[Form 4] PAR TECHNOLOGY CORP Insider Trading Activity

Rhea-AI Filing Summary

PAR Technology Corp’s Chief Accounting Officer, Michael Anthony Steenberge, reported automatic stock sales to cover taxes on vested equity awards. On March 3 and 4, he sold a total of 2,924 shares of common stock in open‑market transactions under the company’s mandatory “sell‑to‑cover” policy.

These sales were executed pursuant to a Rule 10b5‑1 trading plan and are described as non‑discretionary tax‑withholding transactions, not elective trades. After these sales, he directly owned 25,587 shares of PAR common stock, which include shares previously acquired through the company’s employee stock purchase plan.

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

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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 NY 13413

(City) (State) (Zip)

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 Accounting Officer

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

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

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

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

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	03/03/2026		S		2,342(1)	D	$17.49(2)	26,439(3)	D
Common Stock	03/04/2026		S		582(1)	D	$18.27(4)	25,587	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 March 3, 2023, February 29, 2024, and March 5, 2025. 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 $17.42 to $17.61 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 157 shares acquired under the Company's Employee Stock Purchase Plan on May 31, 2025 and 195 shares acquired under the Company's Employee Stock Purchase Plan on November 30, 2025.

4. The sales price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.44 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	03/05/2026
	** 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.

FAQ

What insider transaction did PAR (PAR) disclose in this Form 4?

PAR disclosed that Chief Accounting Officer Michael Anthony Steenberge sold 2,924 shares of common stock in two open‑market transactions. These sales were made solely to cover tax withholding obligations related to the vesting and settlement of previously granted restricted stock units.

Were the PAR (PAR) insider stock sales discretionary trades?

No. The filing states the sales were required to cover tax withholding obligations on vested restricted stock units and occurred under the company’s mandatory, automatic “sell‑to‑cover” policy. They were executed pursuant to a Rule 10b5‑1 trading plan, and do not represent discretionary trades.

How many PAR (PAR) shares did the officer sell and at what prices?

The officer sold 2,924 common shares in total. One group of shares was sold at a weighted average price of $17.49 with a range from $17.42 to $17.61, and another at a weighted average of $18.27 with a range from $18.00 to $18.44.

How many PAR (PAR) shares does the reporting officer own after these sales?

After the reported tax‑related sales, the Chief Accounting Officer directly owns 25,587 shares of PAR common stock. This total includes shares acquired through the company’s Employee Stock Purchase Plan on specified past dates referenced in the filing’s footnotes.

Why were PAR (PAR) restricted stock units mentioned in the Form 4 footnotes?

The footnotes explain that the shares sold were tied to the vesting and settlement of restricted stock units granted on several prior grant dates. The resulting tax obligations triggered the automatic “sell‑to‑cover” transactions reported in this Form 4 filing.