Tansey Casey M 4

What Happened Casey M. Tansey, a member of Shoulder Innovations' board and identified as a 10% owner, was granted 5,046 restricted stock units (RSUs) on 2026-06-26. The grant was reported as an acquisition at $0.00 per unit (total reported value $0). Each RSU represents a contingent right to one share of common stock and has no expiration date.

Key Details

• Transaction date: 2026-06-26; Form 4 filed 2026-06-29.
• Grant: 5,046 RSUs @ $0.00 (total reported $0).
• Vesting: RSUs vest on the earlier of the 2027 annual meeting or June 26, 2027 (Footnote F1).
• Deferral: Tansey elected to defer receipt of the underlying shares until departure from the Board (F1).
• Institutional ties: Footnotes F2–F3 explain Tansey’s managing partner role at Presidio Management Group entities (PMG XII and PMG Select) that have voting/dispositive power over certain USVP funds; these statements clarify institutional relationships and disclaimers of beneficial ownership for those holdings.
• Shares owned after the grant are not specified in the provided excerpt.

Context RSUs are an award (not an open-market purchase or sale). They are a promise to deliver stock in the future upon vesting; because Tansey has deferred receipt, no actual shares were issued at grant. For retail investors, grants can signal alignment with the company but do not carry the same immediate market commitment as outright purchases. The footnotes indicate this insider also has roles in venture-management entities that may control other institutional holdings separate from this personal RSU award.