Movano Inc. (MOVE) CFO Cogan exercises options, sells shares and gets RSUs

Rhea-AI Filing Summary

Movano Inc. CFO Jeremy Cogan reported several equity transactions. On January 5, 2026, he exercised 20,000 stock options at an exercise price of $1.25 per share, converting them into common stock. That same day, he sold 1,879 common shares at a weighted average price of $8.35, with actual prices ranging from $8.00 to $8.61, to cover withholding taxes and exercise costs tied to option awards received in lieu of 2025 cash salary.

On January 6, 2026, he sold 3,859 shares at a weighted average price of $8.03 and 4,359 shares at a weighted average price of $7.57, also in multiple trades within stated price ranges for tax and exercise obligations. On January 9, 2026, he received a grant of 9,299 restricted stock units (RSUs) in lieu of salary for the period from January 1, 2026 to March 31, 2026. After these transactions, he directly owned 24,406 shares of common stock and held 64,834 stock options.

Insider Trade Summary

Net Seller: 10,097 shares ($79,675)

Net Sell 6 txns

Insider Cogan Jeremy

Role CFO

Sold 10,097 shs ($80K)

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,299	$0.00	--
Sale	Common Stock	3,859	$8.03	$31K
Sale	Common Stock	4,359	$7.57	$33K
Exercise	Stock Options (Right to Buy)	20,000	$0.00	--
Exercise	Common Stock	20,000	$1.25	$25K
Sale	Common Stock	1,879	$8.35	$16K

Holdings After Transaction: Common Stock — 24,406 shares (Direct); Stock Options (Right to Buy) — 64,834 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.61, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $8.35, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $7.90, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The reported transaction involved the reporting person's receipt of a grant of restricted stock units ("RSUs") under the Company's Omnibus Incentive Plan in lieu of salary for the period January 1, 2026 to Mach 31, 2026. 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.

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^*

Cogan Jeremy

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

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		20,000	A	$1.25	25,204	D
Common Stock	01/05/2026		S(1)		1,879	D	$8.35(2)	23,325	D
Common Stock	01/06/2026		S(1)		3,859	D	$8.03(3)	19,466	D
Common Stock	01/06/2026		S(1)		4,359	D	$7.57(4)	15,107	D
Common Stock	01/09/2026		A		9,299(5)	A	$0	24,406	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			20,000	(6)	03/15/2026	Common Stock	20,000	$0.00	64,834	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.61, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $8.35, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $7.90, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

5. The reported transaction involved the reporting person's receipt of a grant of restricted stock units ("RSUs") under the Company's Omnibus Incentive Plan in lieu of salary for the period January 1, 2026 to Mach 31, 2026.

6. 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/ Jeremy Cogan by Mark R. Busch, attorney-in-fact	01/12/2026
	** 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 insider activity did Movano (MOVE) report for CFO Jeremy Cogan?

CFO Jeremy Cogan exercised 20,000 stock options, sold several thousand common shares mainly to cover taxes and exercise prices, and received a grant of 9,299 RSUs in lieu of salary for early 2026.

How many Movano options did the CFO exercise and at what price?

On January 5, 2026, the CFO exercised 20,000 stock options at an exercise price of $1.25 per share, converting them into common stock.

How many Movano shares did the CFO sell and why?

On January 5 and 6, 2026, the CFO sold 1,879, 3,859, and 4,359 common shares in separate transactions. Footnotes state these sales were made to pay withholding taxes and option exercise prices related to option awards granted in lieu of 2025 cash salary.

What were the sale prices for the Movano shares sold by the CFO?

The reported prices are weighted averages. On January 5, 2026, shares were sold at a weighted average of $8.35 within a range of $8.00 to $8.61. On January 6, 2026, sales occurred at weighted averages of $8.03 and $7.57, within ranges of $7.50 to $8.35 and $7.50 to $7.90, respectively.

What RSU grant did Movano’s CFO receive in 2026?

On January 9, 2026, the CFO received 9,299 restricted stock units (RSUs) under the company’s Omnibus Incentive Plan, granted in lieu of salary for the period from January 1, 2026 to March 31, 2026.

How many Movano shares and options does the CFO hold after these transactions?

Following the reported transactions, the CFO directly owned 24,406 shares of Movano common stock and held 64,834 stock options beneficially.

Were any of the Movano option awards contingent on shareholder approval?

Yes. A stock option award related to 20,000 shares was granted contingent on shareholder approval of a Plan Amendment increasing shares authorized under the Omnibus Incentive Plan. The option became exercisable upon shareholder approval on December 16, 2025.