PACK

SEC source: 0000950103-20-017512 · dp136129_4-seshadri.xml · derivative · entry 2

Seshadri Salil · CIK 0001775489 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 66,667 shares

Expires 2024-06-03

F2 · shares: Mr. Seshadri disposed of 66,667 warrants to acquire shares of Class A common stock in exchange for 14,666 shares of Class A common stock in an issuer exchange offer.

F2 · price: Mr. Seshadri disposed of 66,667 warrants to acquire shares of Class A common stock in exchange for 14,666 shares of Class A common stock in an issuer exchange offer.

SEC source: 0000950103-20-017512 · dp136129_4-seshadri.xml · nonDerivative · entry 1

Seshadri Salil · CIK 0001775489 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 516,974

F1 · price: Mr. Seshadri acquired 14,666 shares of Class A common stock in exchange for 66,667 warrants to acquire shares of Class A common stock in an issuer exchange offer.

SEC source: 0000950103-20-017510 · dp136127_4-drew.xml · derivative · entry 2

Drew William · CIK 0001728281 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 7,092 shares

Expires 2024-06-03

F2 · shares: Mr. Drew disposed of 7,092 warrants to acquire shares of Class A common stock in exchange for 1,560 shares of Class A common stock in an issuer exchange offer.

F2 · price: Mr. Drew disposed of 7,092 warrants to acquire shares of Class A common stock in exchange for 1,560 shares of Class A common stock in an issuer exchange offer.

SEC source: 0000950103-20-017510 · dp136127_4-drew.xml · nonDerivative · entry 1

Drew William · CIK 0001728281 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 152,127

F1 · price: Mr. Drew acquired 1,560 shares of Class A common stock in exchange for 7,092 warrants to acquire shares of Class A common stock in an issuer exchange offer.

SEC source: 0000950103-20-017511 · dp136128_4-asali.xml · derivative · entry 5

ASALI OMAR · CIK 0001339372 · Director · CEO and Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Indirect · By Vivoli Holdings

Disclosed balance after: 0

Underlying: Class A Common Stock · 201,243 shares

Expires 2024-06-03

F6 · shares: Vivoli Holdings disposed of 201,243 warrants to acquire shares of Class A common stock in exchange for 44,273 shares of Class A common stock in an issuer exchange offer.

F6 · price: Vivoli Holdings disposed of 201,243 warrants to acquire shares of Class A common stock in exchange for 44,273 shares of Class A common stock in an issuer exchange offer.

F3 · ownership.nature: Vivoli Holdings holds 1,433,679 shares of Class A common stock. Mr. Asali controls Vivoli Holdings. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

SEC source: 0000950103-20-017511 · dp136128_4-asali.xml · derivative · entry 4

ASALI OMAR · CIK 0001339372 · Director · CEO and Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 150,441 shares

Expires 2024-06-03

F5 · shares: Mr. Asali disposed of 150,441 warrants to acquire shares of Class A common stock in exchange for 33,096 shares of Class A common stock in an issuer exchange offer.

F5 · price: Mr. Asali disposed of 150,441 warrants to acquire shares of Class A common stock in exchange for 33,096 shares of Class A common stock in an issuer exchange offer.

SEC source: 0000950103-20-017511 · dp136128_4-asali.xml · nonDerivative · entry 2

ASALI OMAR · CIK 0001339372 · Director · CEO and Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Indirect · By Vivoli Holdings

Disclosed balance after: 1,433,679

F2 · price: Vivoli Holdings acquired 44,273 shares of Class A common stock in exchange for 201,243 warrants to acquire shares of Class A common stock in an issuer exchange offer.

F3 · ownership.nature: Vivoli Holdings holds 1,433,679 shares of Class A common stock. Mr. Asali controls Vivoli Holdings. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

SEC source: 0000950103-20-017511 · dp136128_4-asali.xml · nonDerivative · entry 1

ASALI OMAR · CIK 0001339372 · Director · CEO and Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,309,923

F1 · price: Mr. Asali acquired 33,096 shares of Class A common stock in exchange for 150,441 warrants to acquire shares of Class A common stock in an issuer exchange offer.

