X0202 SCHEDULE 13D/A 0000921895-26-000616 0001730145 XXXXXXXX LIVE 2 Common Stock, $0.02 par value 04/20/2026 true 0000708821 698884103 PAR TECHNOLOGY CORP

PAR TECHNOLOGY PARK PAR TECHNOLOGY PARK NEW HARTFORD NY 13413

VOSS CAPITAL, L.P. 281-770-0379 3773 Richmond Avenue Suite 500 Houston TX 77046 0001969435 N Voss Value Master Fund, LP WC N E9 845000.00 0.00 845000.00 0.00 845000.00 N 2.0 PN 0001863498 N Voss Value-Oriented Special Situations Fund, LP OO N DE 145000.00 0.00 145000.00 0.00 145000.00 N 0.3 PN 0001798309 N Voss Advisors GP, LLC OO N TX 990000.00 0.00 990000.00 0.00 990000.00 N 2.3 OO 0001730145 N Voss Capital, LP OO N TX 4201500.00 975000.00 4201500.00 975000.00 5176500.00 N 12.0 OO 0001798383 N Cocke Travis W. OO N X1 4201500.00 975000.00 4201500.00 975000.00 5176500.00 N 12.0 IN Common Stock, $0.02 par value PAR TECHNOLOGY CORP PAR TECHNOLOGY PARK PAR TECHNOLOGY PARK NEW HARTFORD NY 13413 The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned ("Amendment No. 2"). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein. Item 3 is hereby amended and restated to read as follows: The Shares purchased by each of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and the Voss Managed Accounts were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The aggregate purchase price of the 845,000 Shares beneficially owned directly by Voss Value Master Fund is approximately $34,451,477, including brokerage commissions. The aggregate purchase price of the 145,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund is approximately $5,839,736, including brokerage commissions. The aggregate purchase price of the 4,140,100 Shares held in the Voss Managed Accounts is approximately $173,809,334, including brokerage commissions. The aggregate purchase price of the call options exercisable into 46,400 Shares which are held in the Voss Managed Accounts is approximately $162,400, including brokerage commissions. Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of the Shares reported owned by each person named herein is based upon a denominator that is the sum of: (i) 41,152,632 Shares outstanding as of February 24, 2026, which is the total number of Shares outstanding as disclosed in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 26, 2026, (ii) 1,810,222 Shares issued (as defined in the Issuer's Current Report on Form 8-K/A filed with the SEC on March 24, 2026 A. Voss Value Master Fund As of the date hereof, Voss Value Master Fund beneficially owned 845,000 Shares. Percentage: Approximately 1.97% B. Voss Value-Oriented Special Situations Fund As of the date hereof, Voss Value-Oriented Special Situations Fund beneficially owned 145,000 Shares. Percentage: Approximately 0.34% C. Voss GP Voss GP, as the general partner of each of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund, may be deemed the beneficial owner of the (i) 845,000 Shares owned by Voss Value Master Fund and (ii) 145,000 Shares owned by Voss Value-Oriented Special Situations Fund. Percentage: Approximately 2.30% D. Voss Capital As of the date hereof, 4,186,500 Shares were held in the Voss Managed Accounts. Voss Capital, as the investment manager of each of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund, may be deemed the beneficial owner of the (i) 845,000 Shares beneficially owned by Voss Value Master Fund and (ii) 145,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund. Percentage: Approximately 12.05% E. Mr. Cocke Mr. Cocke, as the managing member of each of Voss Capital and Voss GP, may be deemed the beneficial owner of the (i) 845,000 Shares owned by Voss Value Master Fund, (ii) 145,000 Shares owned by Voss Value-Oriented Special Situations Fund and (iii) 4,186,500 Shares held in the Voss Managed Accounts. Percentage: Approximately 12.05% Item 5(b) is hereby amended and restated to read as follows: A. Voss Value Master Fund 1. Sole power to vote or direct vote: 845,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 845,000 4. Shared power to dispose or direct the disposition: 0 B. Voss Value-Oriented Special Situations Fund 1. Sole power to vote or direct vote: 145,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 145,000 4. Shared power to dispose or direct the disposition: 0 C. Voss GP 1. Sole power to vote or direct vote: 990,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 990,000 4. Shared power to dispose or direct the disposition: 0 D. Voss Capital 1. Sole power to vote or direct vote: 4,201,500 2. Shared power to vote or direct vote: 975,000 3. Sole power to dispose or direct the disposition: 4,201,500 4. Shared power to dispose or direct the disposition: 975,000 E. Mr. Cocke 1. Sole power to vote or direct vote: 4,201,500 2. Shared power to vote or direct vote: 975,000 3. Sole power to dispose or direct the disposition: 4,201,500 4. Shared power to dispose or direct the disposition: 975,000 Item 5(c) is hereby amended to add the following: There have been no transactions in securities of the Issuer by the Reporting Persons since the filing of the Schedule 13D. The decrease in beneficial ownership reported herein is solely the result of (i) the expiration of options previously held by the Reporting Persons, and (ii) an increase in the number of shares of the Issuer outstanding. Voss Value Master Fund, LP /s/ Travis W. Cocke 04/22/2026 Voss Value-Oriented Special Situations Fund, LP /s/ Travis W. Cocke 04/22/2026 Voss Advisors GP, LLC /s/ Travis W. Cocke 04/22/2026 Voss Capital, LP /s/ Travis W. Cocke 04/22/2026 Cocke Travis W. /s/ Travis W. Cocke 04/22/2026