[Form 4] MOVADO GROUP INC Insider Trading Activity

Rhea-AI Filing Summary

Behzad Soltani, Chief Operating Officer of Movado Group, Inc. (MOV), acquired 105.76 phantom stock units on 09/30/2025. Each phantom stock unit is described as the economic equivalent of one share of Movado common stock and was issued under the issuer's Deferred Compensation Plan. The filing shows a $0 price for the units and reports 1,987.43 shares beneficially owned by Mr. Soltani following the transaction, held in a direct capacity. The phantom stock units are distributable in equal annual installments over 10 years after the reporting person’s termination of employment. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 10/02/2025.

Positive

• 105.76 phantom stock units granted to the COO align incentives with shareholder value over time
• Phantom units are payable in equal annual installments over 10 years, providing deferred, staggered payouts
• Transaction was disclosed on Form 4 with clear dates: 09/30/2025 (transaction) and 10/02/2025 (signature)

Negative

• None.

Insights

Corporate Compensation Analyst

Phantom units align executive compensation with shareholder value without immediate dilution.

The grant of 105.76 phantom stock units provides the COO with long‑term, deferred economic exposure to Movado common stock under the company's Deferred Compensation Plan. Because the units are paid in equal annual installments over 10 years after termination, the award delivers staggered payouts rather than a single lump sum, smoothing future cash or equity-equivalent obligations.

This structure links the executive's financial outcome to Movado’s share performance while preserving current share count, since phantom units are described as economic equivalents rather than immediate stock issuance.

Securities Compliance Expert

Filing records a routine Section 16 disclosure for an officer, specifying dates and ownership.

The Form 4 discloses the transaction date of 09/30/2025, a reported price of $0 for the phantom units, and beneficial ownership of 1,987.43 shares following the transaction. The form is signed by an attorney-in-fact on 10/02/2025, which complies with required execution and reporting formalities.

No other reportable transactions, amendments, or joint filings are indicated in the disclosed document.

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^*

Soltani Behzad

(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 Operating 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		105.76		(2)	(2)	Common Stock	105.76	$0	1,987.43	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 COO Behzad Soltani acquire on 09/30/2025?

He acquired 105.76 phantom stock units described as the economic equivalent of one share of Movado common stock.

How many Movado shares does Behzad Soltani beneficially own after the transaction?

The Form 4 reports 1,987.43 shares beneficially owned following the reported transaction.

What is the payment schedule for the phantom stock units?

The phantom stock units are distributable in equal annual installments for 10 years following the reporting person’s termination of employment as stated in the Deferred Compensation Plan.

What price was reported for the phantom stock units?

The filing shows a reported price of $0 for the phantom stock units.

When was the Form 4 signed and by whom?

The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 10/02/2025.