PAR TECHNOLOGY CORP — Major Shareholding Notification 2025

Aug 20, 2025

xml version="1.0" encoding="UTF-8"? SCHEDULE 13G Field: Pseudo-Tag; ID: Name; Data: Voss Capital, LP 0001730145 XXXXXXXX LIVE Common Stock, $0.02 par value 08/13/2025 0000708821 PAR TECHNOLOGY CORP 698884103 PAR TECHNOLOGY PARK 8383 SENECA TURNPIKE NEW HARTFORD NY 13413 Rule 13d-1(c) Voss Value Master Fund, LP E9 500000.00 0.00 500000.00 0.00 500000.00 N 1.2 PN Voss Value-Oriented Special Situations Fund, LP TX 80000.00 0.00 80000.00 0.00 80000.00 N 0.2 PN Voss Advisors GP, LLC TX 580000.00 0.00 580000.00 0.00 580000.00 N 1.4 OO Voss Capital, LP TX 2281834.00 112500.00 2281834.00 112500.00 2394334.00 N 5.9 PN Cocke Travis W. X1 2281834.00 112500.00 2281834.00 112500.00 2394334.00 N 5.9 IN PAR TECHNOLOGY CORP 8383 SENECA TURNPIKE, NEW HARTFORD, NEW YORK 13413 The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are: Voss Value Master Fund, L.P. ("Voss Value Master Fund"); Voss Value-Oriented Special Situations Fund, L.P. ("Voss Value-Oriented Special Situations Fund"); Voss Advisors GP, LLC ("Voss GP"); Voss Capital, L.P. ("Voss Capital"); and Travis W. Cocke. Voss Value Master Fund 3773 Richmond, Suite 850 Houston, Texas 77046 Voss Value-Oriented Special Situations Fund 3773 Richmond, Suite 850 Houston, Texas 77046 Voss GP 3773 Richmond, Suite 850 Houston, Texas 77046 Voss Capital 3773 Richmond, Suite 850 Houston, Texas 77046 Travis W. Cocke 3773 Richmond, Suite 850 Houston, Texas 77046 Voss Value Master Fund Cayman Islands Voss Value-Oriented Special Situations Fund Texas Voss GP Texas Voss Capital Texas Travis W. Cocke USA Y As of the date hereof: (i) Voss Value Master Fund beneficially owned 500,000 shares of Common Stock, $0.02 par value, of the Issuer (the "Shares"). (ii) Voss Value-Oriented Special Situations Fund beneficially owned 80,000 Shares. (iii) Voss GP, as the general partner of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund, may be deemed the beneficial owner of the (i) 500,000 Shares beneficially owned by Voss Value Master Fund and (ii) 80,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund. (iv) Voss Capital, as the investment manager of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and certain accounts managed by Voss Capital (the "Voss Managed Accounts"), may be deemed the beneficial owner of the (i) 500,000 Shares beneficially owned by Voss Value Master Fund, (ii) 80,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 1,814,334 Shares held in the Voss Managed Accounts. (v) Mr. Cocke, as the managing member of each of Voss Capital and Voss GP, may be deemed the beneficial owner of the (i) 500,000 Shares owned by Voss Value Master Fund, (ii) 80,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 1,814,334 Shares held in the Voss Managed Accounts. The aggregate percentage of the Shares reported owned by each person named herein is based upon 40,581,077 Shares outstanding as of August 6, 2025, which is the total number of Shares outstanding as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2025. As of the date hereof: (i) Voss Value Master Fund may be deemed to beneficially own approximately 1.2% of the outstanding Shares; (ii) Voss Value-Oriented Special Situations Fund may be deemed to beneficially own less than 1% of the outstanding Shares; (iii) Voss GP may be deemed to beneficially own approximately 1.4% of the outstanding Shares; (iv) Voss Capital may be deemed to beneficially own approximately 5.9% of the outstanding Shares (approximately 4.5% of the outstanding Shares are held in the Voss Managed Accounts); and (v) Mr. Cocke may be deemed to beneficially own approximately 5.9% of the outstanding Shares. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. Y Y Y N See Exhibit 99.1. Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. 99.1 - Joint Filing Agreement Voss Value Master Fund, LP /s/ Travis W. Cocke Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner 08/20/2025 Voss Value-Oriented Special Situations Fund, LP /s/ Travis W. Cocke Travis W. Cocke, Managing Member of Voss Advisors GP, LLC, its General Partner 08/20/2025 Voss Advisors GP, LLC /s/ Travis W. Cocke Travis W. Cocke, Managing Member 08/20/2025 Voss Capital, LP /s/ Travis W. Cocke Travis W. Cocke, Managing Member 08/20/2025 Cocke Travis W. /s/ Travis W. Cocke Travis W. Cocke 08/20/2025