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  4. [Form 4] Movano Inc. Insider Trading Activity

Movano (MOVE) CEO exercises options, sells shares for taxes

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

Rhea-AI Filing Summary

Movano Inc. reported an insider transaction by Chief Executive Officer and director John Mastrototaro on January 5, 2026. He exercised 5,000 stock options with a $1.25 exercise price, receiving 5,000 shares of common stock. On the same day, he sold 2,514 common shares at $8.21 per share to cover withholding taxes and exercise costs related to stock option awards granted in lieu of cash salary during 2025.

Following these transactions, Mastrototaro directly owned 4,430 shares of Movano common stock and 72,834 stock options. The option exercised on January 5, 2026 had been granted contingent on shareholder approval of an amendment to the Omnibus Incentive Plan, which was approved on December 16, 2025, making the option exercisable.

Positive

  • None.

Negative

  • None.
Insider Mastrototaro John
Role Chief Executive Officer
Sold 2,514 shs ($21K)
Type Security Shares Price Value
Exercise Stock Options (Right to Buy) 5,000 $0.00 --
Exercise Common Stock 5,000 $1.25 $6K
Sale Common Stock 2,514 $8.21 $21K
Holdings After Transaction: Stock Options (Right to Buy) — 72,834 shares (Direct); Common Stock — 6,944 shares (Direct)
Footnotes (1)
  1. Represents shares sold to pay withholding taxes and exercise prices due in connection with the exercise of stock option awards granted to the reporting person in lieu of cash salary during 2025. 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 became exerciseable upon shareholder approval of the Plan Amendment on December 16, 2025.
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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)
01/05/2026
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 01/05/2026 M 5,000 A $1.25 6,944 D
Common Stock 01/05/2026 S(1) 2,514 D $8.21 4,430 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 Options (Right to Buy) $1.25 01/05/2026 M 5,000 (2) 03/15/2026 Common Stock 5,000 $0 72,834 D
Explanation of Responses:
1. Represents shares sold to pay withholding taxes and exercise prices due in connection with the exercise of stock option awards granted to the reporting person in lieu of cash salary during 2025.
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 became exerciseable upon shareholder approval of the Plan Amendment on December 16, 2025.
/s/ John Mastrototaro by Mark R. Busch, attorney-in-fact 01/07/2026
** 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 insider transactions did Movano (MOVE) report on January 5, 2026?

Movano reported that CEO and director John Mastrototaro exercised 5,000 stock options for common stock at an exercise price of $1.25 and sold 2,514 common shares at $8.21 per share.

Why did Movano CEO John Mastrototaro sell 2,514 shares of MOVE stock?

The filing states that the 2,514 shares sold were used to pay withholding taxes and exercise prices due in connection with the exercise of stock option awards granted to him in lieu of cash salary during 2025.

How many Movano (MOVE) shares does the CEO own after the reported Form 4 transactions?

After the January 5, 2026 transactions, John Mastrototaro directly owned 4,430 shares of common stock and held 72,834 stock options.

What type of derivative security did Movano’s CEO exercise in this Form 4?

He exercised Stock Options (Right to Buy) covering 5,000 shares of Movano common stock at an exercise price of $1.25 per share.

How were Mastrototaro’s Movano stock options tied to shareholder approval?

The option award exercised on January 5, 2026 was granted contingent on shareholder approval of a Plan Amendment to the Omnibus Incentive Plan increasing authorized shares. It became exercisable after shareholder approval on December 16, 2025.

What is John Mastrototaro’s role at Movano (MOVE) according to the Form 4?

John Mastrototaro is identified as both a director and an officer, serving as Movano’s Chief Executive Officer.