SI.NYSEShoulder Innovations, INC

SCHEDULE: Lightstone Ventures Discloses 9.3% Stake in Shoulder Innovations

Sentiment:

Beneficial Ownership Disclosure

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Lightstone Ventures II and its affiliates, including managing directors, have reported beneficial ownership of 9.3% of Shoulder Innovations, Inc.'s common stock.

Summary

  • LSV Associates II, LLC, Lightstone Ventures II, L.P., Lightstone Ventures II (A), L.P., and individuals Michael A. Carusi, Jean George, and Henry A. Plain Jr. have filed a Schedule 13G.
  • The filing reports beneficial ownership of common stock in Shoulder Innovations, Inc. (CUSIP: 82537J108).
  • LSV Associates II, LLC, Michael A. Carusi, Jean George, and Henry A. Plain Jr. each beneficially own 1,885,136 shares, representing 9.3% of the class.
  • Lightstone Ventures II, L.P. directly holds 1,781,479 shares, representing 8.7% of the class.
  • Lightstone Ventures II (A), L.P. directly holds 103,657 shares, representing 0.5% of the class.
  • LSV Associates II, LLC serves as the general partner for both Lightstone Ventures II, L.P. and Lightstone Ventures II (A), L.P., holding sole voting and investment authority over their respective shares.
  • Michael A. Carusi, Jean George, and Henry A. Plain Jr. are managing directors of LSV Associates II, LLC and share voting and investment authority over the shares held by the Lightstone Ventures entities.
  • The beneficial ownership percentages are based on 20,359,960 shares of common stock outstanding as of September 3, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed on September 9, 2025.
  • The reporting persons explicitly disclaim status as a 'group' for the purposes of this Schedule 13G.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

  • The filing details the beneficial ownership structure where LSV Associates II, LLC acts as the general partner for Lightstone Ventures II, L.P. and Lightstone Ventures II (A), L.P., and individuals Michael A. Carusi, Jean George, and Henry A. Plain Jr. are managing directors of LSV Associates II, LLC, sharing voting and investment authority over the shares held by the Lightstone Ventures entities. This establishes a clear relationship among the reporting persons concerning their investment in Shoulder Innovations, Inc., but no specific related party transactions with the issuer are disclosed.

Stakeholder Impact

  • Shareholders: The disclosure of significant institutional ownership provides transparency regarding the company's ownership structure and may signal institutional confidence or interest in Shoulder Innovations, Inc.
  • Company Management: Awareness of a significant shareholder group may influence strategic decisions or engagement with major investors.

Key Dates

DateDescription
2020-07-22Power of Attorney filed as Exhibit 24 to Form 3/A for ALX Oncology Holdings Inc. by the Reporting Persons, referenced in the signature note.
2025-09-03Date as of which 20,359,960 shares of common stock were outstanding, as reported in the Issuer's Quarterly Report on Form 10-Q.
2025-09-09Date the Issuer's Quarterly Report on Form 10-Q was filed with the Securities and Exchange Commission.
2025-09-30Date of the event which requires the filing of this statement (beneficial ownership calculation date).
2025-11-14Date the Joint Filing Agreement and Schedule 13G were signed and dated.

Keywords

Shoulder Innovations Inc., Lightstone Ventures, LSV Associates II, Schedule 13G, beneficial ownership, common stock, institutional ownership, Michael A. Carusi, Jean George, Henry A. Plain Jr., SEC filing

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