[Form 4] PAR PACIFIC HOLDINGS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Insider sale reported: Director Timothy Clossey sold 2,000 shares of Par Pacific Holdings, Inc. (PARR) on 09/15/2025 at approximately $33.365 per share, reducing his direct beneficial ownership to 84,000 shares. The Form 4 indicates the filing was completed by one reporting person and is signed on 09/16/2025. No derivative transactions or other securities classes are reported. The filing supplies the seller's address and relationship to the issuer as a director. This Form 4 discloses a routine sale and provides the specific shares, sale price, and post-transaction ownership figures as required by Section 16 reporting rules.

Insights

Financial Analyst

TL;DR: A director sold 2,000 shares at $33.365, leaving 84,000 shares; transaction appears routine and purely disclosure-oriented.

The Form 4 reports a straightforward open-market sale by Director Timothy Clossey on 09/15/2025 of 2,000 common shares at $33.365 per share. Post-transaction direct ownership is 84,000 shares. There are no derivative transactions or additional compensatory grants disclosed. From a financial perspective, this filing supplies precise execution price and holding updates necessary for transparency but contains no operational or financial performance information about the company itself.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 reporting; sale by a director is documented and signed, implying adherence to reporting rules.

The Form 4 shows timely disclosure (signature dated 09/16/2025) of a director's sale of 2,000 shares on 09/15/2025. The report identifies the reporting person, relationship to the issuer, and post-sale beneficial ownership. There is no indication of a Rule 10b5-1 plan or other arrangements in the form text. The filing meets basic governance transparency requirements but does not indicate any material governance event beyond the reported 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
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)
09/15/2025

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	09/15/2025		S		2,000(1)	D	$33.37	84,000	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. These shares of common stock were sold at the price of $33.365.

	/s/ Timothy Clossey	09/16/2025
	** 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 Timothy Clossey report for PARR?

He reported the sale of 2,000 shares of Par Pacific Holdings (PARR) on 09/15/2025 at approximately $33.365 per share.

How many PARR shares does Timothy Clossey own after the sale?

The Form 4 reports 84,000 shares of common stock beneficially owned by Mr. Clossey following the reported transaction.

Was the Form 4 filed jointly or by a single person?

The filing indicates the Form was filed by one reporting person and is signed by Timothy Clossey on 09/16/2025.

Does the filing report any derivative transactions or option exercises?

No. Table II for derivative securities shows no entries; only a non-derivative sale of common stock is reported.

Does the Form 4 state the sale was pursuant to a 10b5-1 plan?

The form does not indicate that the transaction was made pursuant to a Rule 10b5-1 plan in the provided text.