Shoulder Innovations (SI) Director Richard Buchholz Receives RSU Award

What Happened Richard Buchholz, a director of Shoulder Innovations, Inc. (ticker: SI), received an award of 5,046 restricted stock units (RSUs) on June 26, 2026. The grant is reported at $0.00 per share (total reported value $0) and is an equity compensation award—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-26; Form 4 filed: 2026-06-29 (Accession: 0001737133-26-000003). No late-filing flag is indicated in the provided data.
• Transaction type: Award/Grant (code A) — 5,046 RSUs granted. Reported acquisition price: $0.00; reported cash value: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote (F1): The RSUs vest on the earlier of the company’s 2027 annual meeting or June 26, 2027. Each RSU represents a contingent right to receive one share of common stock and has no expiration date.

Context RSUs are a form of compensation that convert into actual shares only when they vest; until then they are generally nontransferable and may be forfeited if vesting conditions aren’t met. Because this is a granted award (compensation) rather than an outright purchase, it should be viewed as a routine director equity grant rather than a clear market-confidence signal.