SEC source: 0000950103-20-013307 · dp131934_4-seshadri.xml · nonDerivative · entry 2

Seshadri Salil · CIK 0001775489 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 502,308

F2 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-013309 · dp131933_4-tranen.xml · nonDerivative · entry 2

Tranen Alicia M. · CIK 0001775482 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,766

F2 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-013305 · dp131932_4-kovach.xml · nonDerivative · entry 2

Kovach Steve A. · CIK 0001775555 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,766

F2 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-013304 · dp131935_4-zumwalt.xml · nonDerivative · entry 2

Zumwalt Kurt · CIK 0001803266 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,888

F2 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-011377 · dp129974_4-drew.xml · nonDerivative · entry 2

Drew William · CIK 0001728281 · Interim CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,567

SEC source: 0000950103-20-011376 · dp129980_4-asali.xml · nonDerivative · entry 2

ASALI OMAR · CIK 0001339372 · Director · CEO and Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,276,827

F1 · kind: All shares were purchased in accordance with the daily volume and other limitations and requirements of Rule 10b-18.

F2 · shares: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.52 to $7.725, inclusive. The reporting person undertakes to provide to Ranpak Holdings Corp., any security holder of Ranpak Holdings Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (2) to this Form 4.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.52 to $7.725, inclusive. The reporting person undertakes to provide to Ranpak Holdings Corp., any security holder of Ranpak Holdings Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0000950103-20-011377 · dp129974_4-drew.xml · nonDerivative · entry 1

Drew William · CIK 0001728281 · Interim CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 148,817

SEC source: 0000950103-20-011376 · dp129980_4-asali.xml · nonDerivative · entry 1

ASALI OMAR · CIK 0001339372 · Director · CEO and Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,258,977

F1 · kind: All shares were purchased in accordance with the daily volume and other limitations and requirements of Rule 10b-18.

SEC source: 0000899243-21-014782 · doc4.xml · derivative · entry 8

Blackstone Holdings I L.P. · CIK 0001464694 · 10% owner

BSOF Master Fund L.P. · CIK 0001539563 · 10% owner

BSOF Master Fund II L.P. · CIK 0001728530 · 10% owner

Blackstone Strategic Opportunity Associates L.L.C. · CIK 0001728529 · 10% owner

Blackstone Alternative Solutions L.L.C. · CIK 0001728531 · 10% owner

Blackstone Holdings II L.P. · CIK 0001484870 · 10% owner

Blackstone Holdings I/II GP L.L.C. · CIK 0001464695 · 10% owner

Blackstone Group Inc · CIK 0001393818 · 10% owner

Blackstone Group Management L.L.C. · CIK 0001404071 · 10% owner

SCHWARZMAN STEPHEN A · CIK 0001070844 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 2,380,800

Underlying: Class A Common Stock · 39,200 shares

Expires not disclosed

F1 · kind: Reflects an internal transfer between BSOF Master Fund L.P. ("BSOF") and BSOF Master Fund II L.P. ("BSOF II", and together with BSOF, the "BSOF Funds").

F6 · derivative.exercise_date: The warrants to purchase shares of Class A Common Stock of the Issuer were exercisable 30 days after June 3, 2019 and will expire five years after June 3, 2019 or earlier upon redemption or liquidation.

F6 · derivative.expiration_date: The warrants to purchase shares of Class A Common Stock of the Issuer were exercisable 30 days after June 3, 2019 and will expire five years after June 3, 2019 or earlier upon redemption or liquidation.

F3 · ownership.nature: Reflects securities of the Issuer directly held by BSOF.

F4 · ownership.nature: Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the sole member of BSOA. Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Holdings I/II GP L.L.C. ("Holdings GP") is the general partner of each of Holdings I and Holdings II. The Blackstone Group Inc. ("Blackstone") is the sole member of Holdings GP. Blackstone Group Management L.L.C. ("Blackstone Management") is the sole holder of the Class C common stock of Blackstone. Blackstone Management is wholly owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F5 · ownership.nature: (Continue from Footnote 4) Each such Reporting Person may be deemed to exercise voting and investment power over the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him and thus may be deemed to beneficially own such securities. Each of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer), disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F7 · ownership.nature: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0000899243-21-014782 · doc4.xml · derivative · entry 7

