Movado GC exercises options, covers tax with shares

MOVADO GROUP INC Senior VP and General Counsel Mitchell Cole Sussis reported routine equity compensation transactions.

Rhea-AI Filing Summary

MOVADO GROUP INC Senior VP and General Counsel Mitchell Cole Sussis reported routine equity compensation transactions. On 2026-06-22, he exercised options to acquire 7,980 shares of common stock at $23.35 per share. To cover tax obligations, 6,245 shares were automatically withheld at a value of $39.26 per share, rather than sold in the open market. Following these transactions, he directly holds 47,765 shares of Movado common stock. No open‑market purchases or sales were reported in this filing.

Insider Trade Summary

7,980 shares exercised/converted

Exercise 3 txns

Insider Sussis Mitchell Cole

Role Senior VP and General Counsel

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option	7,980	$0.00	$0.00
Exercise	Common Stock	7,980	$23.35	$186K
Exercise Price or Tax Liability	Common Stock	6,245	$39.26	$245K

Holdings After Transaction: Employee Stock Option — 0 contracts (Direct); Common Stock — 47,765 shares (Direct)

Key Figures

Options exercised: 7,980 shares Exercise price: $23.35/share Shares withheld for tax: 6,245 shares +4 more

7 metrics

Options exercised 7,980 shares Common stock acquired via option exercise on 2026-06-22

Exercise price $23.35/share Employee stock option conversion price

Shares withheld for tax 6,245 shares F-code tax-withholding disposition on 2026-06-22

Withholding share value $39.26/share Value used for tax-withholding shares

Shares held after transactions 47,765 shares Direct common stock ownership after 2026-06-22 activity

Net buy/sell direction Neutral No open-market buys or sells in this Form 4

Option expiration April 17, 2027 Expiration date of exercised employee stock options

Key Terms

tax-withholding disposition, Exercise or conversion of derivative security, Employee Stock Option, derivative security

4 terms

tax-withholding disposition financial

"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 or conversion of derivative security financial

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

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

"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.

FAQ

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

What insider transactions did MOV Senior VP and General Counsel report?

Mitchell Cole Sussis exercised stock options for 7,980 Movado shares and had 6,245 shares withheld to cover taxes. These were compensation-related events, not open-market trades, and left him holding 47,765 common shares directly.

Did the MOV insider buy or sell shares in the open market?

The filing shows no open-market buying or selling. Instead, options were exercised to acquire shares and a portion of those shares was withheld to satisfy tax obligations, a standard administrative process for equity compensation rather than a discretionary market trade.

How many Movado shares does the insider hold after these Form 4 transactions?

After the reported transactions, Mitchell Cole Sussis directly holds 47,765 shares of Movado Group common stock. This figure reflects the net position after exercising 7,980 options and having 6,245 shares withheld to cover associated tax liabilities.

What was the exercise price of the MOV stock options used in this transaction?

The employee stock options were exercised at an exercise price of $23.35 per share. These options related to 7,980 underlying shares of Movado common stock and were originally granted with an expiration date of April 17, 2027.

Why were 6,245 MOV shares disposed of in this Form 4?

The 6,245 shares were disposed of to pay tax liabilities linked to the option exercise. This tax-withholding disposition uses shares instead of cash to satisfy taxes and is coded as an F transaction, not as a voluntary open-market sale.

What does the neutral net buy/sell direction in the MOV Form 4 indicate?

The neutral net buy/sell direction indicates no net open-market buying or selling in this report. Activity consisted of an option exercise to acquire shares and a related tax-withholding share disposition, typical for equity compensation administration.

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

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Accepted by SEC EDGAR 06/23/2026 - 05:20 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^*

Sussis Mitchell Cole

(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)
	Senior VP and General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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	06/22/2026		M		7,980	A	$23.35	54,010	D
Common Stock	06/22/2026		F		6,245	D	$39.26	47,765	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	06/22/2026		M			7,980	04/17/2020	04/17/2027	Common Stock	7,980	$0	0	D

Explanation of Responses:

	/s/ Mitchell Cole Sussis	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)