Form 4: PAR Technology Director Sells 4,500 Shares
SEC Form 4 Filing
Douglas Gregory Rauch, a director at PAR Technology Corporation, sold 4,500 shares of common stock at a price of $42.04 on March 14, 2024.
Summary
- On March 14, 2024, Douglas Gregory Rauch, a director of PAR Technology Corporation, sold 4,500 shares of the company's common stock.
- The sale price was $42.04 per share.
- Following the transaction, Rauch directly owns 14,365 shares of PAR Technology Corporation.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a director's stock sale. It doesn't inherently convey positive or negative sentiment, but the market may interpret insider sales in various ways.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and are publicly available to provide transparency into their transactions. The sale could be for personal financial management reasons and may not necessarily reflect a negative outlook on the company.
Stakeholder Impact
- Shareholders may react to the news of a director selling shares, although the impact is likely to be minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: Director Douglas Gregory Rauch sold 4,500 shares of PAR Technology Corp common stock. |
| 03/15/2024 | Date of signature by Cathy A. King, Attorney-in-Fact. |
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