Tax-driven stock sales by PAR Technology (NYSE: PAR) CFO Bryan Menar

Rhea-AI Filing Summary

PAR Technology Corporation Chief Financial Officer Bryan A. Menar reported two open-market sales of common stock tied to equity award vesting. On March 3, 2026, he sold 6,588 shares at a weighted average price of $17.49 per share. On March 4, 2026, he sold an additional 1,636 shares at a weighted average price of $18.27 per share, for a total of 8,224 shares sold.

According to the disclosure, these sales were required to cover tax withholding obligations from the vesting and settlement of restricted stock units granted in 2023, 2024, and 2025, under the company’s mandatory, automatic “sell-to-cover” policy implemented in a Rule 10b5-1 plan. The filing states they do not represent discretionary trades by the CFO. After these transactions, Menar directly holds 63,257 shares of PAR Technology 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

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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^*

MENAR BRYAN 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)
	Chief Financial 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		6,588(1)	D	$17.49(2)	64,893	D
Common Stock	03/04/2026		S		1,636(1)	D	$18.27(3)	63,257	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 share sales did PAR (PAR) CFO Bryan Menar report?

Bryan Menar reported selling a total of 8,224 PAR common shares in early March 2026. He sold 6,588 shares at $17.49 and 1,636 shares at $18.27, both as open-market transactions disclosed on Form 4.

Why did PAR (PAR) CFO Bryan Menar sell 8,224 shares of company stock?

The sales were made to cover tax withholding obligations from vesting restricted stock units. The company uses a mandatory, automatic sell-to-cover policy under a Rule 10b5-1 plan, so these transactions were executed to satisfy taxes on equity compensation.

Were the recent PAR (PAR) stock sales by CFO Bryan Menar discretionary?

The Form 4 explicitly states the sales do not represent discretionary trades by Bryan Menar. They occurred under the company’s mandatory, automatic sell-to-cover policy implemented in a Rule 10b5-1 plan, solely to meet tax withholding requirements on restricted stock unit vesting.

How many PAR (PAR) shares does CFO Bryan Menar own after these Form 4 sales?

After completing the reported transactions, Bryan Menar directly owns 63,257 shares of PAR Technology common stock. This figure reflects his remaining direct holdings following the tax-related sale of 8,224 shares disclosed in the March 2026 Form 4 filing.

What were the sale prices for PAR (PAR) shares sold by CFO Bryan Menar?

The filing lists weighted average prices for each trade date. On March 3, 2026, shares sold at an average of $17.49, within a disclosed range. On March 4, 2026, shares sold at an average of $18.27, also within a specified intraday price range.

What equity awards triggered the PAR (PAR) CFO’s sell-to-cover stock sales?

The tax-driven sales related to vesting and settlement of restricted stock units granted on March 3, 2023, February 29, 2024, and March 5, 2025. When these RSUs vested, shares were sold automatically to satisfy associated tax withholding obligations.