Blackstone Holdings I L.P. · CIK 0001464694 · 10% owner

BSOF Master Fund L.P. · CIK 0001539563 · 10% owner

BSOF Master Fund II L.P. · CIK 0001728530 · 10% owner

Blackstone Strategic Opportunity Associates L.L.C. · CIK 0001728529 · 10% owner

Blackstone Alternative Solutions L.L.C. · CIK 0001728531 · 10% owner

Blackstone Holdings II L.P. · CIK 0001484870 · 10% owner

Blackstone Holdings I/II GP L.L.C. · CIK 0001464695 · 10% owner

Blackstone Group Inc · CIK 0001393818 · 10% owner

Blackstone Group Management L.L.C. · CIK 0001404071 · 10% owner

SCHWARZMAN STEPHEN A · CIK 0001070844 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 179,200

Underlying: Class A Common Stock · 39,200 shares

Expires not disclosed

F1 · kind: Reflects an internal transfer between BSOF Master Fund L.P. ("BSOF") and BSOF Master Fund II L.P. ("BSOF II", and together with BSOF, the "BSOF Funds").

F6 · derivative.exercise_date: The warrants to purchase shares of Class A Common Stock of the Issuer were exercisable 30 days after June 3, 2019 and will expire five years after June 3, 2019 or earlier upon redemption or liquidation.

F6 · derivative.expiration_date: The warrants to purchase shares of Class A Common Stock of the Issuer were exercisable 30 days after June 3, 2019 and will expire five years after June 3, 2019 or earlier upon redemption or liquidation.

F2 · ownership.nature: Reflects securities of Ranpak Holdings Corp. (the "Issuer") directly held by BSOF II.

F4 · ownership.nature: Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the sole member of BSOA. Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Holdings I/II GP L.L.C. ("Holdings GP") is the general partner of each of Holdings I and Holdings II. The Blackstone Group Inc. ("Blackstone") is the sole member of Holdings GP. Blackstone Group Management L.L.C. ("Blackstone Management") is the sole holder of the Class C common stock of Blackstone. Blackstone Management is wholly owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F5 · ownership.nature: (Continue from Footnote 4) Each such Reporting Person may be deemed to exercise voting and investment power over the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him and thus may be deemed to beneficially own such securities. Each of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer), disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F7 · ownership.nature: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0000899243-21-014782 · doc4.xml · derivative · entry 6

Blackstone Holdings I L.P. · CIK 0001464694 · 10% owner

BSOF Master Fund L.P. · CIK 0001539563 · 10% owner

BSOF Master Fund II L.P. · CIK 0001728530 · 10% owner

Blackstone Strategic Opportunity Associates L.L.C. · CIK 0001728529 · 10% owner

Blackstone Alternative Solutions L.L.C. · CIK 0001728531 · 10% owner

Blackstone Holdings II L.P. · CIK 0001484870 · 10% owner

Blackstone Holdings I/II GP L.L.C. · CIK 0001464695 · 10% owner

Blackstone Group Inc · CIK 0001393818 · 10% owner

Blackstone Group Management L.L.C. · CIK 0001404071 · 10% owner

SCHWARZMAN STEPHEN A · CIK 0001070844 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 2,341,600

Underlying: Class A Common Stock · 140,000 shares

Expires not disclosed

F1 · kind: Reflects an internal transfer between BSOF Master Fund L.P. ("BSOF") and BSOF Master Fund II L.P. ("BSOF II", and together with BSOF, the "BSOF Funds").

F6 · derivative.exercise_date: The warrants to purchase shares of Class A Common Stock of the Issuer were exercisable 30 days after June 3, 2019 and will expire five years after June 3, 2019 or earlier upon redemption or liquidation.

F6 · derivative.expiration_date: The warrants to purchase shares of Class A Common Stock of the Issuer were exercisable 30 days after June 3, 2019 and will expire five years after June 3, 2019 or earlier upon redemption or liquidation.

F3 · ownership.nature: Reflects securities of the Issuer directly held by BSOF.

F4 · ownership.nature: Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the sole member of BSOA. Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Holdings I/II GP L.L.C. ("Holdings GP") is the general partner of each of Holdings I and Holdings II. The Blackstone Group Inc. ("Blackstone") is the sole member of Holdings GP. Blackstone Group Management L.L.C. ("Blackstone Management") is the sole holder of the Class C common stock of Blackstone. Blackstone Management is wholly owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F5 · ownership.nature: (Continue from Footnote 4) Each such Reporting Person may be deemed to exercise voting and investment power over the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him and thus may be deemed to beneficially own such securities. Each of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer), disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F7 · ownership.nature: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0000899243-21-014782 · doc4.xml · derivative · entry 5

