SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MVM Partners LLP

(Last) (First) (Middle)
30 ST. GEORGE STREET

(Street)
LONDON X0 W1S SFH

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Paragon 28, Inc. [ FNA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/13/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/13/2022 S 575 D $18.9257 13,974,786(1) I See footnote(5)
Common Stock 09/14/2022 S 14,101 D $19.079 13,960,685(2) I See footnote(5)
Common Stock 09/14/2022 S 30,000 D $18.8117 13,930,685(3) I See footnote(5)
Common Stock 09/14/2022 S 8,134 D $18.9235 13,922,551(4) I See footnote(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Consists of (i) 5,448,701 shares of common stock held by MVM V LP; (ii) 8,444,332 shares of common stock held by MVM V (2020) LP; and (iii) 81,753 shares of common stock held by MVM GP (No. 5) LP.
2. Consists of (i) 5,443,203 shares of common stock held by MVM V LP; (ii) 8,435,811 shares of common stock held by MVM V (2020) LP; and (iii) 81,671 shares of common stock held by MVM GP (No. 5) LP.
3. Consists of (i) 5,431,506 shares of common stock held by MVM V LP; (ii) 8,417,683 shares of common stock held by MVM V (2020) LP; and (iii) 81,496 shares of common stock held by MVM GP (No. 5) LP.
4. Consists of (i) 5,428,334 shares of common stock held by MVM V LP; (ii) 8,412,767 shares of common stock held by MVM V (2020) LP; and (iii) 81,450 shares of common stock held by MVM GP (No. 5) LP.
5. The Reporting Person is the manager, or an affiliate of the manager, of MVM V LP, MVM V (2020) LP and MVM GP (No.5) LP.
/s/ Eric Bednarski 09/15/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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