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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1699350	Shoulder Innovations Inc.	SI	Surgical & Medical Instruments & Apparatus (3841)	270538764

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1753143	B Geoffrey Pardo	C/O Shoulder Innovations, Inc. 1535 Steele Avenue Sw, Suite B Grand Rapids MI 49507		Yes	No	Yes	No

Transaction Summary

Purchased:	100,000 shares	Avg. Price: $15.00	Total Value: $1,500,000.00
Number of Shares After Transactions:	7,666 shares

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2025-08-01	2,280,482	$0.00	2,280,482	No	4	C	Indirect	See Footnote
Common Stock	Acquisiton	2025-08-01	100,000	$15.00	2,380,482	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2025-08-01	7,666	$0.00	7,666	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	A	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series D Convertible Preferred Stock	Disposition	2025-08-01	33,259,424	$0.00	1,743,156	$0.00
Common Stock	Series E Convertible Preferred Stock	Disposition	2025-08-01	10,252,188	$0.00	537,326	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect
0			No	4	C	Indirect

Footnotes

Immediately prior to the closing of the Issuer's initial public offering, the shares of preferred stock of the Issuer automatically converted into shares of Common Stock on a one-for-0.052410901 basis.
Held directly by Cooperatieve Gilde Healthcare V U.A. ("Gilde"). Gilde Healthcare V Management B.V. is the managing director of Gilde and has sole voting and dispositive power with respect to the shares held by Gilde. Gilde Healthcare V Management B.V. is owned by Gilde Healthcare Holding B.V. and managed by Edwin de Graaf and Pieter van der Meer. Geoff Pardo is a partner at Gilde and may be deemed to share voting and dispositive power with respect to the shares held of record by Gilde. Mr. Pardo disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.
Represents an award of restricted stock units ("RSUs"). The RSUs will vest on the earlier of the date of the annual meeting of stockholders to be held in 2026 or August 1, 2026. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock and has no expiration date.