CEO Ball buys 2,200 SI shares at $15.18; unprofitable company, poor prior timing, but cluster pattern.
Ball Robert Joseph, CEO & Executive Chairman of SHOULDER INNOVATIONS, INC., purchased 2,200 shares at $15.18 on 2026-03-13, increasing holdings by 0.8% to 278.9K shares. The company is unprofitable with a net income of $-8.7M on $11.8M latest-quarter revenue, though annual revenue grew 49.6% year-over-year. Ball's prior trading at SI has shown poor timing outcomes: 0 of 4 prior buys at this ticker were well-timed at the 90-day mark, with three exhibiting 90-day losses (−3.6%, −5.5%, −0.6%). His cross-ticker track record is also weak, with an average 90d return of −2.9% and a 0.00% 90-day win rate across 4 prior buys. However, 2 other insiders also bought within the past 14 days, establishing a cluster buy pattern. Stock has appreciated 15.8% over 30 days but remains 7.8% below its 52-week high.