AHEARN MATTHEW FRASER enters SHOULDER INNOVATIONS, INC. with 40.79K shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Derivatives

AHEARN MATTHEW FRASER

Filed: 7/30/2025ACC: 0001641172-25-021636

InsiderAHEARN MATTHEW FRASERCIK 2070582

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IssuerSHOULDER INNOVATIONS, INC.CIK 1699350

DirectorOfficer· Chief Operating Officer

Since Jan 2026

40.79K

Baseline shares

100% direct

40.79K

Direct ownership

1 position

258.51K

Derivative underlying

9 instruments

Security positions

All direct

Non-Derivative Holdings1

Common Stock

Direct

Shares owned40.79K

Total

40.79K direct40.79K

Security Title	Shares Owned	Ownership Type
Common Stock	40.79K	Direct
Total	40.79K	40.79K direct

Derivative Holdings9

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

1.65K

Shares owned

N/A

Exercise price

1.0303

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

9.01K

Shares owned

N/A

Exercise price

0.1965

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

78.62K

Shares owned

N/A

Exercise price

2.0988

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

12.29K

Shares owned

N/A

Exercise price

0.9349

Expiration

—

Exercise window

—

Series B Convertible Preferred Stock

Direct

Underlying security

Common Stock

Underlying shares

11.44K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Series Seed Convertible Preferred Stock

Direct

Underlying security

Common Stock

Underlying shares

13.14K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Series A Convertible Preferred Stock

Direct

Underlying security

Common Stock

Underlying shares

42.67K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

32.73K

Shares owned

N/A

Exercise price

2.4804

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

56.97K

Shares owned

N/A

Exercise price

2.8620

Expiration

—

Exercise window

—

Total

Underlying

258.51K

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Direct	Common Stock	1.0303	—	—	1.65K	N/A
Stock Option Direct	Common Stock	0.1965	—	—	9.01K	N/A
Stock Option Direct	Common Stock	2.0988	—	—	78.62K	N/A
Stock Option Direct	Common Stock	0.9349	—	—	12.29K	N/A
Series B Convertible Preferred Stock Direct	Common Stock		—	—	11.44K	N/A
Series Seed Convertible Preferred Stock Direct	Common Stock		—	—	13.14K	N/A
Series A Convertible Preferred Stock Direct	Common Stock		—	—	42.67K	N/A
Stock Option Direct	Common Stock	2.4804	—	—	32.73K	N/A
Stock Option Direct	Common Stock	2.8620	—	—	56.97K	N/A
Total					258.51K	0.00