PAR Form 144 Filed for 6,500-Share Sale via Morgan Stanley

Rhea-AI Filing Summary

PAR Technology Corp. (PAR) Form 144 notice reports a proposed sale of 6,500 common shares through Morgan Stanley Smith Barney LLC on the NYSE, with an approximate aggregate market value of $304,590.00. The filing shows these shares were acquired and will be paid for on 09/10/2025 by exercise of stock options granted by the issuer, with cash payment recorded the same day. The filer reports 40,581,077 shares outstanding and indicates no securities sold in the past three months. The notice includes the standard signature representation that the selling person does not possess undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine insider exercise and proposed sale of a small block of stock; not material to PAR's capitalization.

The filing documents an insider exercise of options and a contemporaneous notice to sell 6,500 shares valued at $304,590.00, representing a de minimis fraction of the reported 40,581,077 shares outstanding. There are no reported prior sales in the past three months. From a market-impact perspective, this size is unlikely to move the stock price or alter ownership control. The filing follows Rule 144 disclosure requirements and includes the customary representation regarding material nonpublic information.

Corporate Governance Expert

TL;DR: Compliance-focused filing showing an option exercise and planned sale; procedural disclosure meets Rule 144 norms.

The document indicates the seller exercised stock options on 09/10/2025 and intends to sell the resulting 6,500 shares through a registered broker-dealer. The absence of other recent sales and the inclusion of the attestation about material adverse information align with expected governance and insider-trading controls. This notice appears procedural and consistent with standard insider liquidity activity rather than signaling governance concerns.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	6500	304590.00	40581077	09/10/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/10/2025	Exercise of Stock Options	Issuer			6500	09/10/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does PAR's Form 144 filed for PAR mean?

The Form 144 notifies the market of a proposed sale of 6,500 common shares acquired by exercise of stock options and valued at $304,590.00 to be sold on 09/10/2025 via Morgan Stanley Smith Barney LLC.

How many PAR shares are outstanding according to the filing?

The filing states 40,581,077 shares outstanding.

Were any PAR shares sold by this person in the past three months?

No. The filing reports "Nothing to Report" for securities sold during the past three months.

How were the shares acquired according to the Form 144?

The shares were acquired on 09/10/2025 by exercise of stock options from the issuer and paid for in cash the same day.

Which broker will handle the sale?

The sale is to be executed through Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY.