Par Pacific Holdings (PARR) director reports grant of 671 RSUs

Rhea-AI Filing Summary

Par Pacific Holdings director Aaron Zell reported a new equity award. On January 5, 2026, he received 671 restricted stock units at a price of $0 per unit. Each unit represents a right to receive one share of Par Pacific common stock.

The 671 restricted stock units will vest in full on January 5, 2027. According to the disclosure, the vested shares will be delivered to Aaron Zell after his termination of service, so the award is both time-based and tied to his service as a director. Following this grant, he beneficially owns 671 derivative securities directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zell Aaron

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted stock units	671	$0.00	--

Holdings After Transaction: Restricted stock units — 671 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock unit will vest in full on January 5, 2027. Vested shares will be delivered to the reporting person following termination of service.

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Zell Aaron

(Last) (First) (Middle)

825 TOWN AND COUNTRY LANE

SUITE 1500

(Street)

HOUSTON TX 77024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PAR PACIFIC HOLDINGS, INC. [ PARR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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

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
Restricted stock units	(1)	01/05/2026		A		671		(2)	(2)	Common stock	671	$0	671	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock.

2. The restricted stock unit will vest in full on January 5, 2027. Vested shares will be delivered to the reporting person following termination of service.

	/s/ Aaron Zell	01/07/2026
	** 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 transaction did Par Pacific Holdings (PARR) report for Aaron Zell?

Par Pacific Holdings reported that director Aaron Zell received an award of 671 restricted stock units on January 5, 2026. Each unit represents a contingent right to receive one share of the company’s common stock.

How many Par Pacific (PARR) restricted stock units were granted and at what price?

On January 5, 2026, 671 restricted stock units were granted to director Aaron Zell at a stated price of $0 per unit, as shown in the Form 4 derivative securities table.

When do Aaron Zell’s Par Pacific (PARR) restricted stock units vest?

The filing states that the restricted stock units will vest in full on January 5, 2027. After vesting, the resulting shares of common stock will be delivered to Aaron Zell following his termination of service.

What does each Par Pacific (PARR) restricted stock unit represent for Aaron Zell?

Each restricted stock unit granted to Aaron Zell represents a contingent right to receive one share of Par Pacific common stock, as explained in the footnotes to the Form 4.

How many derivative securities does Aaron Zell beneficially own after this Par Pacific (PARR) grant?

After the reported transaction, the Form 4 shows that Aaron Zell beneficially owns 671 derivative securities, all held directly in the form of restricted stock units.

What is Aaron Zell’s relationship to Par Pacific Holdings (PARR)?

The report identifies Aaron Zell as a director of Par Pacific Holdings, Inc. He is not listed as an officer or 10% owner in this filing.