PAR CLUSTER SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

PAR ▲ +10.70% at T+5d

NEUTRAL call ✓ call won +10.70% · α vs SPY +10.13% · entry $13.46 → $14.90

Next anchor: T+20d in 16d

Currently $15.49 · +15.08% from $13.46 entry

Entry anchored
Jun 4, 2026
via day open

T+1d

-1.34%

call -1.34% · α -1.56%

$13.28

settled 12d ago

T+5d

+10.70%

call +10.70% · α +10.13%

$14.90

settled 6d ago

T+20d

—

call — · α —

—

in 16d

T+60d

—

call — · α —

—

in 2mo

Price Chart

Loading chart...

Executive Summary

Two PAR insiders sold shares in a cluster totaling $315K, led by the Chief Legal Officer Cathy King exercising and immediately selling 20,000 shares. The total sale value is ~0.05% of market cap, well below the 0.1% materiality threshold, making this a routine liquidity event rather than an informed sell signal.

Key Financial Metrics

Direction

selling

Total Value

$315.0K

Insiders

2

Actionable Insight

This cluster is routine and non-informative. The CLO's exercise-and-sell pattern is standard for covering option costs and taxes. Monitor for any upcoming 8-K filings (earnings, material agreements, or offerings) as the cross-filing calibration shows these combos amplify cluster signals, but standalone this cluster has no actionable edge.

Key Facts

CLO Cathy King sold 20,000 shares at $15.38 for $307,600 on June 2, 2026, after exercising derivatives at $5.12/share and $0/share
SVP Finance Michael Steenberge sold 498 shares at $14.20 for $7,072 on June 3, 2026
Total cluster sale value of $315K represents ~0.05% of PAR's $584M market cap
King's sale is a same-day exercise-and-sell pattern, typical of tax/vesting-related liquidity, not a bearish signal

Financial Impact

Total insider sales of $315K, negligible relative to $584M market cap

insider ownership

Risk Factors

Insider selling could accelerate if the stock rallies, but current volume is too small to indicate bearish conviction
No material insider buying to offset the selling — lack of bullish insider signal

Market Snapshot

Exchange

NYSE

Sector

Calculating & Accounting Machines (No Electronic Computers)

Analyst Consensus

79% bullish (14 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-PAR-1780605937295

9 reports for PAR

T+1T+5T+20T+60

Filters

Reports for PAR — sortable, filterable
	Type				Now
Jun 16, 2026 1d ago	Insider Buy NEUTRAL ★ 2/10	$14.71 awaiting T+5	awaiting T+5	—	$15.49 (+5.34%)
Jun 16, 2026 1d ago	Insider Cluster BULLISH ★ 5/10	$14.71 awaiting T+5	awaiting T+5	—	$15.49 (+5.34%)
Jun 4, 2026 12d ago	Insider Cluster NEUTRAL ★ 2/10	$13.46 $14.90	▲ +10.70%	▲ +10.13%	$15.49 (+15.08%)
Jun 4, 2026 12d ago	Insider Cluster NEUTRAL ★ 3/10	$13.46 $14.90	▲ +10.70%	▲ +10.13%	$15.49 (+15.08%)
Jun 3, 2026 13d ago	8-K NEUTRAL ★ 3/10	$14.51 $14.62	▲ +0.76%	▲ +3.31%	$15.49 (+6.75%)
Apr 16, 2026 8w ago	DEFA14A NEUTRAL ★ 2/10	$13.60 $13.42	▼ −1.32%	▼ −2.31%	$15.49 (+13.90%)
Apr 15, 2026 8w ago	8-K NEUTRAL ★ 3/10	$13.60 $13.42	▼ −1.32%	▼ −2.31%	$15.49 (+13.90%)
Mar 26, 2026 11w ago	S-3ASR NEUTRAL ★ 4/10	$12.81 $13.96	▲ +8.98%	▲ +5.12%	$15.49 (+20.92%)
Mar 3, 2026 15w ago	Insider Cluster NEUTRAL ★ 3/10	$17.53 $16.80	▼ −4.16%	▼ −3.69%	$15.49 (−11.64%)

US Market Status

Market Closed — Opens in 5h 23m

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access