Movano (MOVE) CFO forfeits 31,871 RSUs, granted 84,834 options
Movano Inc. (MOVE) disclosed a Form 4 for its CFO, reporting a compensation adjustment on 11/03/2025.
Rhea-AI Filing Summary
Movano Inc. (MOVE) disclosed a Form 4 for its CFO, reporting a compensation adjustment on 11/03/2025. The executive forfeited 31,871 restricted stock units at a $0 price in lieu of salary and received a grant of stock options for 84,834 shares with a $1.25 exercise price.
The option becomes exercisable only upon shareholder approval of an amendment to the Omnibus Incentive Plan that increases shares authorized for issuance. The option carries an expiration date of 12/31/2025. Following the transaction, the executive beneficially owned 5,204 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 84,834 | $0.00 | $0.00 |
| Disposition | Common Stock | 31,871 | $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 salary 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
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What did Movano (MOVE) disclose in this Form 4?
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