Form 4: MVM Partners Reduces Stake in Paragon 28, Inc.

MVM Partners, LLC, a significant shareholder of Paragon 28, Inc. (FNA), has sold a portion of its common stock holdings in two transactions.

Summary

• MVM Partners, LLC filed a Form 4 disclosing changes in its beneficial ownership of Paragon 28, Inc. (FNA) common stock.
• On January 23, 2025, MVM Partners sold 20,136 shares at a price of $11.626 per share.
• On January 24, 2025, the firm sold an additional 25,026 shares at $11.595 per share.
• Following these transactions, MVM Partners' beneficial ownership stands at 10,340,983 shares.
• The shares are indirectly held through MVM V (2020) LP, MVM V LP, and MVM GP (No. 5) LP, with MVM Partners acting as the manager.
• MVM Partners disclaims beneficial ownership except to the extent of its pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock sales. The impact depends on the market's interpretation of MVM Partners' decision to reduce its holdings.

Management Comments

• The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or major shareholders of a publicly traded company buy or sell the company's stock. This filing indicates a reduction in MVM Partners' stake in Paragon 28.

Stakeholder Impact

• Shareholders may react to the news of MVM Partners reducing its stake, potentially impacting the stock price.

Key Dates