PARR PAR PACIFIC HOLDINGS, INC.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q1 2026: $51M, Q3 2025: $23M, Q2 2025: $69M, Q1 2025: $34M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $51M vs trailing avg $42M (+21%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-283M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 11,606,000 shares = 23.1% of 50,144,277 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $9M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 15005687.1x more than bought. 2 C-suite officers among sellers

• Monteleone William (President and CEO) sold 40,000 shares on 2026-03-16
• Monteleone William (President and CEO) sold 8,657 shares on 2026-03-16
• Monteleone William (President and CEO) sold 60,291 shares on 2026-03-16
• Guerra Ivan Daniel (Chief Accounting Officer) sold 4,500 shares on 2026-02-27
• Monteleone William (President and CEO) sold 65,659 shares on 2025-11-21
• Monteleone William (President and CEO) sold 33,625 shares on 2025-11-21
• Guerra Ivan Daniel (Chief Accounting Officer) sold 5,500 shares on 2025-09-02