Movano (MOVE) director receives 5,960 RSUs as equity fees for 2026

Rhea-AI Filing Summary

Movano Inc. director Ruben Caballero reported receiving equity compensation instead of cash fees. On January 9, 2026, he acquired 2,980 shares of common stock at $0 per share, with the footnote explaining this reflects a grant of 2,980 restricted stock units (RSUs) under the Omnibus Incentive Plan in lieu of cash directors’ fees for the period from January 1, 2026 to June 30, 2026. A second transaction that same day reports another acquisition of 2,980 shares at $0 per share, tied to a separate grant of 2,980 RSUs for the same period. Following these grants, Caballero beneficially owned 6,495 shares of Movano common stock directly.

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

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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^*

Caballero Ruben

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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	01/09/2026		A		2,980(1)	A	$0	3,515	D
Common Stock	01/09/2026		A		2,980(2)	A	$0	6,495	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

Explanation of Responses:

1. The reported transaction involved the reporting person's receipt of a grant of 2,980 restricted stock units ("RSUs") under the Company's Omnibus Incentive Plan in lieu of cash directors' fees for the period January 1, 2026 to June 30, 2026.

2. The reported transaction involved the reporting person's receipt of a grant of 2,980 RSUs under the Company's Omnibus Incentive Plan for the period January 1, 2026 to June 30, 2026.

	/s/ Ruben Caballero by Mark R. Busch, attorney-in-fact	01/12/2026
	** 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.

FAQ

What did Movano (MOVE) director Ruben Caballero report in this Form 4?

Ruben Caballero reported the acquisition of Movano common stock tied to two grants of restricted stock units (RSUs) under the Company’s Omnibus Incentive Plan on January 9, 2026.

How many Movano shares did Ruben Caballero acquire on January 9, 2026?

He acquired 2,980 shares of Movano common stock in one transaction and another 2,980 shares in a second transaction, each at a reported price of $0 per share.

Why did Ruben Caballero receive 2,980 RSUs in one of the Movano (MOVE) grants?

One footnote states that the 2,980 RSUs were granted under the Omnibus Incentive Plan in lieu of cash directors’ fees for the period from January 1, 2026 to June 30, 2026.

What is the purpose of the second 2,980 RSU grant to the Movano director?

The second footnote explains that another 2,980 RSUs were granted under the Omnibus Incentive Plan for the same period, January 1, 2026 to June 30, 2026, as additional equity compensation.

How many Movano (MOVE) shares does Ruben Caballero own after these transactions?

After the reported acquisitions on January 9, 2026, Ruben Caballero beneficially owned 6,495 shares of Movano common stock directly.

What is Ruben Caballero’s relationship to Movano Inc.?

The filing identifies Ruben Caballero as a director of Movano Inc. and not a 10% owner or officer.