Form 4: Albert DaCosta Reports Acquisition of 337,682 Common Stock Shares in Paragon 28, Inc.
SEC Form 4
Albert DaCosta, a director, 10% owner, and officer of Paragon 28, Inc., reported acquiring 337,682 shares of common stock on March 20, 2025, according to a Form 4 filing.
Summary
- On March 20, 2025, Albert DaCosta acquired 337,682 shares of Paragon 28, Inc. common stock.
- These shares were acquired in the form of restricted stock units (RSUs) at a price of $0 per share.
- The RSUs vest 25% annually, starting on March 20, 2025, contingent upon DaCosta's continued service to the company.
- Following the transaction, DaCosta directly owns 1,314,614 shares, including 617,183 RSUs.
- DaCosta also indirectly owns shares through The DaCosta Family Trust (3,277,408 shares), trusts for his children (2,061,702 shares), and DaCosta Investment Company, LLC (5,000,000 shares).
- Additionally, 100,000 shares are indirectly owned by DaCosta's spouse.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard insider transaction report. The acquisition of shares by an insider is generally viewed as a positive sign, but without additional context, it's difficult to gauge the overall impact.
Positives
- The acquisition of shares by a key insider like DaCosta can be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
The RSUs vest 25% annually starting March 20, 2025, subject to the Reporting Person's continued service to the Issuer.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Monitoring such filings can provide insights into management's sentiment and confidence in the company's performance.
Stakeholder Impact
- Shareholders may view the insider's increased stake as a positive signal.
- The transaction itself has no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/20/2025 | Date of earliest transaction: Acquisition of 337,682 shares of common stock in the form of RSUs. |
| 03/20/2025 | First vesting date for 25% of the RSUs. |
| 03/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Paragon 28, Inc., Albert DaCosta, Form 4, Beneficial Ownership, Insider Trading, RSUs, Stock Acquisition, FNA
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