Movano (MOVE) director Wirk Shaheen exercises 10,000 stock options

Rhea-AI Filing Summary

Movano Inc. director Wirk Shaheen exercised stock options to acquire 10,000 shares of Common Stock on March 13, 2026 at an exercise price of $1.25 per share. The options related to an award that became exercisable after shareholders approved an amendment to the Omnibus Incentive Plan on December 16, 2025. Following the transaction, Shaheen directly holds 15,960 shares of Movano Common Stock.

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

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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^*

Wirk Shaheen

(Last) (First) (Middle)

C/O MOVANO, INC.

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		M		10,000	A	$1.25	15,960	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	03/13/2026		M			10,000	(1)	06/30/2026	Common Stock	10,000	$0.00	0	D

Explanation of Responses:

1. 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/ Shaheen Wirk by Mark R. Busch, attorney-in-fact	03/17/2026
	** 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.

FAQ

What did Movano (MOVE) director Wirk Shaheen report in this Form 4?

Wirk Shaheen reported exercising stock options to acquire 10,000 shares of Movano Common Stock. The exercise converted a previously granted option award into directly held shares as part of his equity compensation.

How many Movano (MOVE) shares did Wirk Shaheen acquire and at what price?

Wirk Shaheen acquired 10,000 shares of Movano Common Stock by exercising stock options at an exercise price of $1.25 per share. This was recorded as a derivative exercise transaction coded “M” on the Form 4.

What are Wirk Shaheen’s Movano (MOVE) holdings after this Form 4 transaction?

After the option exercise, Wirk Shaheen directly holds 15,960 shares of Movano Common Stock. This figure reflects his position immediately following the March 13, 2026 transactions reported in the Form 4 filing.

What does the footnote about Movano’s Omnibus Incentive Plan mean in this Form 4?

The footnote explains the option award was granted contingent on shareholder approval of an amendment increasing shares authorized under Movano’s Omnibus Incentive Plan. The option became exercisable once shareholders approved this Plan Amendment on December 16, 2025.

Was Wirk Shaheen’s Movano (MOVE) Form 4 an open-market stock purchase?

No. The Form 4 shows a derivative exercise, not an open-market purchase. Shaheen converted a stock option into 10,000 shares of Common Stock under code “M,” reflecting an option exercise rather than buying shares on the open market.

Does Wirk Shaheen have remaining Movano (MOVE) derivative securities after this filing?

The derivative summary in the filing is empty, indicating no remaining derivative securities, such as unexercised stock options, are shown for Wirk Shaheen in this Form 4 beyond the exercised 10,000-share option.