Par Pacific director exercises options, surrenders shares

Par Pacific Holdings director William Pate reported multiple stock option exercises and related share dispositions.

Rhea-AI Filing Summary

Par Pacific Holdings director William Pate reported multiple stock option exercises and related share dispositions. On February 27, 2026, he exercised several non-qualified stock options covering blocks of 104,400, 100,355, 158,898, and 326,056 shares of common stock at exercise prices between $14.91 and $19.73 per share.

Corresponding entries show dispositions of the same share amounts of common stock to the company at a reported price of $42.67 per share, characterized as dispositions to the issuer. A footnote explains the company made a cash payment to Mr. Pate based on the shares issued, the New York Stock Exchange closing price on the exercise date, and the option exercise price.

Insider Trade Summary

689,709 shares exercised/converted

Exercise 12 txns

Insider PATE WILLIAM

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option	104,400	$0.00	$0.00
Exercise	Stock Option	100,355	$0.00	$0.00
Exercise	Stock Option	158,898	$0.00	$0.00
Exercise	Stock Option	326,056	$0.00	$0.00
Exercise	Common Stock	104,400	$17.00	$1.77M
Disposition	Common Stock	104,400	$42.67	$4.45M
Exercise	Common Stock	100,355	$19.73	$1.98M
Disposition	Common Stock	100,355	$42.67	$4.28M
Exercise	Common Stock	158,898	$16.52	$2.62M
Disposition	Common Stock	158,898	$42.67	$6.78M
Exercise	Common Stock	326,056	$14.91	$4.86M
Disposition	Common Stock	326,056	$42.67	$13.91M

Holdings After Transaction: Stock Option — 0 contracts (Direct); Common Stock — 499,610 shares (Direct)

Footnotes (5)

1. F1. Represents a non-qualified stock option to purchase 104,400 shares of Par Pacific Holdings, Inc. ("Company") common stock at an exercise price of $17.00 per share granted to Mr. Pate on February 26, 2019, and expiring on February 25, 2027.
2. F2. On February 27, 2026, the Company made a cash payment to the reporting person in an amount equal to (i) the number of shares issued to the reporting person multiplied by (ii) the the closing price of the Company's closing stock price on the New York Stock Exchange on the exercise date less (iii) the amount withheld to pay the exercise price.
3. F3. Represents a non-qualified stock option to purchase 100,355 shares of Company common stock at an exercise price of $19.73 per share granted to Mr. Pate on February 21, 2020, and expiring on February 20, 2028.
4. F4. Represents a non-qualified stock option to purchase 158,898 shares of Company common stock at an exercise price of $16.52 per share granted to Mr. Pate on February 19, 2021, and expiring on February 19, 2029.
5. F5. Represents a non-qualified stock option to purchase 326,056 shares of Company common stock at an exercise price of $14.91 per share granted to Mr. Pate on February 18, 2022, and expiring on February 18, 2030.

FAQ

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What insider transactions did William Pate report for PAR PACIFIC HOLDINGS (PARR)?

William Pate reported exercising several non-qualified stock options and related dispositions of common shares to the issuer. The transactions involved option blocks of 104,400, 100,355, 158,898, and 326,056 shares, all dated February 27, 2026, at exercise prices between $14.91 and $19.73.

Were William Pate’s February 27, 2026 PARR transactions open-market buys or sales?

The filing describes option exercises and dispositions to the issuer, not open-market trades. Common stock entries with code “D” are labeled as dispositions to the company, following option exercises coded “M,” which represent exercises or conversions of derivative securities into common stock.

What exercise prices applied to William Pate’s PARR stock options?

The options exercised carried strike prices of $17.00, $19.73, $16.52, and $14.91 per share. Footnotes state these non-qualified stock options were originally granted between February 2019 and February 2022 and have expiration dates ranging from 2027 through 2030.

How did PAR PACIFIC HOLDINGS compensate William Pate for the exercised options?

A footnote explains the company paid cash equal to shares issued multiplied by the New York Stock Exchange closing price on the exercise date, minus the amount withheld to pay the option exercise price. This describes a cash-settlement mechanism tied to the exercised options.

What role does William Pate hold at PAR PACIFIC HOLDINGS (PARR)?

The filing identifies William Pate as a director of Par Pacific Holdings, Inc. It does not list him as an officer or ten-percent owner, indicating his reportable status in this Form 4 relates specifically to his position on the company’s board of directors.

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Accepted by SEC EDGAR 03/03/2026 - 04:06 PM Learn about SEC filing dates

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^*

PATE WILLIAM

(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)
02/27/2026

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	02/27/2026		M(1)		104,400	A	$17	604,010	D
Common Stock	02/27/2026		D(2)		104,400	D	$42.67	499,610	D
Common Stock	02/27/2026		M(3)		100,355	A	$19.73	599,965	D
Common Stock	02/27/2026		D(2)		100,355	D	$42.67	499,610	D
Common Stock	02/27/2026		M(4)		158,898	A	$16.52	658,508	D
Common Stock	02/27/2026		D(2)		158,898	D	$42.67	499,610	D
Common Stock	02/27/2026		M(5)		326,056	A	$14.91	825,666	D
Common Stock	02/27/2026		D(2)		326,056	D	$42.67	499,610	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
Stock Option	$17	02/27/2026		M(1)			104,400	(1)	02/25/2027(4)	Common Stock	104,400	(1)	0	D
Stock Option	$19.73	02/27/2026		M(3)			100,355	(3)	02/20/2028(4)	Common Stock	100,355	(3)	0	D
Stock Option	$16.52	02/27/2026		M(4)			158,898	(4)	02/19/2029(4)	Common stock	158,898	(4)	0	D
Stock Option	$14.91	02/27/2026		M(5)			326,056	(5)	02/18/2030(4)	Common stock	326,056	(5)	0	D

Explanation of Responses:

1. Represents a non-qualified stock option to purchase 104,400 shares of Par Pacific Holdings, Inc. ("Company") common stock at an exercise price of $17.00 per share granted to Mr. Pate on February 26, 2019, and expiring on February 25, 2027.

2. On February 27, 2026, the Company made a cash payment to the reporting person in an amount equal to (i) the number of shares issued to the reporting person multiplied by (ii) the the closing price of the Company's closing stock price on the New York Stock Exchange on the exercise date less (iii) the amount withheld to pay the exercise price.

3. Represents a non-qualified stock option to purchase 100,355 shares of Company common stock at an exercise price of $19.73 per share granted to Mr. Pate on February 21, 2020, and expiring on February 20, 2028.

4. Represents a non-qualified stock option to purchase 158,898 shares of Company common stock at an exercise price of $16.52 per share granted to Mr. Pate on February 19, 2021, and expiring on February 19, 2029.

5. Represents a non-qualified stock option to purchase 326,056 shares of Company common stock at an exercise price of $14.91 per share granted to Mr. Pate on February 18, 2022, and expiring on February 18, 2030.

	/s/ William Pate	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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