Movano CEO receives 11,919 RSUs in lieu salary
Movano Inc. (MOVE) filed an insider trading report showing its Chief Executive Officer and director, John Mastrototaro, receiving additional equity compensation.
Rhea-AI Filing Summary
Movano Inc. (MOVE) filed an insider trading report showing its Chief Executive Officer and director, John Mastrototaro, receiving additional equity compensation. On January 9, 2026, he was granted 11,919 shares of common stock at a price of $0.00 per share, reported as a receipt of restricted stock units under the company’s Omnibus Incentive Plan. The grant was made in lieu of cash salary for the period from January 1, 2026 to March 31, 2026. Following this award, Mastrototaro beneficially owned 16,349 shares of Movano common stock, held directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,919 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reported transaction involved the reporting person's receipt of a grant of restricted stock units ("RSUs") under the Company's Omnibus Incentive Plan in lieu of salary for the period January 1, 2026 to Mach 31, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Movano Inc. (MOVE) disclose for its CEO?
Movano Inc. disclosed that Chief Executive Officer and director John Mastrototaro received a grant of 11,919 shares of common stock on January 9, 2026, reported as restricted stock units under the company’s Omnibus Incentive Plan.
Why did Movano (MOVE) grant RSUs to the CEO instead of paying cash salary?
The footnote explains that the transaction involved the CEO’s receipt of restricted stock units under the company’s Omnibus Incentive Plan in lieu of salary for the period from January 1, 2026 to March 31, 2026.
What role does John Mastrototaro have at Movano Inc. (MOVE) in this filing?
In this filing, John Mastrototaro is identified as both a director and an officer of Movano Inc., serving as the company’s Chief Executive Officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.