Movado CFO exercises options, shares withheld for taxes

Movado Group Inc. Chief Financial Officer Sallie A. DeMarsilis exercised stock options and had shares withheld for taxes.

Rhea-AI Filing Summary

Movado Group Inc. Chief Financial Officer Sallie A. DeMarsilis exercised stock options and had shares withheld for taxes. On June 18, 2026, she exercised employee stock options covering 13,660 shares of common stock at an exercise price of $23.35 per share, converting them into common stock. To cover tax obligations, 11,005 common shares were disposed of as a tax-withholding transaction at $38.38 per share rather than through an open-market sale. After these transactions, she directly owned 128,951 shares of Movado common stock, reflecting a net increase in her equity position from this option exercise.

Insider Trade Summary

13,660 shares exercised/converted

Exercise 3 txns

Insider DEMARSILIS SALLIE A

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option	13,660	$0.00	$0.00
Exercise	Common Stock	13,660	$23.35	$319K
Exercise Price or Tax Liability	Common Stock	11,005	$38.38	$422K

Holdings After Transaction: Employee Stock Option — 0 contracts (Direct); Common Stock — 128,951 shares (Direct)

Key Figures

Options exercised: 13,660 shares Exercise price: $23.35 per share Tax-withholding shares: 11,005 shares +5 more

8 metrics

Options exercised 13,660 shares Employee stock options converted to common stock on June 18, 2026

Exercise price $23.35 per share Strike price for exercised employee stock options

Tax-withholding shares 11,005 shares Shares delivered to satisfy tax liability at $38.38 per share

Market value for withholding $38.38 per share Price used for tax-withholding disposition of common stock

Shares owned after transactions 128,951 shares Direct Movado common stock holdings after June 18, 2026

Net shares added 2,655 shares Options exercised (13,660) minus tax-withheld shares (11,005)

Tax-withholding transaction code Code F Payment of tax liability by delivering securities

Option exercise transaction code Code M Exercise or conversion of derivative security

Key Terms

Employee Stock Option, derivative security, tax-withholding disposition, exercise price

4 terms

Employee Stock Option financial

"security_title": "Employee Stock Option""

An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

exercise price financial

"conversion_or_exercise_price": "23.3500""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Movado (MOV) disclose for its CFO?

Movado reported its CFO Sallie A. DeMarsilis exercised employee stock options for 13,660 common shares and had 11,005 shares withheld to cover tax obligations, resulting in a net increase in directly held common stock.

Did the Movado (MOV) CFO sell shares on the open market?

The filing shows a tax-withholding disposition of 11,005 shares at $38.38 per share, not an open-market sale. These shares were delivered to satisfy tax liabilities related to the stock option exercise.

How many Movado (MOV) options did the CFO exercise and at what price?

Sallie A. DeMarsilis exercised employee stock options on 13,660 underlying common shares at an exercise price of $23.35 per share, converting those options into Movado common stock on June 18, 2026.

What are the Movado (MOV) CFO’s holdings after the reported transactions?

Following the June 18, 2026 transactions, the CFO directly owned 128,951 shares of Movado common stock. The derivativeSummary shows no remaining options from the exercised grant after this activity.

Were there both acquisition and disposition transactions in this Movado (MOV) Form 4?

Yes. The CFO acquired common stock by exercising options on 13,660 shares and disposed of 11,005 shares through a tax-withholding transaction, a non-market mechanism used to satisfy tax obligations on equity compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/23/2026 - 05:18 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DEMARSILIS SALLIE A

(Last) (First) (Middle)

C/O MOVADO GROUP, INC.,

650 FROM ROAD, SUITE 375

(Street)

PARAMUS NEW JERSEY 07652

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MOVADO GROUP INC [ MOV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/18/2026		M		13,660	A	$23.35	139,956	D
Common Stock	06/18/2026		F		11,005	D	$38.38	128,951	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option	$23.35	06/18/2026		M			13,660	04/17/2020	04/17/2027	Common Stock	13,660	$0	0	D

Explanation of Responses:

	/s/ Mitchell C. Sussis, attorney-in-fact	06/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)