Form 4: Paragon 28, Inc. Director Albert DaCosta Acquires Shares

Director Albert DaCosta of Paragon 28, Inc. reports purchasing 28,000 shares of common stock at an average price of $9.1152.

Summary

• On March 15, 2024, Albert DaCosta, a director, 10% owner, and officer (President & CEO) of Paragon 28, Inc., acquired 28,000 shares of common stock.
• The shares were purchased at a weighted average price of $9.1152, with individual prices ranging from $8.93 to $9.18.
• Following the transaction, DaCosta beneficially owns 5,339,110 shares indirectly through The DaCosta Family Trust, 5,000,000 shares indirectly through DaCosta Investment Company, LLC, 25,000 shares indirectly through his spouse, and 643,336 shares directly, including 398,388 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The purchase of shares by a director is generally viewed as a positive sign, but the document itself is simply a regulatory filing.

Positives

• The purchase of shares by a director and officer could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company insiders and their confidence in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• Similar filings are made by executives and directors of companies like Stryker, Johnson & Johnson, and Medtronic when they buy or sell shares of their respective companies.

Stakeholder Impact

• Shareholders may view the director's stock purchase as a positive signal.

Key Dates