Movano Inc. (MOVE) director gets RSU grants instead of cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Movano Inc. director Shaheen Wirk reported stock-based compensation rather than a cash payment. On January 9, 2026, Wirk received a grant of 2,980 restricted stock units (RSUs) under Movano’s Omnibus Incentive Plan in lieu of cash directors’ fees for the period from January 1, 2026 to June 30, 2026. On the same date, Wirk received a separate grant of 2,980 RSUs under the same plan for service over that same January 1, 2026 to June 30, 2026 period.
Both transactions are reported at a price of $0 per share, reflecting equity compensation rather than a market purchase. Following these grants, Wirk is shown as beneficially owning 5,860 shares of Movano common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wirk Shaheen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,980 | $0.00 | -- |
| Grant/Award | Common Stock | 2,980 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,980 shares (Direct)
Footnotes (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. 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.
FAQ
What insider transaction did Movano Inc. (MOVE) disclose for Shaheen Wirk?
The filing reports that Movano Inc. director Shaheen Wirk received two equity grants of 2,980 restricted stock units (RSUs) each on January 9, 2026 under the company’s Omnibus Incentive Plan.
What period of service do Shaheen Wirk’s RSU grants at Movano (MOVE) cover?
Both RSU grants to Shaheen Wirk relate to director service for the period from January 1, 2026 to June 30, 2026, as stated in the footnotes.
Were Shaheen Wirk’s Movano (MOVE) RSU grants paid in cash or stock?
The Form 4 explains that one grant of 2,980 RSUs was received in lieu of cash directors' fees, and another grant of 2,980 RSUs was additional equity compensation for the same service period.
What transaction code is used for Shaheen Wirk’s Movano (MOVE) equity awards?
Both entries in the Form 4 use transaction code "A", indicating an acquisition of securities, with each grant reported at a price of $0 per share.
Is Shaheen Wirk a director or officer of Movano Inc. (MOVE)?
The filing identifies Shaheen Wirk as a director of Movano Inc. and does not list any officer role or 10% ownership status.