GRINBERG ALEXANDER 4

What Happened Alexander Grinberg, a director of Movado Group Inc. (MOV), reported a sale of 4,935 shares on January 5, 2022. The shares were sold at $43.05 each for total proceeds of $212,452. This was a sale (code S), reported as an open-market or private sale; sales are often routine and do not necessarily indicate a change in insider sentiment.

Key Details

• Transaction date and price: January 5, 2022 — 4,935 shares at $43.05 per share.
• Proceeds: $212,452.
• Shares owned after transaction: not specified in the provided filing; subsequent Forms 4 revised reported ownership (see footnote).
• Footnote: Subsequent Forms 4 inadvertently overstated indirect ownership by including shares previously held in the reporting person's IRA, which were sold on January 5, 2022.
• Filing timeliness: The Form 4 was filed April 2, 2026 (period of report 1/5/2022), i.e., reported late; late filings reduce the timeliness of the disclosure for investors.

Context This was a straightforward share sale (not an option exercise, grant, or gift). The footnote clarifies that some later filings mistakenly included IRA shares that had been sold on the transaction date, which affected reported indirect ownership figures. Because the report was filed years after the trade, the disclosure is less useful for real-time trading decisions.