PAR SVP sells 498 shares in tax sell-to-cover

PAR Technology Corp senior vice president of finance and transformation Michael Anthony Steenberge reported an open-market sale of 498 shares of common stock at a weighted average price of $14.20 per share.

Rhea-AI Filing Summary

PAR Technology Corp senior vice president of finance and transformation Michael Anthony Steenberge reported an open-market sale of 498 shares of common stock at a weighted average price of $14.20 per share. According to the disclosure, these shares were sold automatically to cover tax withholding obligations tied to the vesting and settlement of restricted stock units granted on May 13, 2024, under the company’s mandatory sell-to-cover policy implemented through a Rule 10b5-1 plan adopted on June 3, 2025. After this transaction, he directly holds 52,240 shares, which includes 364 shares acquired under the company’s Employee Stock Purchase Plan on June 1, 2026.

Insider Trade Summary 10b5-1

Net Seller: 498 shares

Net Sell 1 txn

Insider STEENBERGE MICHAEL ANTHONY

Role SVP Finance & Transformation

Sold 498 shs ($7K)

Type	Security	Shares	Price	Value
Sale	Common Stock	498	$14.20	$7K

Holdings After Transaction: Common Stock — 52,240 shares (Direct)

Footnotes (3)

1. F1. The sales reported on this Form 4 represent shares of Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of a portion of restricted stock units granted on May 13, 2024. These sales are made pursuant to the Company's mandatory, automatic "sell-to-cover" policy as implemented in a Rule 10b5-1 plan adopted on June 3, 2025, and do not represent discretionary trades by the Reporting Person.
2. F2. The sales price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.16 to $14.24 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.
3. F3. Includes 364 shares acquired under the Company's Employee Stock Purchase Plan on June 1, 2026.

Key Figures

Shares sold: 498 shares Weighted average sale price: $14.20 per share Post-transaction holdings: 52,240 shares +2 more

5 metrics

Shares sold 498 shares Open-market sale on June 3, 2026 to cover tax withholding

Weighted average sale price $14.20 per share Common stock sale related to RSU tax withholding

Post-transaction holdings 52,240 shares Direct ownership after June 3, 2026 sale

Price range of sales $14.16–$14.24 per share Multiple transactions comprising the 498-share sale

ESPP shares included 364 shares Acquired under Employee Stock Purchase Plan on June 1, 2026

Key Terms

Rule 10b5-1 plan, restricted stock units, Employee Stock Purchase Plan, weighted average price

4 terms

Rule 10b5-1 plan regulatory

"These sales are made pursuant to the Company's mandatory, automatic "sell-to-cover" policy as implemented in a Rule 10b5-1 plan adopted on June 3, 2025"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

restricted stock units financial

"in connection with the vesting and settlement of a portion of restricted stock units granted on May 13, 2024"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Employee Stock Purchase Plan financial

"Includes 364 shares acquired under the Company's Employee Stock Purchase Plan on June 1, 2026"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PAR (PAR) report for Michael Anthony Steenberge?

PAR senior vice president Michael Anthony Steenberge reported selling 498 shares of common stock. The shares were disposed of in open-market transactions as part of an automatic process to cover tax withholding on recently vested restricted stock units, not a discretionary sale.

At what price did the PAR (PAR) insider shares sell in this Form 4?

The reported sale used a weighted average price of $14.20 per share. Footnotes state the 498 shares were sold in multiple trades within a narrow range from $14.16 to $14.24 per share, reflecting typical execution across several small transactions.

Why did the PAR (PAR) executive sell 498 shares of stock?

The filing explains the 498 shares were sold to cover tax withholding obligations on vesting and settlement of restricted stock units granted May 13, 2024. The company’s mandatory, automatic sell-to-cover policy executed these trades under a Rule 10b5-1 plan, meaning they were not discretionary.

How many PAR (PAR) shares does Michael Anthony Steenberge hold after the sale?

Following this transaction, Michael Anthony Steenberge directly owns 52,240 PAR common shares. This total includes 364 shares acquired under the company’s Employee Stock Purchase Plan on June 1, 2026, giving context for his remaining equity position after the small tax-related sale.

What does the Rule 10b5-1 plan reference mean in the PAR (PAR) filing?

The filing notes the sales occurred under a Rule 10b5-1 plan adopted on June 3, 2025. Such plans pre-schedule trades, allowing automatic, rules-based transactions like tax sell-to-cover events, and indicate the timing was not chosen discretionarily by the executive.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/04/2026 - 04:45 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

STEENBERGE MICHAEL ANTHONY

(Last) (First) (Middle)

8383 SENECA TURNPIKE

(Street)

NEW HARTFORD NEW YORK 13413

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PAR TECHNOLOGY CORP [ PAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Finance & Transformation

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/03/2026		S		498(1)	D	$14.2(2)	52,240(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported on this Form 4 represent shares of Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of a portion of restricted stock units granted on May 13, 2024. These sales are made pursuant to the Company's mandatory, automatic "sell-to-cover" policy as implemented in a Rule 10b5-1 plan adopted on June 3, 2025, and do not represent discretionary trades by the Reporting Person.

2. The sales price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.16 to $14.24 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.

3. Includes 364 shares acquired under the Company's Employee Stock Purchase Plan on June 1, 2026.

Remarks:

	/s/ Jennifer L Karinen, Attorney-in-fact	06/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)