Form 4: Shoulder Innovations CEO Sells Shares
Insider Transaction (Form 4)
Robert Joseph Ball, CEO & Executive Chairman and a Director of Shoulder Innovations, Inc., sold 10,175 shares of common stock on September 14, 2026 for $18.45 per share.
Summary
- Option exercise/conversion: acquired 89,233 Common Stock at $2.10 ($187,282) on September 14, 2026; holds 390,999 after (Direct).
- Open-market sale: disposed of 10,175 Common Stock at $18.45 ($187,706) on September 14, 2026; holds 380,824 after (Direct).
- Option exercise/conversion: disposed of 89,233 Stock Option on September 14, 2026; holds 92,143 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $187,706 of stock on the open market.
Insider Transactions
Robert Joseph Ball — Director, Officer (CEO & Executive Chairman)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-14 | Option exercise/conversion | Common Stock | 89,233 | $2 | $187.3K | 390,999 |
| 2026-09-14 | Open-market sale | Common Stock | 10,175 | $18 | $187.7K | 380,824 |
| 2026-09-14 | Option exercise/conversion | Stock Option | 89,233 | — | — | 92,143 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-14 | Option exercise/conversion (89,233 shares) |
| 2026-09-14 | Open-market sale (10,175 shares) |
| 2026-09-14 | Option exercise/conversion (89,233 shares) |
Keywords
insider transaction, Form 4, SI, SHOULDER INNOVATIONS, INC., bearish, Robert Joseph Ball
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