PARR Insider Notice: 5,500 Vested Shares Planned for Sale on NYSE
Rhea-AI Filing Summary
Par Pacific Holdings, Inc. (PARR) filed a Form 144 to report a proposed sale of 5,500 common shares with an aggregate market value of $193,107.57. The shares represent part of the company stock awards that vested between February 21, 2023 and February 19, 2025, acquired by vesting from Par Pacific Holdings, Inc., and paid as compensatory consideration. The broker listed is Merrill Lynch, 3455 Peachtree Road NE, Atlanta, GA and the approximate sale date is 09/02/2025 on the NYSE. The filing notes no securities sold in the past three months.
Positive
- Full disclosure of acquisition details: acquisition dates and nature (vesting of stock awards) are listed for all 5,500 shares
- Broker and exchange specified: Merrill Lynch and NYSE noted, supporting orderly execution
Negative
- No seller identity disclosed beyond required form fields, so investor-level context on intent is limited
- Small size relative to outstanding shares implies immaterial impact, offering limited investor relevance
Insights
TL;DR Routine officer/insider sale notice: 5,500 vested shares, $193k value, scheduled for sale on 09/02/2025 via Merrill Lynch.
The Form 144 documents a proposed off-exchange sale under Rule 144 of 5,500 common shares that were acquired through vesting of stock awards between 2023 and 2025 and were paid as compensatory consideration. The filing identifies the broker and the exchange but does not disclose the seller's identity beyond the required "person for whose account" fields. There are no reported sales in the prior three months, which is consistent with a planned discrete disposition rather than ongoing programmatic selling. Impact on earnings or capital structure is immaterial given the small size relative to the 50,814,687 shares outstanding.
TL;DR Compliance disclosure appears routine: vested equity being sold under Rule 144 with required broker and vesting details.
The filing provides acquisition dates, nature of acquisition as "vesting of a stock award," and indicates compensatory payment, satisfying disclosure expectations for insider transactions. The filing includes the broker and an approximate sale date. There is no indication of material undisclosed information; the signature/representation language is included as required. From a governance perspective this is a standard insider liquidity event with no governance red flags disclosed in the notice itself.