Movano (MOVE) CTO forfeits 21,260 shares; granted 42,250 options
Movano Inc. (MOVE) reported an insider transaction on a Form 4.
Rhea-AI Filing Summary
Movano Inc. (MOVE) reported an insider transaction on a Form 4. A director and Chief Technology Officer forfeited previously awarded RSUs in lieu of salary and received a stock option grant. On 11/03/2025, the insider disposed of 21,260 shares at a reported price of $0. Following the transaction, the insider directly owned 356 shares of common stock.
Concurrently, the insider was granted 42,250 stock options with an exercise price of $1.25 per share. The grant is contingent upon shareholder approval of an amendment to the Omnibus Incentive Plan, and the option will become exercisable upon that approval. The option carries an expiration date of 12/31/2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 42,250 | $0.00 | $0.00 |
| Disposition | Common Stock | 21,260 | $0.00 | $0.00 |
Footnotes (2)
- F1. The reported transaction involved the reporting person's forfeiture of previously awarded restricted stock units ("RSUs") under the Company's Omnibus Inctive Plan (the "Omnibus Incentive Plan") in lieu of salary in exchange for the grant of stock options.
- F2. 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 will become exerciseable upon shareholder approval of the Plan Amendment.
FAQ
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What did Movano (MOVE) disclose in this Form 4?
What are the terms of the stock options granted?
When do the options become exercisable?
Why were the RSUs forfeited?
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