Movano (MOVE) director forfeits 12,442 RSUs; gets 55,250 options
Movano Inc. (MOVE) reported an insider equity change.
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Rhea-AI Filing Summary
Movano Inc. (MOVE) reported an insider equity change. On 11/03/2025, a director forfeited 12,442 previously awarded RSUs in lieu of directors’ fees and received a stock option for 55,250 shares at an exercise price of $1.25.
The option will become exercisable upon shareholder approval of an amendment increasing shares under the Omnibus Incentive Plan. Following the transactions, the director beneficially owned 2,690 common shares. The disclosed option lists an expiration date of 12/31/2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 55,250 | $0.00 | $0.00 |
| Disposition | Common Stock | 12,442 | $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 directors' fees 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Movano (MOVE) disclose in this Form 4?
Is the new stock option immediately exercisable for MOVE?
What is the exercise price and size of the option granted at Movano?
Why were the RSUs forfeited by the Movano director?
What is the disclosed expiration date of the new option?
AI-generated analysis. How Rhea-AI works. Not financial advice.