Coding agents re-send large file reads and tool outputs to a frontier LLM every turn, and this context dominates their token bill. General-purpose prompt compressors are trained on prose and suit code poorly: they paraphrase identifiers and drop the exact spans an agent needs to edit. We present Paritok-4B, a 4B LoRA compressor for coding-agent trajectories built on two commitments. It is extractive: it selects spans rather than rewriting them, and 96.0% of the identifiers, paths, and numbers it emits already appear in its input, holding at 96.2% on held-out SWE-bench Lite output. It is intent-conditioned: told the agent's current task, it acts chiefly inside a retained segment, selecting which lines survive (retained lines are +0.067 more intent-relevant than removed ones, paired 95% CI [+0.056, +0.078]) rather than changing how much is retained. We distil a gpt-4.1-mini teacher over 67,074 real OpenHands trajectories into 40,606 validated examples and fine-tune Qwen3-4B. On all 300 SWE-bench Lite instances, Paritok-4B compresses agent context to 25.7% of its size, 2.0x harder than a gpt-4.1-mini compressor (50.2%) and 2.4x harder than gpt-5 (61.9%), while retaining 86.5% of uncompressed single-shot solve quality. Fed the cat -n line-numbered input real agents produce, it compresses slightly less (27.8%) and retains more (89.3%); there the paired test is informative, with 30 instances solved only uncompressed and 17 only compressed, an exact McNemar p=0.079, so at this sample size compressing context to roughly a quarter of its size does not significantly reduce the solve rate. The model is a 264 MB adapter that self-hosts on one 24 GB GPU with no per-token compressor fee, which at list prices decides the economics: gpt-5 as a compressor is net-negative, costing more than the downstream tokens it saves. Weights, data, and evaluation scripts are open (Apache 2.0).

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