Capital Research Reports 2.76M-Share, 6.8% Position in PAR Technology

Rhea-AI Filing Summary

PAR Technology's Schedule 13G/A shows Capital Research Global Investors is deemed the beneficial owner of 2,760,165 shares of PAR common stock, representing 6.8% of the approximately 40,497,502 shares believed outstanding. The filer reports sole voting and sole dispositive power over these shares and states the position is held by divisions and affiliates of Capital Research and Management Company. The filing notes the stake is held on behalf of, among others, SMALLCAP World Fund, Inc. and certifies the securities were acquired and are held in the ordinary course of business and not to influence control of the issuer.

Positive

• Material institutional ownership: The filer reports 2,760,165 shares, representing 6.8% of the class, exceeding the 5% reporting threshold.
• Sole voting and dispositive power: The filing explicitly states the filer has sole authority to vote and dispose of the reported shares.
• Disclosure of beneficiaries: The filing identifies that the position is held on behalf of entities including SMALLCAP World Fund, Inc., improving transparency.

Negative

• None.

Insights

Financial Analyst

TL;DR: An institutional passive stake of 6.8% is material to ownership but the filer disclaims any intent to influence control.

The reported 2,760,165-share position equals a meaningful institutional holding and exceeds the 5% reporting threshold, making it a material ownership disclosure for PAR. Because the form is a Schedule 13G and the filing explicitly states the position is held in the ordinary course and not to influence control, this is consistent with a passive, investment-oriented stake rather than an activist approach. Investors should treat this as increased institutional ownership without immediate governance implications unless future amendments convert to a 13D or show increased voting coordination.

Corporate Governance Expert

TL;DR: Filing signals passive ownership with sole voting and dispositive power declared; transparency reduces near-term governance risk.

The Schedule 13G/A identifies Capital Research Global Investors and related management entities as the beneficial owner and documents sole voting and sole dispositive power over the shares, which is important for clarity on who can vote the position. The statement that holdings were not acquired to influence control is a standard certification for a 13G, lowering immediate takeover or coordination concerns. This disclosure is material for governance mapping but rates as neutral impact absent additional activist filings or coordination disclosures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

PAR Technology Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

698884103

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 698884103

1

Names of Reporting Persons

Capital Research Global Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,760,165.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,760,165.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,760,165.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PAR Technology Corp.
(b)	Address of issuer's principal executive offices: PAR Technology Park, 8383 Seneca Turnpik, New Hartford, NY 13413-4991
Item 2.
(a)	Name of person filing: Capital Research Global Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 698884103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,760,165 ** **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 2,760,165 shares or 6.8% of the 40,497,502 shares believed to be outstanding.
(b)	Percent of class: 6.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,760,165
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,760,165
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. SMALLCAP World Fund, Inc.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	08/05/2025

FAQ

How many PAR (PAR) shares does Capital Research Global Investors report owning?

The filing reports ownership of 2,760,165 shares of PAR common stock.

What percentage of PAR does Capital Research Global Investors own?

Capital Research Global Investors reports owning 6.8% of the class, based on ~40,497,502 shares believed outstanding.

Does the filer have voting or dispositive power over the reported PAR shares?

Yes. The filer reports sole voting power and sole dispositive power over the 2,760,165 shares.

Is the stake held on behalf of another fund or client?

Yes. The filing notes the position is held on behalf of investment management entities and specifically references SMALLCAP World Fund, Inc.

Was the stake acquired to influence control of PAR?

No. The filer certifies the securities were acquired and are held in the ordinary course of business and were not acquired to influence control of the issuer.