Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Apr 20, 2026
Reporting period
Not applicable
Filed with the SEC
Apr 22, 2026
DirectorOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0002070582-26-000003
Filed / recorded
Apr 22, 2026, 12:39 AM UTC
Added to OQRO
Oct 7, 2026, 5:52 AM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
SHOULDER INNOVATIONS, INC.
Issuer CIK
1699350
Ticker
SI
Reporting person
Matthew Fraser Ahearn
Relationship
Director, Officer
Officer title
Chief Operating Officer
Security
Common Stock
Table
Non-derivative (Table I)
Transaction date
Apr 20, 2026
Transaction code
M
Shares / units
7,421
Price per share
$2.48
Acquired / disposed
Acquired (A)
Shares owned after
272,522
Ownership form
Direct
Amendment
No
Footnotes from the filing
Includes the following shares received without consideration as in-kind distributions: (i) 39,404 shares from Genesis Investment Holdings; (ii) 1,572 shares from cultivate(MD) Capital Accelerator Fund, L.P.; (iii) 4,400 shares from Cultivate MD Capital Fund I, LLC; and (iv) 3,869 shares from Cultivate MD Capital Fund II, LP. In prior reports, the reporting person reported beneficial ownership of 215,856 shares of Shoulder Innovations common stock held directly.