William Pate - Nov 27, 2023 Form 4 Insider Report for PAR PACIFIC HOLDINGS, INC. (PARR)

Role: Chief Executive Officer, Director
Signature: /s/ William Pate
Stock symbol: PARR
Transactions as of: Nov 27, 2023
Transactions value $: -$2,016,000
Form type: 4
Date filed: 11/29/2023, 03:23 PM
Previous filing: Aug 15, 2023
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PARR	Common stock	Options Exercise	$1.61M	+75K	+15.53%	$21.44	558K	Nov 27, 2023	Direct
transaction	PARR	Common stock	Sale	-$2.63M	-75K	-13.44%	$35.03	483K	Nov 27, 2023	Direct	F1
transaction	PARR	Common stock	Options Exercise	$1.61M	+75K	+15.53%	$21.44	558K	Nov 28, 2023	Direct
transaction	PARR	Common stock	Sale	-$2.6M	-75K	-13.44%	$34.73	483K	Nov 28, 2023	Direct	F2

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	+75K		$0.00^*	0	Nov 27, 2023	Common stock	75K	$21.44	Direct	F3
transaction	PARR	Stock option (right to buy)	Options Exercise	$0	+75K		$0.00^*	0	Nov 28, 2023	Common stock	75K	$21.44	Direct	F3

* 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 $34.66 to $35.18, 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 proceeds from approximately 57,400 shares were withheld by the Company to pay costs associated with the exercise of the option and withholding taxes.
F2	The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $34.51 to $35.30, 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 proceeds from approximately 57,600 shares were withheld by the Company to pay costs associated with the exercise of the option and withholding taxes.
F3	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.