Voss group boosts PAR Technology (PAR) stake with 529k-share buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PAR Technology’s largest shareholder group has been buying more stock. Investment vehicles associated with Voss Capital and Travis W. Cocke, which together beneficially own over 10% of PAR Technology Corp, reported net open-market purchases of 529,167 shares of common stock between mid-January and early February 2026.
Most transactions were made through Voss Capital managed accounts at prices generally in the low-to-high $20s and $30s per share, with total indirect holdings in those accounts rising to over 4.1 million shares after the latest trades. The group also bought call options that were immediately exercisable upon acquisition, and each reporting person disclaims beneficial ownership beyond its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 529,167 shares ($14,672,578)
Net Buy
15 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
Bought
529,167 shs ($14.67M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, $0.02 par value | 50,000 | $22.1999 | $1.11M |
| Purchase | Common Stock, $0.02 par value | 15,100 | $23.2335 | $351K |
| Purchase | Call Option (right to buy) | 2,500 | $0.50 | $1K |
| Purchase | Call Option (right to buy) | 464 | $3.50 | $2K |
| Purchase | Common Stock, $0.02 par value | 157,862 | $22.7556 | $3.59M |
| Purchase | Common Stock, $0.02 par value | 25,000 | $23.7243 | $593K |
| Purchase | Common Stock, $0.02 par value | 2,138 | $26.21 | $56K |
| Purchase | Call Option (right to buy) | 1 | $1.00 | $1.00 |
| Purchase | Common Stock, $0.02 par value | 85,000 | $28.5552 | $2.43M |
| Purchase | Common Stock, $0.02 par value | 90,000 | $29.6576 | $2.67M |
| Purchase | Common Stock, $0.02 par value | 10,000 | $31.7142 | $317K |
| Purchase | Common Stock, $0.02 par value | 50,068 | $38.9341 | $1.95M |
| Purchase | Common Stock, $0.02 par value | 41,034 | $39.1047 | $1.60M |
| holding | Common Stock, $0.02 par value | -- | -- | -- |
| holding | Common Stock, $0.02 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.02 par value — 4,125,000 shares (Indirect, By: Managed Accounts of Voss Capital, LP);
Call Option (right to buy) — 2,500 shares (Indirect, By: Managed Accounts of Voss Capital, LP)
Footnotes (1)
- This Form 4 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 heldin 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. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.5582 to $39.3089, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer 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 this footnote. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.0913 to $28.8786, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer 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 this footnote. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.5665 to $29.6915, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer 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 this footnote. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.4856 to $23.3151, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer 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 this footnote. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.1347 to $22.2650, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer 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 this footnote. Such call options were immediately exercisable upon their acquisition.
FAQ
Who are the reporting persons in the PAR (PAR) Form 4 filing?
The Form 4 is filed jointly by Voss Value Master Fund, LP, Voss Value-Oriented Special Situations Fund, LP, Voss Advisors GP, LLC, Voss Capital, LP, and Travis W. Cocke, described collectively as reporting persons forming a Section 13(d) group.
At what prices did the Voss managed accounts buy PAR (PAR) common stock?
The managed accounts of Voss Capital bought PAR common shares at weighted average prices around $22–$39 per share, with specific ranges like $22.13–$23.32 and $38.56–$39.31 disclosed in footnotes describing multiple trades within each price band.
Did the Voss group acquire options on PAR (PAR) stock in this filing?
Yes. The filing shows purchases of call options (rights to buy) on PAR stock, including 2,500 and 464 option units. Footnotes state these call options were immediately exercisable upon acquisition, and they are reported as indirectly owned through Voss Capital managed accounts.
Why is the Voss group considered a more than 10% owner of PAR (PAR)?
The filing states the reporting persons form a Section 13(d) group that collectively beneficially owns over 10% of PAR’s outstanding common stock. This status triggers additional reporting obligations, including Form 4 filings when the group’s direct or indirect holdings change.