Form 4: Movano CFO Jeremy Cogan Receives Stock Grant in Lieu of Salary
SEC Form 4 Filing
Movano CFO Jeremy Cogan received 62,986 restricted stock units (RSUs) in lieu of salary for the period May 1, 2025 to June 30, 2025.
Summary
- Jeremy Cogan, CFO of Movano Inc., filed a Form 4 on May 12, 2025.
- The filing reports a transaction that occurred on May 9, 2025.
- Cogan received a grant of 62,986 restricted stock units (RSUs) under the Company's Omnibus Incentive Plan.
- These RSUs were granted in lieu of salary for the period May 1, 2025 to June 30, 2025.
- Following the transaction, Cogan beneficially owns 115,028 shares of common stock, which includes the newly awarded RSUs and 52,042 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acceptance of RSUs in lieu of salary may indicate confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates how a key executive is compensated.
Stakeholder Impact
- The granting of RSUs aligns the CFO's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Start date of the period for which RSUs were granted in lieu of salary. |
| 05/09/2025 | Date of the transaction: Jeremy Cogan received RSUs. |
| 05/12/2025 | Date the Form 4 was filed. |
| 06/30/2025 | End date of the period for which RSUs were granted in lieu of salary. |
Keywords
Form 4, Movano, Cogan, RSU, Restricted Stock Units, Beneficial Ownership, Insider Trading
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