Movado CEO exercises 50K options, covers taxes

Movado Group Inc. chairman and CEO Efraim Grinberg exercised employee stock options and settled related taxes using shares.

Rhea-AI Filing Summary

Movado Group Inc. chairman and CEO Efraim Grinberg exercised employee stock options and settled related taxes using shares. He exercised options to acquire 50,000 shares of common stock at $16.87 per share and 36,713 shares were withheld at $38.69 per share to cover tax obligations, resulting in a net 13,287 shares from the exercise. Following these transactions, he holds 407,146.599 shares of common stock directly, plus 9,935 shares held indirectly through an IRA and 17,715 shares held indirectly by a trust.

Insider Trade Summary

50,000 shares exercised/converted

Exercise 5 txns

Insider GRINBERG EFRAIM

Role Chairman - CEO

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option	50,000	$0.00	$0.00
Exercise	Common Stock	50,000	$16.87	$844K
Exercise Price or Tax Liability	Common Stock	36,713	$38.69	$1.42M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option — 50,000 contracts (Direct); Common Stock — 407,146.599 shares (Direct); Common Stock — 17,715 shares (Indirect, By trust); Common Stock — 9,935 shares (Indirect, By IRA)

Key Figures

Options exercised: 50,000 shares Exercise price: $16.87/share Tax-withholding shares: 36,713 shares +4 more

7 metrics

Options exercised 50,000 shares Employee stock option exercise at $16.87 per share on 2026-06-23

Exercise price $16.87/share Strike price of Employee Stock Option underlying 50,000 MOV shares

Tax-withholding shares 36,713 shares Shares withheld to cover tax liability at $38.69 per share

Tax-withholding price $38.69/share Value used for shares withheld for taxes on 2026-06-23

Direct holdings after transactions 443,859.599 shares Common stock directly owned by Efraim Grinberg after Form 4 transactions

Indirect IRA holdings 9,935 shares Common stock held indirectly through IRA, as of 2026-06-23

Indirect trust holdings 17,715 shares Common stock held indirectly by trust, as of 2026-06-23

Key Terms

tax-withholding disposition, Employee Stock Option, derivative exercise/conversion, indirect ownership, +1 more

5 terms

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.

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 exercise/conversion financial

""transaction_action": "derivative exercise/conversion""

indirect ownership financial

""ownership_type": "indirect""

nature of ownership financial

""nature_of_ownership": "By trust""

FAQ

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

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

MOVADO GROUP INC reported that chairman and CEO Efraim Grinberg exercised employee stock options for 50,000 common shares and had 36,713 shares withheld to cover tax obligations, resulting in a net increase of 13,287 directly held shares.

At what prices did Efraim Grinberg’s MOV stock option exercise and tax withholding occur?

Efraim Grinberg exercised employee stock options at a strike price of $16.87 per MOV share. To cover related tax obligations, 36,713 shares were withheld at a market price of $38.69 per share, according to the Form 4 disclosure.

How many MOVADO GROUP INC (MOV) shares does Efraim Grinberg hold after this Form 4?

After the reported transactions, Efraim Grinberg directly holds 443,859.599 MOV common shares. He also has indirect holdings of 9,935 shares through an IRA and 17,715 shares through a trust, as disclosed in the Form 4 filing.

Was Efraim Grinberg’s MOV Form 4 transaction a market sale of shares?

The filing shows a tax-withholding disposition of 36,713 MOV shares rather than an open-market sale. These shares were withheld at $38.69 per share to satisfy tax liabilities linked to exercising 50,000 employee stock options.

What type of derivative security did Efraim Grinberg exercise in the MOV Form 4?

Efraim Grinberg exercised 50,000 shares of an Employee Stock Option with a conversion or exercise price of $16.87 per MOV share. The underlying security was common stock, and the transaction is classified as a derivative exercise.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/24/2026 - 05:09 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^*

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)
06/23/2026

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	06/23/2026		M		50,000	A	$16.87	443,859.599	D
Common Stock	06/23/2026		F		36,713	D	$38.69	407,146.599	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	06/23/2026		M			50,000	12/01/2023	12/01/2030	Common Stock	50,000	$0	50,000	D

Explanation of Responses:

	/s/ Mitchell C. Sussis, attorney-in-fact	06/24/2026
	** 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)