Ahearn Matthew Fraser 4

What Happened Matthew Fraser Ahearn, Chief Operating Officer of Shoulder Innovations, received a derivative award on January 30, 2026: a grant of 88,450 shares reported as a stock option/derivative with a reported price of $0. This filing records the award (transaction code A) rather than an open‑market purchase or sale, so there was no immediate cash paid or stock sold.

Key Details

• Transaction date: 2026-01-30; filing date: 2026-02-03 (filed within the required two business days).
• Award size: 88,450 shares reported as a derivative grant; reported price/exercise = $0.
• Shares owned after transaction: not specified in the provided filing summary (see the full Form 4 for total holdings).
• Footnote: the stock option vests as to one-fourth of the underlying shares on March 1 each year, beginning March 1, 2027.
• Transaction code: A = Award/Grant.

Context

• This was an equity compensation grant to an executive, not an open-market trade; such awards are common for retention and incentive pay and do not by themselves signal an immediate buy or sell action.
• Because this is a stock option grant (derivative) with a multi-year vesting schedule, any future market impact would depend on vesting, potential exercise, and subsequent sales.