Form 4: Paragon 28 CEO Albert DaCosta Disposes of Shares to Cover Tax Obligations

Albert DaCosta, CEO of Paragon 28, Inc., disposed of 11,341 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• On February 28, 2025, Albert DaCosta, CEO of Paragon 28, disposed of 11,341 shares of common stock to cover tax obligations arising from the vesting of restricted stock units.
• The transaction was executed at a price of $13.04 per share.
• Following the transaction, DaCosta directly owns 995,190 shares, which includes 321,232 RSUs and 341,665 shares held in an individual retirement account.
• DaCosta also indirectly owns 5,339,110 shares through The DaCosta Family Trust, where he serves as trustee, and 5,000,000 shares through DaCosta Investment Company, LLC, where he is a manager.
• His spouse also holds 100,000 shares indirectly, including 75,000 shares in an individual retirement account.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a common transaction (selling shares to cover taxes). It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in ownership and sentiment.

Stakeholder Impact

• The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.

Key Dates