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

Rhea-AI Filing Summary

Ivan Daniel Guerra, Chief Accounting Officer of Par Pacific Holdings, Inc. (PARR), reported a sale of 5,500 shares of the company's common stock on 09/02/2025 at a weighted average price of $35.11. After the reported transaction, Mr. Guerra beneficially owned 17,491 shares directly. The filing states the sale occurred in multiple transactions with prices ranging from $35.11 to $35.12, and the reporting person will provide detailed per-price sale counts to the company or SEC staff upon request. The Form 4 was signed on 09/04/2025.

Positive

• None.

Negative

• Officer sale of 5,500 shares was executed, reducing direct beneficial ownership to 17,491 shares

Insights

Financial Analyst

TL;DR: Officer executed a routine sale of 5,500 shares; remaining direct holding is 17,491 shares.

The reported transaction is a straightforward disposition by the company's Chief Accounting Officer. The sale volume (5,500 shares) and weighted-average price ($35.11) are clearly disclosed; prices ranged narrowly to $35.12, indicating execution across multiple trades at essentially the same price. There is no accompanying information about any planned sale program or the reason for the sale, and no other transactions or derivative holdings are reported.

Corporate Governance Expert

TL;DR: Insider sale disclosed; documentation notes willingness to provide transaction-level details on request.

The Form 4 properly identifies the reporting person, relationship to the issuer, and details of the disposition. The inclusion of a footnote offering to provide per-price sale counts on request is consistent with transparency practices. The filing does not indicate a Rule 10b5-1 plan or any amendment; it appears to be a single reporting-person filing for an ordinary sale.

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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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^*

Guerra Ivan Daniel

(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)
	Chief Accounting Officer

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		5,500(1)	D	$35.11	17,491	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 $35.11 to $35.12, 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.

	/s/ Ivan Guerra	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 transaction did Ivan Daniel Guerra report for PARR?

He reported a sale of 5,500 common shares on 09/02/2025 at a weighted average price of $35.11.

How many PARR shares does the reporting person own after the Form 4 sale?

The Form 4 shows 17,491 shares beneficially owned directly following the reported transaction.

What price range was disclosed for the PARR stock sale?

The filing discloses sales executed at prices ranging from $35.11 to $35.12 and states the reported price is a weighted average.

Did the Form 4 state the sale was made under a 10b5-1 plan?

No. The filing does not indicate the transaction was made pursuant to a Rule 10b5-1(c) plan.

When was the Form 4 signed?

The Form 4 bears the reporting person’s signature dated 09/04/2025.