Form 4: Movano Inc. Director Ruben Caballero Reports Changes in Beneficial Ownership
SEC Form 4
Director Ruben Caballero received 43,605 restricted stock units (RSUs) in lieu of directors' fees and disposed of 48,952 shares of common stock.
Summary
- On May 9, 2025, Ruben Caballero, a director of Movano Inc., reported changes in beneficial ownership of the company's stock.
- Caballero received 43,605 restricted stock units (RSUs) under the company's Omnibus Incentive Plan in lieu of directors' fees for the period October 1, 2024, to June 30, 2025.
- Caballero disposed of 48,952 shares of common stock.
- Following these transactions, Caballero beneficially owns 48,952 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| October 1, 2024 | Start date of the period for which RSUs were granted in lieu of directors' fees. |
| June 30, 2025 | End date of the period for which RSUs were granted in lieu of directors' fees. |
| May 09, 2025 | Date of the transaction involving the acquisition of RSUs and disposal of common stock. |
| May 12, 2025 | Date of signature for the Form 4 filing. |
Keywords
Movano Inc., Ruben Caballero, Form 4, Beneficial Ownership, Director, RSUs, Stock, MOVE
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