MVM Partners, LLC - Mar 4, 2025 Form 4 Insider Report for Paragon 28, Inc. (FNA)

Role
10%+ Owner
Signature
By: /s/ Eric Bednarski, Vice President
Stock symbol
FNA
Transactions as of
Mar 4, 2025
Transactions value $
-$17,880,070
Form type
4
Date filed
3/6/2025, 07:10 PM
Previous filing
Jan 29, 2025
Next filing
Mar 13, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FNA Common Stock Sale -$8.05M -620K -6.06% $12.99 9.61M Mar 4, 2025 See Footnotes F1, F4, F7, F8
transaction FNA Common Stock Sale -$7.68M -590K -6.14% $13.02 9.02M Mar 5, 2025 See Footnotes F2, F5, F7, F8
transaction FNA Common Stock Sale -$2.14M -165K -1.83% $13.01 8.85M Mar 6, 2025 See Footnotes F3, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.99 to $13.0275, inclusive. The reporting persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.98 to $13.025, inclusive. The reporting persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.00 to $13.025, inclusive. The reporting persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
F4 Consists of (i) 5,350,592 shares of common stock owned by MVM V (2020) LP; (ii) 4,148,664 shares of common stock held by MVM V LP; and (iii) 110,515 shares of common stock held by MVM GP (No. 5) LP.
F5 Consists of (i) 5,350,592 shares of common stock owned by MVM V (2020) LP; (ii) 3,604,300 shares of common stock held by MVM V LP; and (iii) 64,655 shares of common stock held by MVM GP (No. 5) LP.
F6 Consists of (i) 5,350,592 shares of common stock owned by MVM V (2020) LP; (ii) 3,452,491 shares of common stock held by MVM V LP; and (iii) 51,800 shares of common stock held by MVM GP (No. 5) LP.
F7 The reporting person is the current manager of MVM V LP, MVM V (2020) LP and MVM GP (No.5) LP.
F8 The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, if any, and this Form 4 shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.