PAR Technology HR chief sells 653 shares at $19.29

PAR’s Chief Human Resources Officer executed an automatic 653-share tax sell-to-cover under a Rule 10b5-1 plan and now holds 30,789 PAR shares.

Rhea-AI Filing Summary

PAR TECHNOLOGY CORP (PAR) reported that Chief Human Resources Officer Elizabeth M. Codner sold 653 shares of common stock on September 8, 2026 at a weighted average price of $19.29 per share. According to the company’s disclosure, the sale was an automatic “sell-to-cover” for tax withholding on vesting restricted stock units under a Rule 10b5-1 plan and was not a discretionary trade. Following this transaction, she held 30,789 shares of PAR common stock directly.

Insider Trade Summary 10b5-1

Net Seller: 653 shares

Net Sell 1 txn

Insider Codner Elizabeth M

Role Chief Human Resources Officer

Sold 653 shs ($13K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	653	$19.29	$13K

Holdings After Transaction: Common Stock — 30,789 shares (Direct)

Footnotes (2)

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 August 12, 2025. These sales are made pursuant to the Company's automatic "sell-to-cover" policy as implemented in a Rule 10b5-1 plan adopted pursuant to a mandatory sell-to-cover provision in the underlying grant agreement, 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 $19.09 to $19.38, 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.

Key Figures

Shares sold: 653 shares Weighted average sale price: $19.29 per share Sale price range: $19.09–$19.38 per share +2 more

5 metrics

Shares sold 653 shares Common stock sold on September 8, 2026 to cover tax withholding

Weighted average sale price $19.29 per share Average price for 653 shares sold on September 8, 2026

Sale price range $19.09–$19.38 per share Range of prices for multiple transactions included in the sale

Holdings after transaction 30,789 shares Common stock directly held by Elizabeth M. Codner after the sale

Grant date of RSUs August 12, 2025 Restricted stock units whose vesting triggered the sell-to-cover

Key Terms

Rule 10b5-1 plan, sell-to-cover, restricted stock units, weighted average price

4 terms

Rule 10b5-1 plan regulatory

"made pursuant to the Company's automatic "sell-to-cover" policy as implemented in a Rule 10b5-1 plan"

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.

sell-to-cover financial

"made pursuant to the Company's automatic "sell-to-cover" policy"

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

restricted stock units financial

"in connection with the vesting and settlement of a portion of restricted stock units"

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.

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 Elizabeth M. Codner?

PAR reported that Chief Human Resources Officer Elizabeth M. Codner sold 653 shares of common stock on September 8, 2026. The sale was to cover tax withholding obligations from vesting restricted stock units under the company’s automatic sell-to-cover policy.

At what price were the PAR (PAR) shares sold in this Form 4?

The filing states a weighted average price of $19.29 per share. Footnotes explain the 653 shares were sold in multiple transactions at prices ranging from $19.09 to $19.38 per share, inclusive.

Was the PAR (PAR) insider trade by Elizabeth M. Codner discretionary?

No. The filing explains the sales were made under the company’s automatic “sell-to-cover” policy implemented in a Rule 10b5-1 plan, to satisfy tax withholding on vesting restricted stock units, and do not represent discretionary trades by her.

How many PAR (PAR) shares does Elizabeth M. Codner hold after this transaction?

After the reported sale of 653 shares, Elizabeth M. Codner directly holds 30,789 shares of PAR common stock, according to the Form 4 disclosure.

What triggered the sell-to-cover transaction reported by PAR (PAR)?

The transaction was triggered by the vesting and settlement of a portion of restricted stock units granted on August 12, 2025. Shares were sold automatically to cover the related tax withholding obligations under an established sell-to-cover policy.

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

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Available on EDGAR 09/08/2026 - 04:40 PM EDT Accepted by SEC EDGAR 09/08/2026 - 04:40 PM EDT 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^*

Codner Elizabeth M

(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)
	Chief Human Resources Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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	09/08/2026		S		653(1)	D	$19.29(2)	30,789	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 August 12, 2025. These sales are made pursuant to the Company's automatic "sell-to-cover" policy as implemented in a Rule 10b5-1 plan adopted pursuant to a mandatory sell-to-cover provision in the underlying grant agreement, 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 $19.09 to $19.38, 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.

Remarks:

	/s/ Jennifer L Karinen, Attorney-in-fact	09/08/2026
	** 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)