Par Pacific (PARR) Director Timothy Clossey Sells Shares

What Happened

• Timothy Clossey, a director of Par Pacific Holdings (PARR), sold shares in two open‑market transactions. On 2026‑08‑14 he sold 8,015 shares at $81.50 for $653,223. On 2026‑08‑17 he sold 5,421 shares at a weighted average price of $83.02 for $450,051. Total proceeds were approximately $1,103,274. These were outright sales (not purchases or option exercises).

Key Details

• Dates and prices:
  • 2026‑08‑14: 8,015 shares sold at $81.50 (footnote F1 confirms this price).
  • 2026‑08‑17: 5,421 shares sold at a weighted average of $83.02 (footnote F2: sales ranged $83.00–$83.16; breakdown available on request).
• Total shares sold: 13,436; total proceeds: ~$1.10 million.
• Shares owned after the transactions: not stated in the provided filing excerpt.
• Filing timing: Form 4 was filed 2026‑08‑18 and reports trades on 8/14 and 8/17. That filing date is four days after the first sale and one day after the second.
• No indication in the provided notes of a 10b5‑1 plan, gift, option exercise, or tax withholding tied to these transactions.

Context

• These were sales by a company director. Sales are common and can reflect routine liquidity needs or portfolio management; they do not, by themselves, prove a change in the insider’s view of the company. Purchases generally carry clearer signals of insider confidence.