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

Rhea-AI Filing Summary

Insider grant recorded: Director Timothy Clossey was granted 728 restricted shares of common stock of Par Pacific Holdings, Inc. (PARR) on 10/05/2025 at a reported price of $34.32 per share. After the grant, he beneficially owns 84,728 shares in total. The filing states the restricted shares will vest in full and be delivered on 10/05/2026. The Form 4 is signed and dated 10/07/2025.

This report records a non-derivative award to a director with a one-year vesting/delivery schedule; no options, sales, or other dispositions are disclosed. All details are limited to the grant, resulting ownership, and the vesting date.

Positive

• Alignment with shareholders: Director awarded 728 restricted shares that vest in one year, aligning incentives
• Modest grant size: The award appears small relative to total beneficial ownership (84,728 shares), limiting dilution

Negative

• None.

Insights

Corporate Governance Analyst

Director received a one-year restricted-share grant, modest relative to holdings.

The grant of 728 restricted shares at $34.32 increases the reporting person’s beneficial holdings to 84,728 shares and vests on 10/05/2026. Such awards are commonly used to align director interests with shareholders without immediate sale pressure.

Key dependencies include continued service through the vesting date and any forfeiture conditions not detailed here. Investors may note the single-year cliff delivery and track beneficial ownership changes near the vesting date (10/05/2026) for potential further transactions.

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^*

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)
10/05/2025

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	10/05/2025		A		728(1)	A	$34.32	84,728	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 October 5, 2026.

	/s/ Timothy Clossey	10/07/2025
	** 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 PARR director Timothy Clossey receive according to the Form 4?

Timothy Clossey received a grant of 728 restricted shares of Par Pacific Holdings common stock at $34.32 per share.

When will the restricted shares vest and be delivered for PARR (symbol PARR)?

The restricted shares will vest in full and be delivered on 10/05/2026.

How many PARR shares does Timothy Clossey beneficially own after the reported transaction?

Following the transaction, he beneficially owns 84,728 shares.

Does the Form 4 report any sales or option exercises by the director?

No. The filing reports only a non-derivative grant of restricted stock; no dispositions or derivative transactions are disclosed.

When was the Form 4 filed and signed for the PARR transaction?

The Form 4 shows the transaction date as 10/05/2025 and is signed on 10/07/2025.