Par Pacific (PARR) SVP Terrill Pitkin buys 196 shares via ESPP

Rhea-AI Filing Summary

Par Pacific Holdings, Inc. executive Terrill Pitkin, SVP, Planning & Commercial, reported acquiring additional company stock through an employee benefit program. On 12/31/2025, Pitkin acquired 196 shares of Par Pacific common stock at a price of $29.87 per share, as shown in Table I of the Form 4. After this transaction, Pitkin beneficially owns 41,419 shares of Par Pacific common stock in direct ownership.

The filing notes that these shares were acquired under the company's Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c), indicating this was a routine, plan-based purchase rather than an open-market trade.

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^*

Pitkin Terrill

(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)
	SVP, Planning & Commercial

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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	12/31/2025		A(1)		196(1)	A	$29.87	41,419	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 were acquired under the Company's Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).

	/s/ Terrill Pitkin	01/05/2026
	** 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.

FAQ

What insider transaction did Par Pacific Holdings (PARR) report for Terrill Pitkin?

The company reported that SVP, Planning & Commercial Terrill Pitkin acquired 196 shares of Par Pacific common stock on 12/31/2025 through an employee plan.

At what price were the Par Pacific (PARR) shares acquired by Terrill Pitkin?

The Form 4 shows that the 196 shares of Par Pacific common stock were acquired at a price of $29.87 per share.

How many Par Pacific (PARR) shares does Terrill Pitkin own after this transaction?

Following the reported transaction, Terrill Pitkin beneficially owns 41,419 shares of Par Pacific common stock in direct ownership.

Was the Par Pacific (PARR) insider transaction part of an employee stock plan?

Yes. The filing explains that the 196 shares were acquired under the company's Employee Stock Purchase Plan.

What exemption applies to Terrill Pitkin’s Par Pacific (PARR) share acquisition?

The transaction is described as exempt under Rule 16b-3(d) and Rule 16b-3(c), which cover certain plan-based acquisitions by insiders.

What is Terrill Pitkin’s role at Par Pacific Holdings (PARR)?

Terrill Pitkin is an officer of Par Pacific Holdings, serving as SVP, Planning & Commercial, according to the Form 4.