Form 4: MVM Partners Sells 1,044,295 Shares of Paragon 28, Inc. (FNA)

MVM Partners, LLC, a 10% owner of Paragon 28, Inc., sold 1,044,295 shares of common stock at a weighted average price of $13.0405 on March 13, 2025.

Summary

• On March 13, 2025, MVM Partners, LLC sold 1,044,295 shares of Paragon 28, Inc. common stock.
• The shares were sold at a weighted average price of $13.0405, with individual transaction prices ranging from $13.01 to $13.065.
• Following the transaction, MVM Partners, LLC beneficially owns 7,810,588 shares of Paragon 28, Inc.
• These shares are held indirectly through MVM V (2020) LP (4,719,573 shares), MVM V LP (3,045,324 shares), and MVM GP (No. 5) LP (45,691 shares).
• MVM Partners, LLC disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the large sale of shares by a major shareholder, which could indicate a lack of confidence or a strategic shift in investment.

Negatives

• MVM Partners, LLC, a significant shareholder, has reduced its stake in Paragon 28, Inc. by selling over 1 million shares, which could be perceived negatively by the market.

Risks

• Continued selling pressure from MVM Partners, LLC could further depress the stock price of Paragon 28, Inc.

Industry Context

Form 4 filings are standard disclosures for significant shareholders and insiders, providing transparency into their transactions and potential influence on the stock.

Stakeholder Impact

• Shareholders may react to the sale of shares by MVM Partners, LLC, potentially impacting the stock price.
• The sale could influence investor sentiment regarding the future prospects of Paragon 28, Inc.

Key Dates