Voss Capital group buys 350K PAR Technology shares
Voss Capital-managed accounts and affiliated funds reported significant open‑market purchases of PAR Technology common stock.
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Rhea-AI Filing Summary
Voss Capital-managed accounts and affiliated funds reported significant open‑market purchases of PAR Technology common stock. On June 11–12, 2026, managed accounts of Voss Capital, LP bought a total of 350,000 shares of PAR Technology common stock in multiple open‑market transactions at prices between $14.01 and $14.98 per share.
The filing is made 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 as a group that collectively beneficially owns over 10% of PAR’s outstanding common stock, with each reporting person disclaiming beneficial ownership beyond its pecuniary interest. As of June 11, 2026, Voss Value Master Fund directly held 925,000 shares, Voss Value‑Oriented Special Situations Fund directly held 150,000 shares, and Voss Capital-managed accounts also held call options over 46,400 underlying shares with a $25.00 exercise price expiring on July 17, 2026.
Insights
Voss Capital-led group increased its PAR stake with 350,000-share open-market buying.
The filing shows managed accounts of Voss Capital, LP executing a series of open‑market purchases totaling 350,000 PAR Technology shares across June 11–12, 2026. Reported purchase prices range from about $14.01 to $14.98 per share, indicating active accumulation rather than derivative exercises or routine grants.
The reporting persons file jointly as a group that beneficially owns over 10% of PAR’s outstanding common stock, but each disclaims beneficial ownership beyond its pecuniary interest. The filing also lists existing long exposure via 925,000 shares in Voss Value Master Fund, 150,000 shares in Voss Value‑Oriented Special Situations Fund, and call options on 46,400 shares at a $25.00 strike expiring on July 17, 2026. Overall, this is a net‑buy pattern by a significant shareholder, without any disclosed sales or 10b5‑1 trading plan context.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, $0.02 par value | 60,012 | $14.9007 | $894K |
| Purchase | Common Stock, $0.02 par value | 6,429 | $14.3449 | $92K |
| Purchase | Common Stock, $0.02 par value | 523 | $14.9766 | $8K |
| Purchase | Common Stock, $0.02 par value | 64,013 | $14.9007 | $954K |
| Purchase | Common Stock, $0.02 par value | 16,004 | $14.9007 | $238K |
| Purchase | Common Stock, $0.02 par value | 6,857 | $14.3449 | $98K |
| Purchase | Common Stock, $0.02 par value | 1,714 | $14.3449 | $25K |
| Purchase | Common Stock, $0.02 par value | 558 | $14.9766 | $8K |
| Purchase | Common Stock, $0.02 par value | 139 | $14.9766 | $2K |
| Purchase | Common Stock, $0.02 par value | 22,260 | $14.4457 | $322K |
| Purchase | Common Stock, $0.02 par value | 23,745 | $14.4457 | $343K |
| Purchase | Common Stock, $0.02 par value | 5,936 | $14.4457 | $86K |
| Purchase | Common Stock, $0.02 par value | 21,429 | $14.0128 | $300K |
| Purchase | Common Stock, $0.02 par value | 22,857 | $14.0128 | $320K |
| Purchase | Common Stock, $0.02 par value | 5,714 | $14.0128 | $80K |
| Purchase | Common Stock, $0.02 par value | 39,347 | $14.0488 | $553K |
| Purchase | Common Stock, $0.02 par value | 41,970 | $14.0488 | $590K |
| Purchase | Common Stock, $0.02 par value | 10,493 | $14.0488 | $147K |
| holding | Call Option (right to buy) | -- | -- | -- |
| holding | Common Stock, $0.02 par value | -- | -- | -- |
| holding | Common Stock, $0.02 par value | -- | -- | -- |
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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 held in 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.
- F5. Such call options were immediately exercisable upon their acquisition.
Key Figures
Key Terms
open-market purchase financial
beneficially owns over 10% regulatory
Section 13(d) regulatory
pecuniary interest financial
call options financial
separately managed accounts financial
FAQ
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