Sec Form 4 Filing - Voss Capital, LP @ PAR TECHNOLOGY CORP - 2026-01-14

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Voss Capital, LP 2. Issuer Name and Ticker or Trading Symbol PAR TECHNOLOGY CORP [ PAR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 3773 RICHMOND AVENUE, SUITE 500 3. Date of Earliest Transaction (MM/DD/YY) 01/14/2026 (Street) HOUSTON, TX77046 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, $0.02 par value ( 1 ) 845,000 I By: Voss Value Master Fund, L.P. ( 2 ) Common Stock, $0.02 par value ( 1 ) 145,000 I By: Voss Value-Oriented Special Situations Fund, L.P. ( 3 ) Common Stock, $0.02 par value ( 1 ) 01/14/2026 P 41,034 A $ 39.1047 3,654,932 I By: Managed Accounts of Voss Capital, LP ( 4 ) Common Stock, $0.02 par value ( 1 ) 01/15/2026 P 50,068 A $ 38.9341 ( 5 ) 3,705,000 I By: Managed Accounts of Voss Capital, LP ( 4 ) Common Stock, $0.02 par value ( 1 ) 01/23/2026 P 10,000 A $ 31.7142 3,715,000 I By: Managed Accounts of Voss Capital, LP ( 4 ) Common Stock, $0.02 par value ( 1 ) 01/27/2026 P 85,000 A $ 28.5552 ( 6 ) 3,800,000 I By: Managed Accounts of Voss Capital, LP ( 4 ) Common Stock, $0.02 par value ( 1 ) 01/27/2026 P 90,000 A $ 29.6576 ( 7 ) 3,890,000 I By: Managed Accounts of Voss Capital, LP ( 4 ) Common Stock, $0.02 par value ( 1 ) 01/30/2026 P 2,138 A $ 26.21 3,892,138 I By: Managed Accounts of Voss Capital, LP ( 4 ) Common Stock, $0.02 par value ( 1 ) 02/03/2026 P 157,862 A $ 22.7556 ( 8 ) 4,050,000 I By: Managed Accounts of Voss Capital, LP ( 4 ) Common Stock, $0.02 par value ( 1 ) 02/03/2026 P 25,000 A $ 23.7243 4,075,000 I By: Managed Accounts of Voss Capital, LP ( 4 ) Common Stock, $0.02 par value ( 1 ) 02/04/2026 P 50,000 A $ 22.1999 ( 9 ) 4,125,000 I By: Managed Accounts of Voss Capital, LP ( 4 ) Common Stock, $0.02 par value ( 1 ) 02/04/2026 P 15,100 A $ 23.2335 4,140,100 I By: Managed Accounts of Voss Capital, LP ( 4 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Call Option (right to buy) $ 40 01/28/2026 P 1 ( 10 ) 04/17/2026 Common Stock, $0.02 par value ( 1 ) 100 $ 1 1 I By: Voss Value-Oriented Special Situations Fund, L.P. ( 3 ) Call Option (right to buy) $ 35 02/03/2026 P 2,500 ( 10 ) 04/17/2026 Common Stock, $0.02 par value ( 1 ) 250,000 $ 0.5 2,500 I By: Managed Accounts of Voss Capital, LP ( 4 ) Call Option (right to buy) $ 25 02/03/2026 P 464 ( 10 ) 07/17/2026 Common Stock, $0.02 par value ( 1 ) 46,400 $ 3.5 464 I By: Managed Accounts of Voss Capital, LP ( 4 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Voss Capital, LP 3773 RICHMOND AVENUE SUITE 500 HOUSTON, TX77046 X Voss Value Master Fund, LP 3773 RICHMOND AVENUE, SUITE 500 HOUSTON, TX77046 X Voss Value-Oriented Special Situations Fund, LP 3773 RICHMOND AVENUE SUITE 500 HOUSTON, TX77046 X Voss Advisors GP, LLC 3773 RICHMOND AVENUE, SUITE 500 HOUSTON, TX77046 X Cocke Travis W. 3773 RICHMOND AVENUE, SUITE 500 HOUSTON, TX77046 X Signatures Voss Capital, LP; By: /s/ Travis W. Cocke, Managing Member 03/05/2026 Signature of Reporting Person Date Voss Value Master Fund, LP; By: Voss Advisors GP, LLC; By: /s/ Travis W. Cocke, Managing Member 03/05/2026 Signature of Reporting Person Date Voss Value-Oriented Special Situations Fund, LP; By: Voss Advisors GP, LLC; By: /s/ Travis W. Cocke, Managing Member 03/05/2026 Signature of Reporting Person Date Voss Advisors GP, LLC; By: /s/ Travis W. Cocke, Managing Member 03/05/2026 Signature of Reporting Person Date /s/ Travis W. Cocke 03/05/2026 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This Form 4 is filed jointly by Voss Value Master Fund, LP ("Voss Value Master Fund"), Voss Value-Oriented Special Situations Fund, LP ("Voss Value-Oriented Special Situations Fund"), Voss Advisors GP, LLC ("Voss GP"), Voss Capital, LP ("Voss Capital") and Travis W. Cocke (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. ( 2 )Securities owned directly by Voss Value Master Fund. Voss GP, as the general partner of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Voss Capital, as the investment manager of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. ( 3 )Securities owned directly by Voss Value-Oriented Special Situations Fund. Voss GP, as the general partner of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Voss Capital, as the investment manager of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. ( 4 )Securities held in certain accounts separately managed by Voss Capital (the "Voss Managed Accounts"). Voss Capital, as the investment manager of the Voss Managed Accounts, may be deemed to beneficially own the securities heldin the Voss Managed Accounts. Mr. Cocke, as the managing member of Voss Capital, may be deemed to beneficially own the securities held in the Voss Managed Accounts. ( 5 )Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.5582 to $39.3089, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. ( 6 )Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.0913 to $28.8786, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. ( 7 )Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.5665 to $29.6915, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. ( 8 )Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.4856 to $23.3151, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. ( 9 )Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.1347 to $22.2650, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. ( 10 )Such call options were immediately exercisable upon their acquisition.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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