Blackstone Holdings I L.P. · CIK 0001464694 · 10% owner

BSOF Master Fund L.P. · CIK 0001539563 · 10% owner

BSOF Master Fund II L.P. · CIK 0001728530 · 10% owner

Blackstone Strategic Opportunity Associates L.L.C. · CIK 0001728529 · 10% owner

Blackstone Alternative Solutions L.L.C. · CIK 0001728531 · 10% owner

Blackstone Holdings II L.P. · CIK 0001484870 · 10% owner

Blackstone Holdings I/II GP L.L.C. · CIK 0001464695 · 10% owner

Blackstone Group Inc · CIK 0001393818 · 10% owner

Blackstone Group Management L.L.C. · CIK 0001404071 · 10% owner

SCHWARZMAN STEPHEN A · CIK 0001070844 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 218,400

Underlying: Class A Common Stock · 140,000 shares

Expires not disclosed

F1 · kind: Reflects an internal transfer between BSOF Master Fund L.P. ("BSOF") and BSOF Master Fund II L.P. ("BSOF II", and together with BSOF, the "BSOF Funds").

F6 · derivative.exercise_date: The warrants to purchase shares of Class A Common Stock of the Issuer were exercisable 30 days after June 3, 2019 and will expire five years after June 3, 2019 or earlier upon redemption or liquidation.

F6 · derivative.expiration_date: The warrants to purchase shares of Class A Common Stock of the Issuer were exercisable 30 days after June 3, 2019 and will expire five years after June 3, 2019 or earlier upon redemption or liquidation.

F2 · ownership.nature: Reflects securities of Ranpak Holdings Corp. (the "Issuer") directly held by BSOF II.

F4 · ownership.nature: Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the sole member of BSOA. Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Holdings I/II GP L.L.C. ("Holdings GP") is the general partner of each of Holdings I and Holdings II. The Blackstone Group Inc. ("Blackstone") is the sole member of Holdings GP. Blackstone Group Management L.L.C. ("Blackstone Management") is the sole holder of the Class C common stock of Blackstone. Blackstone Management is wholly owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F5 · ownership.nature: (Continue from Footnote 4) Each such Reporting Person may be deemed to exercise voting and investment power over the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him and thus may be deemed to beneficially own such securities. Each of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer), disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F7 · ownership.nature: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0000899243-21-014782 · doc4.xml · nonDerivative · entry 4

Blackstone Holdings I L.P. · CIK 0001464694 · 10% owner

BSOF Master Fund L.P. · CIK 0001539563 · 10% owner

BSOF Master Fund II L.P. · CIK 0001728530 · 10% owner

Blackstone Strategic Opportunity Associates L.L.C. · CIK 0001728529 · 10% owner

Blackstone Alternative Solutions L.L.C. · CIK 0001728531 · 10% owner

Blackstone Holdings II L.P. · CIK 0001484870 · 10% owner

Blackstone Holdings I/II GP L.L.C. · CIK 0001464695 · 10% owner

Blackstone Group Inc · CIK 0001393818 · 10% owner

Blackstone Group Management L.L.C. · CIK 0001404071 · 10% owner

SCHWARZMAN STEPHEN A · CIK 0001070844 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 4,208,250

F1 · kind: Reflects an internal transfer between BSOF Master Fund L.P. ("BSOF") and BSOF Master Fund II L.P. ("BSOF II", and together with BSOF, the "BSOF Funds").

F3 · ownership.nature: Reflects securities of the Issuer directly held by BSOF.

F4 · ownership.nature: Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the sole member of BSOA. Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Holdings I/II GP L.L.C. ("Holdings GP") is the general partner of each of Holdings I and Holdings II. The Blackstone Group Inc. ("Blackstone") is the sole member of Holdings GP. Blackstone Group Management L.L.C. ("Blackstone Management") is the sole holder of the Class C common stock of Blackstone. Blackstone Management is wholly owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F5 · ownership.nature: (Continue from Footnote 4) Each such Reporting Person may be deemed to exercise voting and investment power over the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him and thus may be deemed to beneficially own such securities. Each of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer), disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F7 · ownership.nature: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0000899243-21-014782 · doc4.xml · nonDerivative · entry 3

