DEMARSILIS SALLIE A 4

What Happened

• Sallie A. Demarsilis, Chief Financial Officer of Movado Group Inc. (MOV), had 2,903 shares withheld by the company on 2026-03-27 to satisfy tax withholding obligations related to vested stock awards. The withholding price was $24.05 per share, for a notional value of approximately $69,817. The transaction is reported on a Form 4 filed 2026-03-31.

Key Details

• Transaction date and price: 2026-03-27 at $24.05 per share.
• Shares involved: 2,903 shares withheld (disposition reported).
• Total value: ~ $69,817 (2,903 × $24.05).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Withholding was to satisfy tax obligations on awards granted March 27, 2023 (footnote F1).
• Transaction code: F (tax withholding); this is not an open‑market sale.
• Filing timeliness: Form 4 was filed on 2026-03-31 and appears timely.

Context

• This was a company share-withholding to cover taxes upon vesting, effectively a cashless action, not a sale to a third party. Such withholding is routine administrative handling of tax obligations and does not, by itself, indicate a change in the insider’s market view.