SEC Filing Analysis: PAR PACIFIC HOLDINGS, INC.

Executive Summary

• Trading Significance: Low
• Key Takeaway: An officer of PAR PACIFIC HOLDINGS, INC. has filed a Form 144, indicating an intention to sell 15,848 shares of common stock valued at approximately $653,240.
• Market Impact: The proposed sale is of low materiality and is unlikely to have a significant impact on the stock price.

Company Information

Field	Value
Company	PAR PACIFIC HOLDINGS, INC.
Ticker Symbol	PARR (Not listed in filing)
CIK	0000821483
Industry	CRUDE PETROLEUM & NATURAL GAS

Insider Information

Field	Value
Name	Richard Creamer
CIK	0001926974
Title/Position	Officer
Relationship	Officer

Transaction Details

Field	Value
Form Type	144 (Notice of Proposed Sale)
Transaction Date	2025-11-06 (Approximate Sale Date)
Transaction Code	Not Applicable
Security Type	Common Stock
Shares Involved	15,848
Price Per Share	~$41.22 (Calculated)
Total Value	$653,240.34
Shares Owned After	Not Disclosed
Ownership Type	Not Disclosed

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$653,240.34
% of Market Cap	0.032%
Shares Transacted	15,848
% of Shares Outstanding	0.031%
Post-Transaction Ownership	Not Disclosed
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: With a market capitalization of $2.06 billion, this proposed sale of $653k is negligible and represents a routine liquidity event for the insider.
• Ownership Concentration: The insider's post-transaction holdings are not disclosed in a Form 144, so an assessment of ownership change is not possible.
• Transaction Significance: The sale constitutes just 0.032% of the company's market cap and 0.031% of its shares outstanding, placing it well below any threshold for significance. It is considered a minor transaction.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: A Form 144 filing for a sale of this small size is a standard disclosure and does not typically influence market sentiment. The shares were acquired over several years through vested stock awards, and the sale is likely for diversification or personal financial planning.

Volume & Sentiment

• Expected Volume Impact: Minimal. The number of shares is too small to materially affect daily trading volume.
• Sentiment Indicator: Neutral. The market generally disregards small, non-strategic insider sales.

Additional Context

Transaction Notes

• Nature of Filing: This Form 144 is a notice of a proposed sale, not a completed transaction. The sale is expected to occur on or around November 6, 2025.
• Source of Shares: The filing details that the shares to be sold were acquired through the vesting of stock awards between 2019 and 2024 as part of the insider's compensation.