Movado (MOV) CEO Efraim Grinberg exercises 100,000 options, net share increase

Rhea-AI Filing Summary

Movado Group Inc. Chairman and CEO Efraim Grinberg exercised stock options and had shares withheld for taxes. He exercised 100,000 Employee Stock Options at an exercise price of $16.87 per share, receiving 100,000 shares of Common Stock.

To cover tax obligations, 80,817 Common Shares were disposed of through a tax-withholding transaction at $27.08 per share, which is not an open-market sale. After these transactions, he holds approximately 393,859.599 Common Shares directly, plus 17,715 shares held by a trust and 9,935 shares held in an IRA.

Insider Trade Summary

100,000 shares exercised/converted

Mixed 5 txns

Insider GRINBERG EFRAIM

Role Chairman - CEO

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option	100,000	$0.00	--
Exercise	Common Stock	100,000	$16.87	$1.69M
Tax Withholding	Common Stock	80,817	$27.08	$2.19M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option — 100,000 shares (Direct); Common Stock — 474,676.599 shares (Direct); Common Stock — 17,715 shares (Indirect, By trust)

Footnotes (1)

Key Figures

Options Exercised: 100,000 shares Exercise Price: $16.87/share Tax-Withheld Shares: 80,817 shares +5 more

8 metrics

Options Exercised 100,000 shares Employee Stock Option exercise at $16.87 on 2026-04-16

Exercise Price $16.87/share Employee Stock Option strike price

Tax-Withheld Shares 80,817 shares Shares disposed under code F at $27.08/share

Tax-Withholding Price $27.08/share Price for F-code tax-withholding disposition

Direct Holdings After 393,859.599 shares Common Stock directly held following transactions

Indirect Trust Holdings 17,715 shares Common Stock held indirectly by trust

Indirect IRA Holdings 9,935 shares Common Stock held indirectly by IRA

Option Expiration 2030-12-01 Expiration date of Employee Stock Option grant

Key Terms

Employee Stock Option, tax-withholding disposition, derivative exercise/conversion, By trust, +1 more

5 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.

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.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

By trust financial

"nature_of_ownership": "By trust""

By IRA financial

"nature_of_ownership": "By IRA""

Form 4 Insider Transactions: What Each Field Means →

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^*

GRINBERG EFRAIM

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman - CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

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	04/16/2026		M		100,000	A	$16.87	474,676.599	D
Common Stock	04/16/2026		F		80,817	D	$27.08	393,859.599	D
Common Stock								17,715	I	By trust
Common Stock								9,935	I	By IRA

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	$16.87	04/16/2026		M			100,000	12/01/2023	12/01/2030	Common Stock	100,000	$0	100,000	D

Explanation of Responses:

	/s/ Mitchell C. Sussis, attorney-in-fact	04/17/2026
	** 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)

FAQ

What insider transaction did MOVADO GROUP INC (MOV) report for Efraim Grinberg?

MOVADO GROUP INC reported that Chairman and CEO Efraim Grinberg exercised 100,000 Employee Stock Options at $16.87 per share. The exercise converted derivative options into Common Stock as part of his equity compensation structure, rather than reflecting an open-market purchase.

How many Movado (MOV) shares were used to cover Efraim Grinberg’s tax obligations?

To cover tax obligations related to the option exercise, 80,817 Movado Common Shares were disposed of through a tax-withholding transaction at $27.08 per share. This is an issuer-withholding mechanism, not an open-market sale, and is common in equity compensation events.

How many Movado (MOV) shares does Efraim Grinberg hold after the reported Form 4 transactions?

After the reported transactions, Efraim Grinberg directly holds about 393,859.599 Movado Common Shares. He also has indirect holdings of 17,715 shares held by a trust and 9,935 shares held by an IRA, providing a combined view of his visible equity position.

Was the Movado (MOV) Form 4 transaction an open-market sale by Efraim Grinberg?

No, the filing shows a stock option exercise and a tax-withholding disposition, not an open-market sale. The 80,817 shares with code F were withheld to satisfy tax or exercise-related obligations, a routine administrative step in equity compensation plans.

What does transaction code M mean in the Movado (MOV) Form 4 for Efraim Grinberg?

Transaction code M indicates the exercise or conversion of a derivative security, such as a stock option. In this case, Efraim Grinberg exercised 100,000 Employee Stock Options at an exercise price of $16.87 per share, receiving 100,000 Movado Common Shares.

What does transaction code F signify in Efraim Grinberg’s Movado (MOV) Form 4 filing?

Transaction code F signifies a tax-withholding disposition, where shares are delivered to cover tax or exercise costs. For Movado, 80,817 Common Shares at $27.08 per share were used this way, meaning those shares satisfied obligations rather than being sold on the open market.