Blackstone Holdings I L.P. · CIK 0001464694 · 10% owner

BSOF Master Fund L.P. · CIK 0001539563 · 10% owner

BSOF Master Fund II L.P. · CIK 0001728530 · 10% owner

Blackstone Strategic Opportunity Associates L.L.C. · CIK 0001728529 · 10% owner

Blackstone Alternative Solutions L.L.C. · CIK 0001728531 · 10% owner

Blackstone Holdings II L.P. · CIK 0001484870 · 10% owner

Blackstone Holdings I/II GP L.L.C. · CIK 0001464695 · 10% owner

Blackstone Group Inc · CIK 0001393818 · 10% owner

Blackstone Group Management L.L.C. · CIK 0001404071 · 10% owner

SCHWARZMAN STEPHEN A · CIK 0001070844 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 316,750

F1 · kind: Reflects an internal transfer between BSOF Master Fund L.P. ("BSOF") and BSOF Master Fund II L.P. ("BSOF II", and together with BSOF, the "BSOF Funds").

F2 · ownership.nature: Reflects securities of Ranpak Holdings Corp. (the "Issuer") directly held by BSOF II.

F4 · ownership.nature: Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the sole member of BSOA. Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Holdings I/II GP L.L.C. ("Holdings GP") is the general partner of each of Holdings I and Holdings II. The Blackstone Group Inc. ("Blackstone") is the sole member of Holdings GP. Blackstone Group Management L.L.C. ("Blackstone Management") is the sole holder of the Class C common stock of Blackstone. Blackstone Management is wholly owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F5 · ownership.nature: (Continue from Footnote 4) Each such Reporting Person may be deemed to exercise voting and investment power over the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him and thus may be deemed to beneficially own such securities. Each of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer), disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F7 · ownership.nature: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0000899243-21-014782 · doc4.xml · nonDerivative · entry 2

Blackstone Holdings I L.P. · CIK 0001464694 · 10% owner

BSOF Master Fund L.P. · CIK 0001539563 · 10% owner

BSOF Master Fund II L.P. · CIK 0001728530 · 10% owner

Blackstone Strategic Opportunity Associates L.L.C. · CIK 0001728529 · 10% owner

Blackstone Alternative Solutions L.L.C. · CIK 0001728531 · 10% owner

Blackstone Holdings II L.P. · CIK 0001484870 · 10% owner

Blackstone Holdings I/II GP L.L.C. · CIK 0001464695 · 10% owner

Blackstone Group Inc · CIK 0001393818 · 10% owner

Blackstone Group Management L.L.C. · CIK 0001404071 · 10% owner

SCHWARZMAN STEPHEN A · CIK 0001070844 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 4,171,500

F1 · kind: Reflects an internal transfer between BSOF Master Fund L.P. ("BSOF") and BSOF Master Fund II L.P. ("BSOF II", and together with BSOF, the "BSOF Funds").

F3 · ownership.nature: Reflects securities of the Issuer directly held by BSOF.

F4 · ownership.nature: Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the sole member of BSOA. Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Holdings I/II GP L.L.C. ("Holdings GP") is the general partner of each of Holdings I and Holdings II. The Blackstone Group Inc. ("Blackstone") is the sole member of Holdings GP. Blackstone Group Management L.L.C. ("Blackstone Management") is the sole holder of the Class C common stock of Blackstone. Blackstone Management is wholly owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F5 · ownership.nature: (Continue from Footnote 4) Each such Reporting Person may be deemed to exercise voting and investment power over the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him and thus may be deemed to beneficially own such securities. Each of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer), disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F7 · ownership.nature: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0000899243-21-014782 · doc4.xml · nonDerivative · entry 1

Blackstone Holdings I L.P. · CIK 0001464694 · 10% owner

BSOF Master Fund L.P. · CIK 0001539563 · 10% owner

BSOF Master Fund II L.P. · CIK 0001728530 · 10% owner

Blackstone Strategic Opportunity Associates L.L.C. · CIK 0001728529 · 10% owner

Blackstone Alternative Solutions L.L.C. · CIK 0001728531 · 10% owner

Blackstone Holdings II L.P. · CIK 0001484870 · 10% owner

Blackstone Holdings I/II GP L.L.C. · CIK 0001464695 · 10% owner

Blackstone Group Inc · CIK 0001393818 · 10% owner

Blackstone Group Management L.L.C. · CIK 0001404071 · 10% owner

SCHWARZMAN STEPHEN A · CIK 0001070844 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 353,500

F1 · kind: Reflects an internal transfer between BSOF Master Fund L.P. ("BSOF") and BSOF Master Fund II L.P. ("BSOF II", and together with BSOF, the "BSOF Funds").

