Par Pacific (PARR) Form 4: CFO reduces stake to 39,089 shares after sale

Rhea-AI Filing Summary

Shawn David Flores, Senior Vice President and Chief Financial Officer of Par Pacific Holdings, Inc. (PARR), reported an open-market sale of common stock on 09/02/2025. The filing shows 8,062 shares sold at a weighted average price of $34.50 per share (individual sale prices ranged from $34.47 to $34.57). After the transactions, Mr. Flores beneficially owned 39,089 shares of Par Pacific common stock. The Form 4 identifies the sale as a direct transaction by an officer who is also a director, and the filer offers to provide detailed per-price sale breakdowns to the company or the SEC upon request.

Positive

• Transaction disclosed promptly and transparently with price-range footnote and willingness to provide per-price details
• Reporting person retains 39,089 shares after the sale, maintaining continued ownership stake

Negative

• Sale reduced insider holdings by 8,062 shares, which may be viewed as insider liquidity
• No Rule 10b5-1 plan disclosure is provided in this Form 4 to indicate preplanned sales

Insights

Securities Analyst

TL;DR: Officer sale of 8,062 shares at $34.50, leaving 39,089 shares; routine insider liquidity rather than a governance or credit event.

As CFO and a director, Mr. Flores executed a direct sale that reduced his stake but left a meaningful residual holding. The transaction was executed across multiple prices within a narrow band, indicating routine disposition rather than a single-block trade. There is no accompanying information in the filing suggesting this was part of a Rule 10b5-1 plan or related to company-specific news. For investors, this represents insider liquidity but not an explicit signal of material adverse information disclosed in this Form 4.

Corporate Governance Expert

TL;DR: Insider sale by an officer/director disclosed properly; no governance red flags shown in this filing.

The Form 4 meets Section 16 reporting requirements and includes the price range footnote and an undertaking to provide per-price details on request. Reporting is transparent: the officer signed the form and disclosed officer status. Absent other filings or contextual disclosures, this transaction appears compliant and routine from a governance perspective, with no indication of undisclosed related-party arrangements or unusual timing disclosed within this document.

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
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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).

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^*

Flores Shawn David

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		S		8,062(1)	D	$34.5	39,089	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 price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $34.47 to $34.57, inclusive. The reporting person undertakes to provide to Par Pacific Holdings, Inc. 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:

Senior Vice President - Chief Financial Officer

	/s/ Shawn Flores	09/04/2025
	** 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

What did Shawn Flores (PARR) report on Form 4?

The filing reports a direct sale of 8,062 common shares on 09/02/2025 at a weighted average price of $34.50, leaving 39,089 shares beneficially owned.

How was the sale priced in the Form 4 for PARR insider activity?

The sale was reported at a weighted average price of $34.50, with individual trades ranging from $34.47 to $34.57.

What is Shawn Flores’ role at Par Pacific (PARR)?

The Form 4 lists Shawn David Flores as Senior Vice President - Chief Financial Officer and indicates officer status and director relationship to the issuer.

Does the Form 4 indicate the sale was under a 10b5-1 plan?

The Form 4 does not indicate that the transactions were made pursuant to a Rule 10b5-1 trading plan; no such plan disclosure appears in this filing.

Will more detailed pricing information be available?

Yes. The filer states they will provide the number of shares sold at each separate price within the reported range to Par Pacific or the SEC upon request.