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MOVE CEO reports RSU forfeiture, contingent option grant filed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Movano Inc. (MOVE) reported an insider equity adjustment by its Chief Executive Officer and Director. On 11/03/2025, the officer forfeited 39,226 RSUs in lieu of salary and received a grant of 77,834 stock options with an exercise price of $1.25. The filing states these options were granted contingent upon shareholder approval of an amendment increasing shares under the Omnibus Incentive Plan, and will become exercisable upon that approval. Following the transactions, the officer reported 1,944 shares beneficially owned.

Positive

  • None.

Negative

  • None.
Insider Mastrototaro John
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Stock option (right to buy) 77,834 $0.00 --
Disposition Common Stock 39,226 $0.00 --
Holdings After Transaction: Stock option (right to buy) — 77,834 shares (Direct); Common Stock — 1,944 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 salary 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.
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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*
Mastrototaro John
(Last) (First) (Middle)
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
X Officer (give title below) Other (specify below)
Chief Executive Officer
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 39,226(1) D $0 1,944 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 77,834 (2) 12/31/2025 Common Stock 77,834 $0 77,834 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 salary 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/ John Mastrototaro 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did MOVE's CEO report in this Form 4?

The CEO forfeited 39,226 RSUs and received 77,834 stock options at an exercise price of $1.25.

Is the option grant immediately exercisable?

No. It is contingent upon shareholder approval of a plan amendment and will become exercisable upon that approval.

What is the exercise price of the new options?

The options carry an exercise price of $1.25 per share.

How many shares does the officer own after the transactions?

The filing shows 1,944 shares beneficially owned after the reported transactions.

Why were RSUs forfeited?

Per the explanation, the 39,226 RSUs were forfeited in lieu of salary in exchange for the option grant.

What plan governs these awards at MOVE?

The awards relate to the Company’s Omnibus Incentive Plan, subject to a shareholder-approved amendment increasing authorized shares.