[Form 4] Par Pacific Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Compass, Inc. (COMP) – Form 4 insider activity for General Counsel & Secretary Bradley K. Serwin

On 07/03/2025 Mr. Serwin converted previously granted RSUs into 87,831 Class A shares (transaction code “M”). To meet payroll-tax obligations, 44,603 shares were withheld by the company at $6.42 per share (code “F”). The net effect is an increase of 43,228 shares, bringing his direct ownership to 278,350 shares.

The conversion relates to scheduled vesting; no open-market purchase or discretionary sale occurred. Four RSU awards remain outstanding, totaling 405,177 units with vesting dates spanning June 2025–March 2029.

The filing reflects routine equity compensation mechanics and does not signal a directional view on Compass’s fundamentals.

Positive

• Net increase of 43,228 Class A shares in insider’s direct holdings, suggesting continued equity alignment with shareholders.

Negative

• 44,603 shares disposed (withheld) to cover taxes, slightly increasing float but routine and non-discretionary.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; net ownership up 43k shares, tax-withholding only sale—impact neutral.

The Form 4 shows automatic conversion of RSUs, increasing Mr. Serwin’s equity stake without cash outlay. The only disposition was company-withheld shares to satisfy taxes, a common administrative action. Remaining RSU balances continue to provide long-term equity incentives aligned with service tenure. Because there was no elective sale, the market should view the filing as neutral; it neither signals confidence (buy) nor concern (sale). Overall impact on share supply, sentiment, and valuation is negligible.

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^*

Clossey Timothy

(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)
07/05/2025

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	07/05/2025		A		795(1)	A	$31.45	86,000	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. Represents a grant of restricted stock received by the reporting person. The shares will vest in full and be delivered on July 5, 2026.

	/s/ Timothy Clossey	07/08/2025
	** 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

How many Compass (COMP) shares did Bradley Serwin acquire?

He acquired 87,831 Class A shares through RSU conversion.

Why were 44,603 COMP shares disposed of?

They were withheld by the issuer to satisfy tax-withholding obligations linked to the RSU vesting.

What is Mr. Serwin’s new direct ownership after the transaction?

He now directly owns 278,350 Class A shares.

Did the insider make any open-market sales or purchases?

No. The Form 4 shows only automatic RSU settlement and tax withholding, not discretionary trades.

How many RSUs does the insider still hold?

Mr. Serwin retains 405,177 RSUs across four awards vesting between 2025 and 2029.