SHOULDER INNOVATIONS, INC. — Director's Dealing 2026

Feb 3, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHOULDER INNOVATIONS, INC. (SI)
CIK: 0001699350
Period of Report: 2026-01-30

Reporting Person: Ball Robert Joseph (Director, CEO & Executive Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-30	Stock Option	$14.16	A	265351	Acquired	2033-01-30	Common Stock (265351)	Direct

Footnotes

F1: The stock option vests as to one-fourth of the underlying shares on March 1st each year, beginning on March 1, 2027.