Movado Group (NYSE: MOV) SVP Kennedy Reports Stock Sale and Phantom Unit Payout

Rhea-AI Filing Summary

Movado Group SVP Michelle Kennedy reported recent stock transactions. On December 9, 2025, she sold 1,290 shares of Movado Group common stock at a price of $20.89 per share, leaving her with 27,856.834 shares directly owned after that sale. On January 2, 2026, she settled 84 shares of common stock through the exercise of phantom stock units at no cash exercise price, increasing her direct holdings to 27,940.834 common shares.

The filing also shows activity in phantom stock units, which are stated to be the economic equivalent of one share of Movado Group common stock. On January 2, 2026, 84.674 phantom stock units were converted into common stock under the company’s Deferred Compensation Plan, with 471.246 phantom stock units remaining directly held after the transaction.

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
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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^*

Kennedy Michelle

(Last) (First) (Middle)

C/O MOVADO GROUP, INC.,

650 FROM ROAD, SUITE 375

(Street)

PARAMUS NJ 07652

(City) (State) (Zip)

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)
	SVP, Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025

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

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

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

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	12/09/2025		S		1,290	D	$20.89	27,856.834	D
Common Stock	01/02/2026		M		84	A	(1)	27,940.834	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
Phantom Stock Unit	(1)	01/02/2026		M			84.674	(2)	(2)	Common Stock	84.674	$0	471.246	D

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock.

2. Phantom stock units acquired under issuer's Deferred Compensation Plan. Shares of common stock underlying such phantom units distributed to the reporting person on January 2, 2026 pursuant to the reporting person's distribution election(s) on file.

	/s/ Mitchell C. Sussis, attorney-in-fact	01/12/2026
	** 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.
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FAQ

What insider activity did Movado Group (MOV) report for Michelle Kennedy?

The filing shows that Michelle Kennedy, SVP of Human Resources at Movado Group, sold 1,290 shares of common stock on December 9, 2025 and settled 84 shares of common stock from phantom stock units on January 2, 2026.

At what price were Michelle Kennedy's Movado (MOV) shares sold?

On December 9, 2025, Michelle Kennedy sold 1,290 shares of Movado Group common stock at a price of $20.89 per share.

How many Movado (MOV) common shares does Michelle Kennedy own after these transactions?

After the reported transactions, Michelle Kennedy directly owns 27,940.834 shares of Movado Group common stock.

What are phantom stock units in the Movado Group (MOV) filing?

The filing states that each phantom stock unit is the economic equivalent of one share of Movado Group common stock and that the units were acquired under the issuer's Deferred Compensation Plan.

What happened to Michelle Kennedy’s phantom stock units at Movado (MOV)?

On January 2, 2026, 84.674 phantom stock units were converted into common stock, and she held 471.246 phantom stock units directly after the transaction.

Was there any cost to Michelle Kennedy to convert phantom stock units at Movado (MOV)?

The conversion of 84.674 phantom stock units into common stock on January 2, 2026 is reported with a price of $0 per derivative security.