Alicia M. Tranen has disclosed a sale of 5,903 shares of Class A common stock in Ranpak Holdings Corp. The transaction, reported on November 6, 2026, is significant as it highlights the ongoing changes in ownership dynamics within the company.

Ranpak Holdings Corp. operates in the converted paper and paperboard products industry, a sector that continues to adapt to evolving market demands. The company is headquartered in Concord Township, Ohio, and is known for its commitment to sustainable packaging solutions.

The filing details two transactions by Tranen. On November 4, 2026, she sold 4,303 shares at a price of $3.17 each, and an additional 1,600 shares at $3.16 each. Following these transactions, her total shares owned decreased to 74,021. The filing specifies that these shares were sold under the ownership nature of "By father," indicating a familial relationship affecting the ownership structure.

The impact of this transaction may extend to shareholders and investors who are monitoring ownership changes within Ranpak. The filing notes that Tranen's ownership includes shares held directly and through family trusts, which may influence perceptions of stability and governance within the company.

Details regarding future transactions or changes in ownership structure were not provided in the filing. The filing does not say what happens next.