PAR Technology CLO sells 20,000 shares in plan
PAR Technology CLO & Corporate Secretary Cathy A. King exercised employee stock options and sold shares in a pre-arranged transaction.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
PAR Technology CLO & Corporate Secretary Cathy A. King exercised employee stock options and sold shares in a pre-arranged transaction. She exercised options for 20,000 shares of common stock at $5.12 per share, then sold 20,000 shares at a weighted average price of $15.38 per share under a Rule 10b5-1 trading plan. The sale price reflected multiple trades between $15.19 and $15.89. After these transactions, she directly holds 122,919 shares of PAR Technology common stock, and the 20,000-share option grant referenced has been fully exercised.
Insider Trade Summary 10b5-1
Exercise and Sale: 20,000 shares ($205K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
KING CATHY A
Role
CLO & Corporate Secretary
Sold
20,000 shs ($308K)
Approx. gross sale proceeds
$308K
Approx. exercise cost
$102K
Approx. pre-tax spread
$205K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,000 | $5.12 | $102K |
| Sale | Common Stock | 20,000 | $15.38 | $308K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 122,919 shares (Direct)
Footnotes (3)
- F1. This transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025, and subsequently modified on March 3, 2026.
- F2. The sales price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.19 to $15.89, inclusive. The reporting person undertakes to provide to PAR Technology Corporation, any security holder of PAR Technology Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The option, representing a right to purchase a total of 20,000 shares, became exercisable in three equal installments beginning on July 29, 2017, which was the first anniversary of the date on which the option was granted.
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $15.38 per share
Options exercise size: 20,000 shares
+5 more
8 metrics
Shares sold
20,000 shares
Open-market sale of common stock on 2026-06-02
Weighted average sale price
$15.38 per share
Common stock sales in range $15.19–$15.89
Options exercise size
20,000 shares
Employee stock option exercise on 2026-06-02
Option exercise price
$5.12 per share
Employee Stock Option (right to buy) grant
Shares held after transaction
122,919 shares
Direct ownership of PAR common stock after trades
Rule 10b5-1 plan adoption date
March 14, 2025
Pre-arranged trading plan for reported sale
Rule 10b5-1 plan modification date
March 3, 2026
Later modification of trading plan
Option expiration date
July 29, 2026
End of life for 20,000-share option grant
Key Terms
Rule 10b5-1 trading plan, weighted average price, Employee Stock Option (right to buy), derivative exercise/conversion, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The sales price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for the option-related entries"
open-market sale financial
"transaction_action: "open-market sale" for the 20,000-share common stock transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PAR (PAR Technology) report for Cathy A. King?
Cathy A. King exercised options and sold shares of PAR common stock. She exercised options for 20,000 shares at $5.12 per share and sold 20,000 shares at a weighted average price of $15.38 per share on the same date.
Was the PAR (PAR Technology) insider stock sale by Cathy A. King pre-planned?
Yes, the sale occurred under a Rule 10b5-1 trading plan. The plan was adopted on March 14, 2025 and later modified on March 3, 2026, indicating the transactions were scheduled in advance rather than timed discretionarily.
What prices were involved in Cathy A. King’s PAR (PAR Technology) trades?
The options were exercised at $5.12 and shares sold around $15.38. The sale price is a weighted average of multiple trades executed between $15.19 and $15.89 per share, as disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
