MOVE director swaps 8,295 RSUs for 21,500 options, contingent

Rhea-AI Filing Summary

Movano Inc. (MOVE) director Form 4: On 11/03/2025, a director forfeited 8,295 restricted stock units in lieu of directors’ fees and received a stock option grant covering 21,500 shares of Common Stock at an exercise price of $1.25 per share. The option is contingent on shareholder approval of an amendment to the Omnibus Incentive Plan and will become exercisable upon that approval. The option shows an expiration date of 12/31/2025 and was reported as directly owned.

Insights

Equity Compensation Analyst

Routine compensation shift: RSUs forfeited for options, exercisable only if shareholders approve.

Movano Inc. disclosed that a director exchanged equity type — giving up 8,295 RSUs in lieu of fees and receiving a stock option for 21,500 shares at an exercise price of $1.25. This aligns with standard director compensation structures.

The grant is contingent on shareholder approval of an amendment to the Omnibus Incentive Plan. The option becomes exercisable only upon that approval, with an expiration date of 12/31/2025.

Because exercisability depends on shareholder action, near-term impact hinges on that outcome. Actual effects will reflect the approval result and any subsequent exercises.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Caballero Ruben

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock option (right to buy)	21,500	$0.00	--
Disposition	Common Stock	8,295	$0.00	--

Holdings After Transaction: Stock option (right to buy) — 21,500 shares (Direct); Common Stock — 535 shares (Direct)

Footnotes (1)

1. 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 directors' fees in exchange for the grant of stock options. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

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)
11/03/2025

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	11/03/2025		D		8,295(1)	D	$0	535	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 option (right to buy)	$1.25	11/03/2025		A		21,500		(2)	12/31/2025	Common Stock	21,500	$0	21,500	D

Explanation of Responses:

1. 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 directors' fees in exchange for the grant of stock options.

2. 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.

	/s/ Ruben Caballero by Mark R. Busch, attorney-in-fact	11/10/2025
	** 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 Inc. (MOVE) report in this insider filing?

A director forfeited 8,295 RSUs and received a stock option for 21,500 shares at $1.25 per share.

When did the transaction occur for MOVE?

The earliest transaction date reported is 11/03/2025.

Is the option immediately exercisable for MOVE’s director?

No. It becomes exercisable upon shareholder approval of a Plan Amendment.

What is the expiration date of the reported option?

The option lists an expiration date of 12/31/2025.

What is the exercise price of the option granted to the director?

The exercise price is $1.25 per share.

Why were RSUs forfeited in this MOVE filing?

The filing states the director forfeited RSUs in lieu of directors’ fees in exchange for a stock option grant.