Form 4: Movano CFO Receives RSU Grant for Q4 Salary

Movano Inc.'s CFO, Jeremy Cogan, received a grant of 134,456 Restricted Stock Units as compensation for his salary during the fourth quarter of 2025.

Summary

• Jeremy Cogan, Chief Financial Officer (CFO) of Movano Inc. (MOVE), acquired 134,456 shares of common stock on October 3, 2025.
• The acquisition was a grant of Restricted Stock Units (RSUs) under the Company's Omnibus Incentive Plan.
• These RSUs were granted in lieu of salary for the period from October 1, 2025, to December 31, 2025.
• The transaction price for these RSUs was $0 per share, as is typical for a grant.
• Following this transaction, Jeremy Cogan beneficially owns 370,756 shares, consisting solely of RSUs.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 6

Explanation: The RSU grant is a routine compensation event that aligns management incentives with shareholder interests, generally viewed as a neutral to slightly positive development.

Positives

• The grant of Restricted Stock Units aligns the CFO's financial interests directly with the long-term performance and shareholder value of Movano Inc.
• Utilizing RSUs for compensation helps the company conserve cash, which can be beneficial for growth-oriented companies.

Negatives

• The CFO is receiving equity instead of cash for a portion of his salary, which could be perceived as a short-term liquidity constraint for the executive, though it is a common practice.

Risks

• The value of the CFO's compensation is subject to the future market price volatility of Movano Inc.'s common stock.
• Shareholders may experience minor dilution from the issuance of new shares upon RSU vesting, though this is a standard aspect of equity compensation plans.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the details of the RSU grant for the specified period.

Industry Context

The practice of granting Restricted Stock Units (RSUs) as a component of executive compensation, particularly in lieu of salary, is a common strategy in the technology and growth sectors. It helps companies manage cash flow while incentivizing long-term performance and retention of key personnel.

Comparison to Industry Standards

• Granting RSUs as part of executive compensation is a standard practice across various industries, especially in technology and biotech, to align management incentives with shareholder interests and conserve cash.
• Many companies, including peers in the health technology space, utilize equity compensation plans like Movano's Omnibus Incentive Plan to attract and retain talent.
• The use of a Rule 10b5-1 plan for such transactions is also a common and recommended practice for insiders to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: Potential for minor dilution upon vesting of RSUs, but also increased alignment of management's interests with long-term stock performance.
• Employees (CFO): Compensation structure includes equity, linking personal wealth to company performance.

Key Dates

Keywords

Movano Inc., MOVE, Jeremy Cogan, CFO, Restricted Stock Units, RSU grant, equity compensation, insider transaction, Form 4, beneficial ownership, Rule 10b5-1