: Not disclosed in this filing
• Filing timeliness: Report filed 2026-03-12 (appears timely under standard Form 4 rules)

Context This was a routine tax-withholding event on vested equity (a cashless-like retention of shares to cover taxes), not an open-market sale or a fresh purchase. Such withholdings are common when RSUs vest and generally do not signal a change in the insider’s view of the company.