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SHOULDER INNOVATIONS, INC. Director's Dealing 2025

Jul 31, 2025

33484_dirs_2025-07-30_363fe5fc-cd4b-40b7-af6b-ce120b675bf7.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SHOULDER INNOVATIONS, INC. (SI)
CIK: 0001699350
Period of Report: 2025-07-30

Reporting Person: BUCKMAN PAUL (Director)

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Series D Convertible Preferred Stock $ Common Stock (6198) Direct
Stock Option $2.0988 2030-12-16 Common Stock (26205) Direct
Stock Option $2.4804 2033-05-17 Common Stock (20543) Direct
Stock Option $2.862 2035-04-23 Common Stock (15212) Direct

Footnotes

F1: Immediately prior to the closing of the Issuer's initial public offering, the shares of preferred stock of the Issuer will automatically convert into shares of Common Stock on a one-for-0.052410901 basis. The shares of preferred stock have no expiration date.

F2: The stock option is fully vested and currently exercisable.

F3: The stock option vests in 36 equal monthly increments beginning on June 30, 2023.

F4: The stock option vests as to one-fourth of the underlying shares on April 1, 2026, and the remaining shares vest in 12 equal increments on the last day of each fiscal quarter beginning on June 30, 2026.