MOVE Form 4: Director swaps 6,841 RSUs for 10,000 options at $1.25
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Movano Inc. (MOVE) reported an insider equity change. On 11/03/2025, a director forfeited 6,841 restricted stock units in lieu of directors’ fees and received a grant of stock options for 10,000 shares at an exercise price of $1.25.
The options will become exercisable upon shareholder approval of an amendment to the Omnibus Incentive Plan that increases the shares authorized for issuance. Following the transactions, non-derivative common stock beneficially owned was 0 shares, and derivative holdings were 10,000 options, held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wirk Shaheen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 10,000 | $0.00 | -- |
| Disposition | Common Stock | 6,841 | $0.00 | -- |
Holdings After Transaction:
Stock option (right to buy) — 10,000 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (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 directors' fees 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.