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

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.