JS Capital Management LLC - Dec 23, 2021 Form 4 Insider Report for Ranpak Holdings Corp. (PACK)

Role: 10%+ Owner
Signature: /s/ Richard Holahan, VP, JSCM
Stock symbol: PACK
Transactions as of: Dec 23, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/27/2021, 11:32 AM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PACK	Class A Common Stock	Other	$0	+554K	+1.85%	$0.00	30.5M	Dec 23, 2021	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	Pro rata distribution from One Madison Group LLC, of which JSC is a minority, non-managing member.

Remarks:

The filing of this form shall not be deemed an admission that either of the Reporting Persons is the beneficial owner of any securities not held directly for its account for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.