F2 · ownership.nature: Reflects securities of Ranpak Holdings Corp. (the "Issuer") directly held by BSOF II.

F4 · ownership.nature: Blackstone Strategic Opportunity Associates L.L.C. ("BSOA") is the general partner of each of the BSOF Funds. Blackstone Holdings II L.P. ("Holdings II") is the sole member of BSOA. Blackstone Alternative Solutions L.L.C. ("BAS") is the investment manager of each of the BSOF Funds. Blackstone Holdings I L.P. ("Holdings I") is the sole member of BAS. Blackstone Holdings I/II GP L.L.C. ("Holdings GP") is the general partner of each of Holdings I and Holdings II. The Blackstone Group Inc. ("Blackstone") is the sole member of Holdings GP. Blackstone Group Management L.L.C. ("Blackstone Management") is the sole holder of the Class C common stock of Blackstone. Blackstone Management is wholly owned by its senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F5 · ownership.nature: (Continue from Footnote 4) Each such Reporting Person may be deemed to exercise voting and investment power over the securities of the Issuer directly held by the BSOF Funds directly or indirectly controlled by it or him and thus may be deemed to beneficially own such securities. Each of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer), disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of the Reporting Persons (other than BSOF I and BSOF II to the extent each directly holds securities of the Issuer) is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F7 · ownership.nature: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

SEC source: 0000950103-20-013307 · dp131934_4-seshadri.xml · nonDerivative · entry 1

Seshadri Salil · CIK 0001775489 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 499,787

F1 · shares: These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.

SEC source: 0000950103-20-013308 · dp131937_4-king.xml · nonDerivative · entry 1

KING ROBERT C · CIK 0001383636 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,605

F1 · shares: These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.

SEC source: 0000950103-20-013306 · dp131936_4-corley.xml · nonDerivative · entry 1

Corley Thomas F. · CIK 0001556540 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,605

F1 · shares: These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.

SEC source: 0000950103-20-013309 · dp131933_4-tranen.xml · nonDerivative · entry 1

Tranen Alicia M. · CIK 0001775482 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,245

F1 · shares: These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.

SEC source: 0000950103-20-013305 · dp131932_4-kovach.xml · nonDerivative · entry 1

Kovach Steve A. · CIK 0001775555 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,245

F1 · shares: These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.

SEC source: 0000950103-20-013304 · dp131935_4-zumwalt.xml · nonDerivative · entry 1

Zumwalt Kurt · CIK 0001803266 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,367

F1 · shares: These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.

SEC source: 0000950103-20-009569 · dp128151_4-trent.xml · nonDerivative · entry 1

Meyerhoefer Trent · CIK 0001775491 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 90,976

F1 · shares: Represents the number of shares of Ranpak Holdings Corp. that have been withheld to satisfy withholding and remittance obligations in connection with the net settlement of 6,647 restricted stock units and does not represent a sale.

SEC source: 0000950103-20-009570 · dp128148_4-asali.xml · nonDerivative · entry 1

ASALI OMAR · CIK 0001339372 · Director · CEO and Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,243,977

F1 · shares: Represents the number of shares of Ranpak Holdings Corp. that have been withheld to satisfy withholding and remittance obligations in connection with the net settlement of 9,321 restricted stock units and does not represent a sale.

SEC source: 0000950103-20-009566 · dp128147_4-jones.xml · nonDerivative · entry 1

Jones Michael Anthony · CIK 0001604476 · Director · Executive Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 151,289

F1 · shares: Represents the number of shares of Ranpak Holdings Corp. that have been withheld to satisfy withholding and remittance obligations in connection with the net settlement of 11,065 restricted stock units and does not represent a sale.

SEC source: 0000950103-20-009567 · dp128149_4-gliedman.xml · nonDerivative · entry 1

Gliedman Michael S. · CIK 0001775565 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,613

F1 · shares: Represents the number of shares of Ranpak Holdings Corp. that have been withheld to satisfy withholding and remittance obligations in connection with the net settlement of 3,622 restricted stock units and does not represent a sale.

SEC source: 0000950103-20-009565 · dp128146_4-laurensse.xml · nonDerivative · entry 1

Laurensse Eric · CIK 0001775465 · Managing Director, Europe

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,954

F1 · shares: Represents the number of shares of Ranpak Holdings Corp. that have been withheld to satisfy withholding and remittance obligations in connection with the net settlement of 4,705 restricted stock units and does not represent a sale.

SEC source: 0000950103-20-006884 · dp125511_4-seshadri.xml · nonDerivative · entry 2

Seshadri Salil · CIK 0001775489 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 486,417

F2 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-006885 · dp125510_4-zumwalt.xml · nonDerivative · entry 1

Zumwalt Kurt · CIK 0001803266 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 998

F1 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-006880 · dp125506_4-tranen.xml · nonDerivative · entry 2

Tranen Alicia M. · CIK 0001775482 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,875

F2 · price: These shares were issued in connection with the Reporting Person's election to receive her quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-006882 · dp125509_4-kovach.xml · nonDerivative · entry 2

Kovach Steve A. · CIK 0001775555 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,875

F2 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-004768 · dp123360_4-meyerhoefer.xml · nonDerivative · entry 1

Meyerhoefer Trent · CIK 0001775491 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 97,623

F1 · shares: These restricted stock units vest ratably in three annual installments on March 3, 2020, 2021 and 2022.

SEC source: 0000950103-20-004765 · dp123356_4-asali.xml · nonDerivative · entry 1

ASALI OMAR · CIK 0001339372 · Director · CEO and Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,453,952

F1 · shares: These restricted stock units vest ratably in three annual installments on March 3, 2020, 2021 and 2022.

SEC source: 0000950103-20-004773 · dp123358_4-jones.xml · nonDerivative · entry 1

Jones Michael Anthony · CIK 0001604476 · Director · Executive Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 162,354

F1 · shares: These restricted stock units vest ratably in three annual installments on March 3, 2020, 2021 and 2022.

SEC source: 0000950103-20-004771 · dp123363_4-gliedman.xml · nonDerivative · entry 1

Gliedman Michael S. · CIK 0001775565 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,235

F1 · shares: These restricted stock units vest ratably in three annual installments on March 3, 2020, 2021 and 2022

SEC source: 0000950103-20-004769 · dp123351_4-smolin.xml · nonDerivative · entry 1

Smolin Michele · CIK 0001775484 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,282

F1 · shares: These restricted stock units vest ratably in three annual installments on March 3, 2020, 2021 and 2022.

SEC source: 0000950103-20-004763 · dp123355_4-grassoti.xml · nonDerivative · entry 1

Grassotti Antonio · CIK 0001775615 · Managing Director, APAC

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,377

F1 · shares: These restricted stock units vest ratably in three annual installments on March 3, 2020, 2021 and 2022.

SEC source: 0000950103-20-004761 · dp123353_4-laurensse.xml · nonDerivative · entry 1

Laurensse Eric · CIK 0001775465 · Managing Director, Europe

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,659

F1 · shares: These restricted stock units vest ratably in three annual installments on March 3, 2020, 2021 and 2022.

SEC source: 0000950103-20-006884 · dp125511_4-seshadri.xml · nonDerivative · entry 1

Seshadri Salil · CIK 0001775489 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 483,422

F1 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-006880 · dp125506_4-tranen.xml · nonDerivative · entry 1

Tranen Alicia M. · CIK 0001775482 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,880

F1 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0000950103-20-006882 · dp125509_4-kovach.xml · nonDerivative · entry 1

Kovach Steve A. · CIK 0001775555 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,880

F1 · price: These shares were issued in connection with the Reporting Person's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.

SEC source: 0001387131-19-009539 · jscm-form4_121319.xml · nonDerivative · entry 1

JS Capital Management LLC · CIK 0001562668 · 10% owner

SOROS JONATHAN T ALLAN · CIK 0001387590 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 29,203,635

F2 · shares: Represents shares purchased in an underwritten public offering of the issuer.

F3 · balance_after: Includes 2,636,170 shares of Class A common that are subject to forfeiture if certain earnout targets are not met.

F1 · ownership.nature: All of the securities reported herein are held for the account of JS Capital LLC, a Delaware limited liability company ("JSC"). JS Capital Management LLC ("JSCM") is the sole managing member of JSC. Jonathan Soros is the sole managing member of JSCM.