Form 4: Movano CTO Sells Shares for Tax Obligations

Movano Inc.'s Chief Technology Officer, Michael Aaron Leabman, sold shares of common stock in January 2026 to cover tax withholding and option exercise costs.

Summary

• Michael Aaron Leabman, Movano Inc.'s Chief Technology Officer and Director, reported sales of common stock.
• Transactions occurred on January 12, 13, and 14, 2026.
• A total of 12,298 shares were sold across these three days.
• The sales were executed at weighted average prices of $7.01, $6.94, and $6.66 per share, respectively.
• The purpose of these sales was to cover withholding taxes and exercise prices associated with stock option awards granted in 2025, which were received in lieu of cash salary.
• Following these transactions, Leabman beneficially owns 22,639 shares of Movano Inc. common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider sale of shares to cover tax obligations and exercise prices from stock options. This type of transaction is generally neutral, as it is not indicative of management's sentiment about the company's future performance but rather a consequence of compensation and tax planning.

Positives

• The sales were for tax and exercise price obligations, indicating a pre-planned or routine event rather than a discretionary sale based on negative sentiment.
• The stock options were granted in lieu of cash salary in 2025, suggesting a compensation structure that aligns management's interests with shareholder value.

Negatives

• The sales represent a reduction in direct beneficial ownership by a key executive.
• The weighted average sale prices declined over the three days of transactions, from $7.01 to $6.66 per share.

Future Outlook

NA

Management Comments

• 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.

Industry Context

Insider transactions, particularly those related to tax obligations or option exercises, are common across all industries for publicly traded companies. This filing does not provide specific industry-related insights beyond the routine nature of such events.

Stakeholder Impact

• Shareholders: Minor impact due to a slight increase in the public float from the sale of shares, but the volume is not significant enough to materially affect market dynamics. The reason for sale (tax/exercise) is generally understood and not typically a cause for concern.

Key Dates

Keywords

Movano Inc., MOVE, Michael Aaron Leabman, Chief Technology Officer, Director, Insider Trading, Form 4, Stock Sale, Equity Compensation, Stock Options, Tax Withholding