[Form 3] PAR TECHNOLOGY CORP Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
PAR Technology Corp received an initial ownership report showing a group of Voss-managed entities collectively holding over 10% of its common stock. The filing lists indirect holdings of 845,000 shares through Voss Value Master Fund, 145,000 shares through Voss Value-Oriented Special Situations Fund, and 3,417,863 shares in managed accounts of Voss Capital, all as common stock with $0.02 par value. In addition, managed accounts of Voss Capital hold a call option exercisable for 9,300 shares of common stock at $45 per share, expiring on 01/16/2026, which was already exercisable as of the reporting date. The reporting parties, including Voss Capital, affiliated funds, Voss Advisors GP, and Travis W. Cocke, collectively report these positions but each disclaims beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Voss Capital, LP, Voss Value Master Fund, LP, Voss Value-Oriented Special Situations Fund, LP, Voss Advisors GP, LLC, Cocke Travis W.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Call Option (right to buy) | -- | -- | -- |
| holding | Common Stock, $0.02 par value | -- | -- | -- |
| holding | Common Stock, $0.02 par value | -- | -- | -- |
| holding | Common Stock, $0.02 par value | -- | -- | -- |
Holdings After Transaction:
Call Option (right to buy) — 9,300 shares (Indirect, By: Managed Accounts of Voss Capital, LP);
Common Stock, $0.02 par value — 845,000 shares (Indirect, By: Voss Value Master Fund, LP)
Footnotes (1)
- This Form 3 is filed jointly by Voss Value Master Fund, LP ("Voss Value Master Fund"), Voss Value-Oriented Special Situations Fund, LP ("Voss Value-Oriented Special Situations Fund"), Voss Advisors GP, LLC ("Voss GP"), Voss Capital, LP ("Voss Capital") and Travis W. Cocke (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Securities owned directly by Voss Value Master Fund. Voss GP, as the general partner of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Voss Capital, as the investment manager of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Securities owned directly by Voss Value-Oriented Special Situations Fund. Voss GP, as the general partner of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Voss Capital, as the investment manager of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Securities held in certain accounts separately managed by Voss Capital (the "Voss Managed Accounts"). Voss Capital, as the investment manager of the Voss Managed Accounts, may be deemed to beneficially own the securities held in the Voss Managed Accounts. Mr. Cocke, as the managing member of Voss Capital, may be deemed to beneficially own the securities held in the Voss Managed Accounts. Such options are exercisable as of the date hereof and were immediately exercisable upon their acquisition.
