Paragon 28 Announces CFO Transition, Provides Preliminary Unaudited Net Revenue for First Quarter 2024, and Reaffirms Net Revenue Guidance for Fiscal Year 2024

Paragon 28, Inc. (NYSE: FNA), (“Paragon 28” or “the Company”), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today announced that Stephen Deitsch, Chief Financial Officer (“CFO”), has notified the Company of his intent to pursue an opportunity with OrganOx Limited, a commercial stage UK-based medical device company focused on therapeutic applications of isolated organ perfusion. Mr. Deitsch will depart from the Company on April 5, 2024. The Company has formed a sub-committee of its Board of Directors and has engaged an executive search firm to assist in identifying a permanent successor.

The Company concurrently announced the appointment of Kristina Wright as Interim CFO, effective April 3, 2024. Ms. Wright has been a member of the Board of Directors since 2021 and currently serves as Chair of the Company’s Audit Committee and as a member of the Nominating and Corporate Governance Committee of Paragon 28, Inc. Ms. Wright brings deep medical device experience to the interim CFO role. Upon assuming the Interim CFO position, Ms. Wright will step down temporarily from her roles as Chair of the Audit Committee and as a member of the Nominating and Corporate Governance Committee. Thomas Schnettler, lead independent director for Paragon 28, will assume the role of interim Chair of the Audit Committee.

“I would like to thank Steve for his many contributions to our organization, including his leadership during the Company’s initial public offering. He has been a trusted partner since joining the company in 2020, helping to steer our strong growth through a transformative time for Paragon 28. Further, Steve has been instrumental in building our operational capabilities and fortifying our balance sheet to position the Company for sustainable long-term growth. We wish him continued success with his new venture. We are also very fortunate to have Krissy in our organization. She is an experienced financial executive whose knowledge of the Company will enable her to successfully lead our finance team through this interim period,” said Albert DaCosta, Chief Executive Officer.

Mr. Deitsch said, “It has been a privilege to be part of Paragon 28 and to work with such a passionate team to advance our mission to improve foot and ankle outcomes. I want to thank Albert, the Board of Directors and the leadership team for my time at Paragon 28. I am incredibly proud of our accomplishments over the past several years to scale the business and I look forward to seeing the Company continue its remarkable mission.”