Movano CEO swaps 39,226 RSUs for 77,834 options at $1.25
Movano Inc. (MOVE) reported an insider equity adjustment by its Chief Executive Officer and Director.
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 Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 77,834 | $0.00 | $0.00 |
| Disposition | Common Stock | 39,226 | $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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MOVE's CEO report in this Form 4?
Is the option grant immediately exercisable?
What is the exercise price of the new options?
Why were RSUs forfeited?
What plan governs these awards at MOVE?
AI-generated analysis. How Rhea-AI works. Not financial advice.