Buchholz Richard 4

What Happened
Richard Buchholz, a director of Shoulder Innovations, Inc. (SI), reported purchasing 1,000 shares on 2026-03-13 at $14.84 per share, for a total reported cost of $14,840. The transaction is reported as a purchase (code P), described as an open market or private purchase.

Key Details

• Transaction date: 2026-03-13; Price: $14.84 per share; Total value: $14,840.
• Transaction type: Purchase (code P) — reported as open market/private purchase; specific venue not specified.
• Shares owned after transaction: not provided in the information supplied.
• Footnotes/plan details: None reported in the provided data (no 10b5-1 plan or tax-withholding notes indicated).
• Filing date: 2026-03-17 — filed within the typical 2-business-day window following the transaction (timely).

Context
Insider purchases are often watched by investors as a potential signal of confidence, but they do not guarantee future performance. This is a straightforward director purchase (not an option exercise, award, or gift) and is relatively small in dollar size; treat it as one data point among other company and market information.