Form 4: PARR Director Sells Shares Under 10b5-1 Plan

PAR Pacific Holdings Director Timothy Clossey sold 6,103 shares of common stock for a weighted average price of $54.06.

Summary

• Timothy Clossey, a Director of PAR PACIFIC HOLDINGS, INC. (PARR), reported a sale of common stock.
• The transaction involved the disposition of 6,103 shares of common stock.
• The shares were sold on March 13, 2026, at a weighted average price of $54.06 per share.
• The sales occurred in multiple transactions with prices ranging from $54.01 to $54.09.
• Following this transaction, Timothy Clossey beneficially owns 75,077 shares of common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale by a director, while notable, was executed under a pre-arranged 10b5-1 plan and represents a relatively small portion of their total holdings, suggesting it is a routine liquidity event rather than a signal of significant change in company prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those executed under a Rule 10b5-1 plan, are common and often pre-scheduled, indicating a planned divestment rather than a reaction to immediate company news. Such sales are routinely monitored by investors for insights into management's sentiment, though a single transaction of this size by a director with substantial remaining holdings is typically not a major market mover.

Stakeholder Impact

• Shareholders: The sale of a relatively small number of shares by a director under a 10b5-1 plan is unlikely to have a significant direct impact on existing shareholders or the company's stock price.

Key Dates

Recommendation

This Form 4 reports a routine insider sale by a director, which does not inherently signal a significant change in company fundamentals or outlook. The transaction was executed under a 10b5-1 plan, suggesting it was pre-scheduled rather than a reaction to new information. Given the relatively small percentage of the director's total holdings sold, it is unlikely to have a material impact on investor sentiment or the stock's valuation, warranting a 'hold' recommendation.

Keywords

PARR, insider trading, Form 4, stock sale, director, Timothy Clossey, PAR Pacific Holdings, 10b5-1 plan