PAR Technology (NYSE: PAR) CLO reports automatic sell-to-cover stock sales

Rhea-AI Filing Summary

PAR Technology Corp chief legal officer and corporate secretary Cathy A. King reported automatic sales of common stock to cover taxes on vested restricted stock units. On March 3, 2026, she sold 6,109 shares at a weighted average price of $17.49, in multiple trades between $17.42 and $17.61. On March 4, 2026, she sold 1,517 shares at a weighted average price of $18.27, with trade prices between $18.00 and $18.44. The company states these sales were required under its mandatory, automatic “sell-to-cover” policy in a Rule 10b5-1 plan adopted on June 3, 2025, and were not discretionary trades. After these transactions, she directly owns 56,626 shares of PAR common stock.

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^*

KING CATHY A

(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)
	CLO & Corporate Secretary

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		6,109(1)	D	$17.49(2)	58,143	D
Common Stock	03/04/2026		S		1,517(1)	D	$18.27(3)	56,626	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. 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 transactions did PAR (PAR) report for Cathy A. King?

PAR reported that Cathy A. King sold 7,626 shares of common stock in total. The sales occurred on March 3 and March 4, 2026, as automatic transactions to cover tax withholding obligations tied to vesting restricted stock units.

Were Cathy A. King’s PAR (PAR) stock sales discretionary trades?

The sales were not discretionary trades by Cathy A. King. They were required under PAR’s mandatory, automatic “sell-to-cover” policy within a Rule 10b5-1 plan, executed solely to satisfy tax withholding obligations from vesting restricted stock units granted in 2023, 2024, and 2025.

How many PAR (PAR) shares did Cathy A. King sell and at what prices?

She sold 6,109 shares at a weighted average price of $17.49 on March 3, 2026, and 1,517 shares at a weighted average price of $18.27 on March 4, 2026. Each day’s sales were executed across multiple trades within the disclosed price ranges.

What price ranges applied to Cathy A. King’s PAR (PAR) stock sales?

On March 3, 2026, sales occurred between $17.42 and $17.61 per share. On March 4, 2026, sales occurred between $18.00 and $18.44 per share. Reported prices are weighted averages, with detailed breakdowns available upon request from the company or the reporting person.

How many PAR (PAR) shares does Cathy A. King own after these sales?

Following the reported sell-to-cover transactions, Cathy A. King directly owns 56,626 shares of PAR common stock. This post-transaction holding reflects her remaining equity stake after selling shares solely to meet tax withholding obligations related to vested restricted stock units.

Why did PAR (PAR) sell shares for Cathy A. King under a Rule 10b5-1 plan?

The company used a Rule 10b5-1 trading plan to implement its mandatory, automatic sell-to-cover policy. Under this plan, shares are sold when restricted stock units vest, ensuring taxes are withheld in a structured, pre-established manner rather than through discretionary market sales by the executive.