William Pate - Aug 12, 2025 Form 4 Insider Report for PAR PACIFIC HOLDINGS, INC. (PARR)

Role: Director
Signature: /s/ William Pate
Stock symbol: PARR
Transactions as of: Aug 12, 2025
Transactions value $: -$2,088,737
Form type: 4
Date filed: 8/14/2025, 05:30 PM
Previous filing: Jul 8, 2025
Next filing: Oct 7, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
PATE WILLIAM	Director	825 TOWN AND COUNTRY LANE, SUITE 1500, HOUSTON	/s/ William Pate	2025-08-14	0001180447

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PARR	Common Stock	Options Exercise	$3.22M	+150K	+28.59%	$21.44	675K	Aug 12, 2025	Direct	F1
transaction	PARR	Common Stock	Disposed to Issuer	-$4.22M	-150K	-22.24%	$28.14	525K	Aug 12, 2025	Direct	F2
transaction	PARR	Common Stock	Options Exercise	$1.74M	+100K	+19.13%	$17.34	625K	Aug 12, 2025	Direct	F3
transaction	PARR	Common Stock	Disposed to Issuer	-$2.82M	-100K	-16.06%	$28.14	525K	Aug 12, 2025	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	Options Exercise		-150K	-100%		0	Aug 12, 2025	Common Stock	150K	$21.44	Direct	F1, F4
transaction	PARR	Stock Option	Options Exercise		-100K	-100%		0	Aug 12, 2025	Common Stock	100K	$17.34	Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Represents a non-qualified stock option to purchase 150,000 shares of Par Pacific Holdings, Inc. ("Company") common stock at an exercise price of $21.44 per share granted to Mr. Pate on October 12, 2015, and expiring on October 11, 2025.
F2	On August 12, 2025, the Company made a cash payment to the reporting person in an amount equal to (i) the number of shares issued to the reporting person multiplied by (ii) the the closing price of the Company's closing stock price on the New York Stock Exchange on the exercise date less (iii) the amount withheld to pay the exercise price.
F3	Represents a non-qualified stock option to purchase 100,346 shares of Company common stock at an exercise price of $17.34 per share granted to Mr. Pate on February 27, 2018, and expiring on February 26, 2026.
F4	The reporting person exercised the option due to the upcoming expiration date of the option and anticipated closure of the trading window under the Issuer's Insider Trading Policy prior to such date.