Ball Robert Joseph 4

What Happened
Robert Joseph Ball, CEO & Executive Chairman and a director of SHOULDER INNOVATIONS, INC. (SI), was granted 265,351 derivative securities on January 30, 2026. The filing reports an acquisition price of $0.00 and a total reported value of $0 (this is a derivative grant, not an open-market cash purchase or sale). This transaction is an award (compensation grant) rather than a sale; it represents an issuance of equity-linked securities to the insider.

Key Details

• Transaction date: 2026-01-30; filing date: 2026-02-03 (filed within the typical 2-business-day window).
• Instrument: Derivative grant reported as "A" (award/acquisition). Reported acquisition price: $0.00. Quantity: 265,351 underlying shares.
• Shares owned after transaction: Not specified in the provided data.
• Footnote: The grant is a stock option that vests as to one-fourth of the underlying shares on March 1 each year, beginning March 1, 2027 (annual vesting schedule noted).
• No indication in the filing that any shares were immediately sold or that this was a cashless exercise.

Context: This was an equity compensation award (a derivative stock-option grant) to an executive. Such grants are commonly used for retention and incentive and do not reflect an open-market purchase or sale. Because the award vests over time, the recipient does not immediately receive all underlying shares.