Davidson Phillip S 4

What Happened

• Phillip S. Davidson, a director of Par Pacific Holdings, acquired 440 shares on April 5, 2026 at $64.89 per share for a total of $28,552 (reported as an "other acquisition" (J)). On the same date he was also granted RSU awards: 440 restricted stock units were delivered to him as common stock, and 385 restricted stock units were awarded as a derivative grant (both reported under code A). The RSU grants have no immediate cash price; they represent contingent rights to receive shares.

Key Details

• Transaction date(s): April 5, 2026.
• Cash purchase: 440 shares @ $64.89 = $28,552 (code J).
• RSU activity: 440 RSUs delivered as common stock (per F3); 385 RSUs granted (derivative, $0.00).
• Meaning of RSUs: Each RSU equals a right to one share (F1). The 385 RSUs will vest in full on April 5, 2027 and vested shares will be delivered following termination of service (F2).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed April 7, 2026 for transactions on April 5, 2026 — appears timely (no late filing noted).

Context

• The filing records a small open-market style purchase (~$28.6k) plus RSU awards rather than an exercise or sale. RSU grants are compensation/awards (derivative instruments) and do not represent immediate cash proceeds; the 440 RSUs were converted to stock and delivered the same day. This is factual reporting of insider activity and does not by itself indicate motive.