Movano (NASDAQ: MOVE) CTO exercises options, sells stock for taxes

Rhea-AI Filing Summary

Movano Inc. director and Chief Technology Officer Michael Aaron Leabman reported exercising stock options and related share sales. On January 6, 2026, he exercised 42,250 stock options at an exercise price of $1.25 per share, receiving the same number of Movano common shares. On January 7, 8, and 9, 2026, he sold 3,293, 3,593, and 783 shares, respectively, at weighted average prices of $7.34, $7.26, and $7.27 per share, with the filing noting that shares were sold to pay withholding taxes and exercise costs tied to option awards received in lieu of 2025 cash salary. After these transactions, Leabman directly held 34,937 shares of Movano common stock. The filing also states that the option award became exercisable following shareholder approval of an amendment to the Omnibus Incentive Plan on December 16, 2025.

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
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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^*

Leabman Michael Aaron

(Last) (First) (Middle)

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
X	Officer (give title below)		Other (specify below)
	Chief Technology 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	01/06/2026		M		42,250	A	$1.25	42,606	D
Common Stock	01/07/2026		S(1)		3,293	D	$7.34(2)	39,313	D
Common Stock	01/08/2026		S(1)		3,593	D	$7.26(3)	35,720	D
Common Stock	01/09/2026		S(1)		783	D	$7.27(4)	34,937	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	01/06/2026		M			42,250	(5)	03/15/2026	Common Stock	42,250	$0.00	0	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 $7.11 to $7.68, 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 $7.14 to $7.49, 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 $7.16 to $7.46, 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. 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/ Michael Aaron Leabman 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 transactions did Movano (MOVE) report for Michael Aaron Leabman?

The filing shows that Michael Aaron Leabman, a director and Chief Technology Officer of Movano Inc., exercised 42,250 stock options on January 6, 2026 and then sold portions of the resulting common shares on January 7, 8, and 9, 2026.

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

Leabman exercised 42,250 stock options (Right to Buy) at a $1.25 per share exercise price on January 6, 2026, receiving 42,250 shares of Movano common stock.

How many Movano shares did the CTO sell and at what prices?

He sold 3,293 shares on January 7, 2026 at a weighted average price of $7.34, 3,593 shares on January 8, 2026 at $7.26, and 783 shares on January 9, 2026 at $7.27 per share, with each price disclosed as a weighted average.

Why were some of the Movano shares sold by the CTO?

The filing explains that the reported share sales represent stock sold to pay withholding taxes and exercise prices due in connection with exercising stock option awards that had been granted to Leabman in lieu of 2025 cash salary.

How many Movano shares does the CTO hold after these transactions?

Following the reported option exercise and subsequent sales, Leabman directly beneficially owned 34,937 shares of Movano common stock.

When did the Movano option award become exercisable?

The option award became exercisable after shareholders approved an amendment to the Omnibus Incentive Plan increasing authorized shares, with approval obtained on December 16, 2025.

What is Michael Aaron Leabman’s role and relationship to Movano (MOVE)?

Leabman is identified as both a director and an officer of Movano Inc., serving as the company’s Chief Technology Officer, and he files the Form 4 as a single reporting person with direct ownership of the reported securities.