Form 4: Paragon 28, Inc. Executive Albert DaCosta Reports Changes in Beneficial Ownership

Albert DaCosta, a director, 10% owner, and officer of Paragon 28, Inc., reports a transaction involving common stock related to tax liability from vesting restricted stock units.

Summary

• On February 28, 2024, Albert DaCosta reported a transaction involving Paragon 28, Inc. common stock.
• The transaction involved the withholding of 9,470 shares to cover tax liabilities associated with the vesting of restricted stock units (RSUs) at a price of $12.15 per share.
• Following the transaction, DaCosta directly owns 476,412 shares, which includes 231,464 RSUs.
• He also indirectly owns 25,000 shares through his spouse, 5,311,110 shares through The DaCosta Family Trust, and 5,000,000 shares through DaCosta Investment Company, LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of DaCosta's stock holdings related to tax obligations.

Key Dates