Ahearn Matthew Fraser bought SI
April 20, 2026 · Form 4 insider transaction
Ahearn Matthew Fraser bought 7,421 shares of Shoulder Innovations, Inc. at $2.48 per share, a transaction worth $18.4K. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 1 day after the transaction.
Direction
Acquired (buy-side)
Shares
7,421
Price
$2.48
Total value
$18.4K
InsiderAhearn Matthew Fraser
Role—
SecurityCommon Stock
Transaction codeM: Option exercise
Transaction dateApril 20, 2026
Filing dateApril 21, 2026
Shares owned after272,522
OwnershipDirect
10b5-1 planNo
AmendedNo
Footnotes
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.