LSV Associates II, LLC - 30 Sep 2025 SCHEDULE 13G Report for Shoulder Innovations, Inc. Common Stock, par value $0.001 per share (SI)

Filing Manager: LSV Associates II, LLC
Reporting Manager: LSV Associates II, LLC
Security: Shoulder Innovations, Inc. Common Stock, par value $0.001 per share
Symbol: SI
Shares outstanding: 20,270,280 shares
Disclosed Ownership: 1,885,136 shares
Ownership: 9.3%
Form type: SCHEDULE 13G
Filing time: 14 Nov 2025, 17:11:47 UTC
Date of event: 30 Sep 2025
SEC: View on sec.gov

Reporting Managers (6)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title
LSV Associates II, LLC	9.3%	1,885,136	1,885,136	0	/s/ Travis Boettner	Travis Boettner, Attorney-in-Fact (See Note 1)
Lightstone Ventures II, L.P.	8.7%	1,781,479	1,781,479	0	/s/ Travis Boettner	By LSV Associates II, LLC, its General Partner, By Travis Boettner, Attorney-in-Fact (See Note 1)
Lightstone Ventures II (A), L.P.	0.5%	103,657	103,657	0	/s/ Travis Boettner	By LSV Associates II, LLC, its General Partner, By Travis Boettner, Attorney-in-Fact (See Note 1)
Michael A Carusi	9.3%	1,885,136	0	1,885,136	/s/ Travis Boettner	By Travis Boettner, Attorney-in-Fact for Michael A. Carusi (See Note 1)
Jean George	9.3%	1,885,136	0	1,885,136	/s/ Travis Boettner	By Travis Boettner, Attorney-in-Fact for Jean George (See Note 1)
Henry A. Plain Jr.	9.3%	1,885,136	0	1,885,136	/s/ Travis Boettner	By Travis Boettner, Attorney-in-Fact for Henry A. Plain Jr. (See Note 1)