[Form 4] MOVADO GROUP INC Insider Trading Activity

Rhea-AI Filing Summary

Sallie A. DeMarsilis, Chief Financial Officer of Movado Group, Inc. (MOV), acquired 190.96 phantom stock units on 09/30/2025 under the issuer's Deferred Compensation Plan. Each phantom stock unit is the economic equivalent of one share of the company's common stock and the units are distributable in equal annual installments for 10 years following the reporting person’s termination of employment. After the reported transaction, the filing shows beneficial ownership of 4,814.56 shares held directly. The Form 4 was filed and signed by an attorney-in-fact on 10/02/2025.

Positive

• 190.96 phantom stock units acquired on 09/30/2025
• Beneficial ownership reported as 4,814.56 shares direct
• Phantom units are explicitly the economic equivalent of one share each

Negative

• None.

Insights

Executive Compensation Analyst

CFO received deferred compensation in the form of 190.96 phantom units, increasing direct ownership to 4,814.56 shares.

The filing documents a compensation-related grant under the issuer's Deferred Compensation Plan: 190.96 phantom stock units were acquired on 09/30/2025. Each unit equals one share economically and the units are payable in equal annual installments for 10 years after termination, indicating a long-term distribution schedule.

This is primarily a routine disclosure of insider compensation and ownership; the tangible items to monitor are the 190.96 units and the 10-year installment schedule as they affect future share-equivalent payouts.

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).

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 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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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)	09/30/2025		A		190.96		(2)	(2)	Common Stock	190.96	$0	4,814.56	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 distributable in equal annual installments for 10 years following date of reporting person's termination of employment with issuer.

	/s/ Mitchell C. Sussis, attorney-in-fact	10/02/2025
	** 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.

FAQ

What did Movado CFO Sallie DeMarsilis acquire on 09/30/2025 (MOV)?

The filing shows acquisition of 190.96 phantom stock units under Movado's Deferred Compensation Plan.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 reports 4,814.56 shares beneficially owned directly following the transaction.

When will the phantom stock units be paid out?

The units are distributable in equal annual installments for 10 years following the reporting person’s termination of employment, per the filing.

When was the Form 4 filed and signed for this transaction?

The signature block shows the form was signed by attorney-in-fact on 10/02/2025.

Are the phantom units equivalent to common stock?

Yes. The filing states each phantom stock unit is the economic equivalent of one share of Movado common stock.