William Pate - 14 Aug 2023 Form 4 Insider Report for PAR PACIFIC HOLDINGS, INC. (PARR)

Role: Chief Executive Officer, Director
Signature: /s/ William Pate
Issuer symbol: PARR
Transactions as of: 14 Aug 2023
Net transactions value: +$1,216,300
Form type: 4
Filing time: 15 Aug 2023, 06:21:22 UTC
Previous filing: 28 Feb 2023
Next filing: 29 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PARR	Common stock	Options Exercise	$5,227,500	+150,000	+33%	$34.85	598,118	14 Aug 2023	Direct	F1
transaction	PARR	Common stock	Sale	$4,011,200	-115,099	-19%	$34.85	483,019	14 Aug 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PARR	Stock option (right to buy)	Options Exercise	$0	+150,000		$0.000000^*	0	14 Aug 2023	Common stock	150,000	$34.85	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $34.50 to $36.38, inclusive, via a cashless hold. The reporting person undertakes to provide to Par Pacific Holdings, Inc. or the staff of the Securities and Exhchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	The option vests in five equal annual installments (each such installment, a "Tranche") beginning on October 12, 2016. The option terminates with respect to each Tranche immediately prior to the fifth anniversary of the vesting of such Tranche.

Content

The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $34.50 to $36.38, inclusive, via a cashless hold. The reporting person undertakes to provide to Par Pacific Holdings, Inc. or the staff of the Securities and Exhchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

The option vests in five equal annual installments (each such installment, a "Tranche") beginning on October 12, 2016. The option terminates with respect to each Tranche immediately prior to the fifth anniversary of the vesting of such Tranche.