Movano Inc. (MOVE) CEO granted 11,919 RSUs instead of cash pay for Q1 2026
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.
Positive
- None.
Negative
- None.
FAQ
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.
How many Movano (MOVE) shares does the CEO own after this Form 4 transaction?
After the reported grant, Chief Executive Officer John Mastrototaro beneficially owned 16,349 shares of Movano Inc. common stock, held directly.
What was the price per share for the Movano CEO’s RSU grant?
The Form 4 reports that the 11,919 shares of common stock granted to Chief Executive Officer John Mastrototaro had a transaction price of $0.00 per share, reflecting a compensatory equity award rather than a market purchase.
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.
Is this Movano CEO transaction a purchase or a sale of shares?
The Form 4 lists the transaction code as “A”, indicating an acquisition of 11,919 shares of common stock as an equity grant, with no shares reported as sold.
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.