AHEARN MATTHEW FRASER

PrivateCIK: 2070582
Location

HOLLAND, MI

AHEARN MATTHEW FRASER (Chief Operating Officer) exercised options at SHOULDER INNOVATIONS, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises
InsiderAHEARN MATTHEW FRASERCIK 2070582
DirectorOfficer· Chief Operating Officer
Since Jan 2026
0.00
Net shares
Net seller
$217.3K
Total acquired
0
Open market trades
0B · 0S
6
Total transactions
107.34K acquired · 107.34K disposed
Non-Derivative Transactions3

Common Stock

Direct
M · Option Exercise

Shares

+12.29K

Price / share

$0.93

Trade value

$11.49K

% of position

11.4%
9/11/2025
108.03K120.32K

Common Stock

Direct
M · Option Exercise

Shares

+78.62K

Price / share

$2.10

Trade value

$165K

% of position

65.3%
9/11/2025
120.32K198.94K

Common Stock

Direct
M · Option Exercise

Shares

+16.44K

Price / share

$2.48

Trade value

$40.79K

% of position

8.3%
9/11/2025
198.94K215.38K
Total

Net shares

+107.34K

Net value

$217.27K

Derivative Transactions3

Stock Option

Direct
M · Option Exercise
Converts to

Common Stock

12.29K shares

Shares

12.29K

Strike price

0.9349

Held after

0.00

Exercisable

9/11/2025

Stock Option

Direct
M · Option Exercise
Converts to

Common Stock

78.62K shares

Shares

78.62K

Strike price

2.0988

Held after

0.00

Exercisable

9/11/2025

Stock Option

Direct
M · Option Exercise
Converts to

Common Stock

16.44K shares

Shares

16.44K

Strike price

2.4804

Held after

16.29K

Exercisable

9/11/2025
AHEARN MATTHEW FRASER — Insider Transaction (Form 4) Filed Sep 15, 2025 | Finecho