Movano (NASDAQ: MOVE) CEO exercises options, sells stock to cover taxes and costs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Movano Inc. Chief Executive Officer and Director John Mastrototaro reported exercising stock options and related share sales. On January 26, 2026, he exercised 72,834 stock options at an exercise price of $1.25 per share, receiving the same number of common shares.
On January 27, 2026, he sold several blocks of Movano common stock, including 4,512 shares at a weighted average of $19.12, 5,444 shares at $20.18, 14,960 shares at $20.75, 5,746 shares at $21.78, and 2,407 shares at $23.37. A footnote states these sales were made to pay withholding taxes and exercise prices tied to stock option awards granted in lieu of 2025 cash salary. After the transactions, he directly owned 56,114 Movano common shares.
The option exercised was granted contingent on shareholder approval of an amendment to Movano’s Omnibus Incentive Plan increasing authorized shares; it became exercisable upon shareholder approval of the Plan Amendment on December 16, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 33,069 shares ($687,949)
Net Sell
7 txns
Insider
Mastrototaro John
Role
Chief Executive Officer
Sold
33,069 shs ($688K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,512 | $19.12 | $86K |
| Sale | Common Stock | 5,444 | $20.18 | $110K |
| Sale | Common Stock | 14,960 | $20.75 | $310K |
| Sale | Common Stock | 5,746 | $21.78 | $125K |
| Sale | Common Stock | 2,407 | $23.37 | $56K |
| Exercise | Stock Options (Right to Buy) | 72,834 | $0.00 | -- |
| Exercise | Common Stock | 72,834 | $1.25 | $91K |
Holdings After Transaction:
Common Stock — 84,671 shares (Direct);
Stock Options (Right to Buy) — 0 shares (Direct)
Footnotes (1)
- Represents shares sold to pay withholding taxes and exercise prices due in connection with the exercise of stock option awards granted to the reporting person in lieu of cash salary during 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.57 to $19.354, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.59 to $20.59, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.60 to $21.575 inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.65 to $22.24 inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.335 to $23.38 inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. This option award was granted contingent upon shareholder approval of an amendment to the Omnibus Incentive Plan that increases the number of shares of Common Stock authorized for issuance under the Plan (the "Plan Amendment"). The option became exerciseable upon shareholder approval of the Plan Amendment on December 16, 2025.
FAQ
What insider transactions did Movano (MOVE) CEO John Mastrototaro report?
John Mastrototaro reported exercising 72,834 stock options at $1.25 per share and selling multiple blocks of Movano common stock on January 27, 2026. Following these transactions, he directly owned 56,114 shares of Movano common stock.
How many Movano (MOVE) stock options did the CEO exercise and at what price?
He exercised 72,834 stock options, each with an exercise price of $1.25 per share, on January 26, 2026. The transaction converted those options into an equal number of Movano common shares before subsequent sales used to cover related obligations.
What made the Movano (MOVE) stock option grant exercisable for the CEO?
The option award was contingent on shareholder approval of a Plan Amendment increasing shares authorized under the Omnibus Incentive Plan. It became exercisable when shareholders approved the amendment on December 16, 2025, enabling the later exercise of 72,834 options.