Par Pacific (PARR) director Aaron Zell receives grant of 470 RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Zell Aaron reported acquisition or exercise transactions in this Form 4 filing.

PAR PACIFIC HOLDINGS, INC. director Aaron Zell reported a compensation-related equity grant. He received 470 restricted stock units (RSUs), each representing a contingent right to receive one share of common stock. These RSUs vest in full on July 5, 2027 and the vested shares will be delivered after his termination of service. Following this grant, his reported RSU holdings from this award total 470 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zell Aaron

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted stock units	470	$0.00	--

Holdings After Transaction: Restricted stock units — 470 shares (Direct, null)

Footnotes (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 July 5, 2027. Vested shares will be delivered to the reporting person following termination of service.

Key Figures

RSUs granted: 470 units Underlying shares: 470 shares Grant date: July 5, 2026 +3 more

6 metrics

RSUs granted 470 units Restricted stock units granted to director Aaron Zell

Underlying shares 470 shares Common stock underlying the granted RSUs

Grant date July 5, 2026 Transaction date for RSU award

Vesting date July 5, 2027 RSUs vest in full on this date

Post-transaction RSUs 470 units Total RSUs held from this award after the transaction

Exercise price $0.00 per unit Conversion or exercise price for the RSUs

Key Terms

Restricted stock units, contingent right, vest, termination of service

4 terms

Restricted stock units financial

"security_title: "Restricted stock units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

vest financial

"The restricted stock unit will vest in full on July 5, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

termination of service financial

"Vested shares will be delivered to the reporting person following termination of service."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/07/2026 - 07:23 AM Accepted by SEC EDGAR 07/07/2026 - 07:22 AM

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

TEXAS

77024

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted stock units	⁽¹⁾	07/05/2026		A		470		⁽²⁾	⁽²⁾	Common stock	470	$0	470	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 July 5, 2027. Vested shares will be delivered to the reporting person following termination of service.

	/s/ Aaron Zell	07/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did PAR Pacific (PARR) director Aaron Zell report in this Form 4?

Director Aaron Zell reported receiving 470 restricted stock units as equity compensation. Each RSU represents a right to one share of PAR Pacific common stock, subject to vesting and later delivery after his service with the company ends.

How many restricted stock units were granted to Aaron Zell at PAR Pacific (PARR)?

Aaron Zell was granted 470 restricted stock units. Each unit entitles him to receive one share of PAR Pacific common stock once the vesting conditions are met and the shares are ultimately delivered after his service terminates.

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

Aaron Zell’s 470 restricted stock units vest in full on July 5, 2027. Once vested, the underlying common shares will be delivered to him following the termination of his service with PAR Pacific, according to the award terms disclosed.

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

Each restricted stock unit represents a contingent right to receive one share of PAR Pacific common stock. The units only convert into actual shares after vesting and subsequent delivery, which occurs following termination of Zell’s service with the company.

Is Aaron Zell’s Form 4 transaction a market buy or sell of PAR Pacific (PARR) shares?

The Form 4 reflects a grant of 470 restricted stock units, not a market purchase or sale. It is a compensation-related award, giving Zell a future right to receive common shares rather than an immediate open-market trade.