Movano CFO exercises options, sells 28,736 shares

Movano Inc. CFO Jeremy Cogan reported an option exercise and related share sales.

Rhea-AI Filing Summary

Movano Inc. CFO Jeremy Cogan reported an option exercise and related share sales. On January 26, 2026, he exercised 64,834 stock options at an exercise price of $1.25 per share, receiving the same number of common shares.

On January 27, 2026, he sold an aggregate of 28,736 common shares in multiple open-market transactions at weighted average prices between $19.11 and $23.37. A footnote states these sales were made to pay withholding taxes and exercise prices tied to option awards granted in lieu of 2025 cash salary. After these transactions, he directly owned 60,504 Movano common shares.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 7 txns

Insider Cogan Jeremy

Role CFO

Sold 28,736 shs ($597K)

Approx. gross sale proceeds $597K

Approx. exercise cost $81K

Type	Security	Shares	Price	Value
Sale	Common Stock	3,288	$19.11	$63K
Sale	Common Stock	4,622	$20.07	$93K
Sale	Common Stock	13,179	$20.63	$272K
Sale	Common Stock	5,548	$21.76	$121K
Sale	Common Stock	2,099	$23.37	$49K
Exercise	Stock Options (Right to Buy)	64,834	$0.00	$0.00
Exercise	Common Stock	64,834	$1.25	$81K

Holdings After Transaction: Stock Options (Right to Buy) — 0 contracts (Direct); Common Stock — 60,504 shares (Direct)

Footnotes (7)

1. F1. 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.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.40 to $19.35, 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.
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.50 to $20.50, 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.
4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.51 to $21.50 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.
5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.70 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.
6. F6. 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.
7. F7. 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

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

What did Movano (MOVE) CFO Jeremy Cogan report in this Form 4?

The filing shows CFO Jeremy Cogan exercised 64,834 stock options at $1.25 per share, then sold 28,736 Movano common shares in multiple trades. After these transactions, he directly held 60,504 Movano Inc. shares.

How many Movano (MOVE) shares did the CFO sell, and at what prices?

Jeremy Cogan sold a total of 28,736 Movano common shares on January 27, 2026. The weighted average sale prices ranged from $19.11 to $23.37 per share, across multiple trades disclosed with detailed price ranges in the footnotes.

Why were Movano (MOVE) CFO Jeremy Cogan’s shares sold in this transaction?

The filing states the shares were sold to pay withholding taxes and exercise prices. These obligations arose from exercising stock option awards that had been granted to him in 2025 instead of receiving part of his compensation in cash salary.

How many Movano (MOVE) shares does the CFO own after these trades?

After the reported option exercise and subsequent stock sales, CFO Jeremy Cogan directly owns 60,504 shares of Movano common stock. This figure is reported in the Form 4 as the amount beneficially owned following the final transaction on January 27, 2026.

What stock options did Movano (MOVE) CFO exercise in this Form 4?

He exercised 64,834 stock options with a conversion or exercise price of $1.25 per share on January 26, 2026. The options became exercisable after shareholder approval of an Omnibus Incentive Plan amendment on December 16, 2025, as described in the footnotes.

How were the sale prices for Movano (MOVE) CFO’s trades calculated?

Each reported price is a weighted average sale price for multiple transactions. The footnotes explain that underlying trades occurred within specific price ranges, such as $18.40–$19.35 and $23.335–$23.38, with full trade details available upon request to Movano or regulators.

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

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Accepted by SEC EDGAR 01/28/2026 - 05:15 PM 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^*

Cogan Jeremy

(Last) (First) (Middle)

C/O MOVANO, INC.

6800 KOLL CENTER PARKWAY

(Street)

PLEASANTON CA 94566

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Movano Inc. [ MOVE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

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
Common Stock	01/26/2026		M		64,834	A	$1.25	89,240	D
Common Stock	01/27/2026		S(1)		3,288	D	$19.11(2)	85,952	D
Common Stock	01/27/2026		S(1)		4,622	D	$20.07(3)	81,330	D
Common Stock	01/27/2026		S(1)		13,179	D	$20.63(4)	68,151	D
Common Stock	01/27/2026		S(1)		5,548	D	$21.76(5)	62,603	D
Common Stock	01/27/2026		S(1)		2,099	D	$23.37(6)	60,504	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
Stock Options (Right to Buy)	$1.25	01/26/2026		M			64,834	(7)	03/15/2026	Common Stock	64,834	$0.00	0	D

Explanation of Responses:

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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.40 to $19.35, 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.50 to $20.50, 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.51 to $21.50 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.70 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.

6. 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.

7. 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.

	/s/ Jeremy Cogan by Mark R. Busch, attorney-in-fact	01/28/2026
	** 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.