Cogan Jeremy 4
4 · Movano Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Movano (MOVE) CFO Jeremy Cogan Exercises Options, Sells Shares
What Happened
- Jeremy Cogan, Chief Financial Officer of Movano Inc. (MOVE), exercised stock options for 64,834 shares (exercise price reported $1.25; total cost ~$81,043) on Jan 26, 2026. Following the exercise, he sold 28,736 shares in a series of open-market transactions on Jan 27, 2026, generating aggregate proceeds of about $597,259.
- Some shares were surrendered/treated as sold to cover withholding taxes and exercise costs in connection with the exercise (see footnote F1). One exercise-related entry was reported at $0.00 (derivative disposition), consistent with surrender/netting to cover tax/exercise obligations.
Key Details
- Transaction dates: Exercise on 2026-01-26; open-market sales on 2026-01-27; Form 4 filed 2026-01-28 (timely).
- Exercise: 64,834 shares at $1.25 per share — $81,043 aggregate exercise cost.
- Open-market sales (total 28,736 shares) — weighted-average prices reported across multiple lots:
- 3,288 shares @ weighted avg $19.11 (range $18.40–$19.35) — proceeds $62,834 (F2)
- 4,622 shares @ weighted avg $20.07 (range $19.50–$20.50) — proceeds $92,764 (F3)
- 13,179 shares @ weighted avg $20.63 (range $19.50–$20.50?) — proceeds $271,883 (F3 note applies)
- 5,548 shares @ weighted avg $21.76 (range $20.51–$21.50) — proceeds $120,724 (F4)
- 2,099 shares @ weighted avg $23.37 (range $23.335–$23.38) — proceeds $49,054 (F6)
- Total proceeds from sales: ~$597,259.
- Shares owned after the transactions: not specified in the excerpt provided.
- Notable footnotes: F1 (shares sold to cover withholding taxes and exercise price), F2–F6 (weighted-average prices with price ranges; seller will provide breakdown on request), F7 (the option award exercised was granted contingent on shareholder approval of a plan amendment; became exercisable Dec 16, 2025).
Context
- This is a common pattern: an insider exercises options granted previously and immediately sells a portion of shares. The filings indicate both a cash payment for exercise and share surrender to cover taxes/exercise costs (i.e., partial cashless/Net-share settlement elements).
- Sales by executives can be routine (tax or diversification) rather than a directional signal; purchases are generally more informative about bullish insider conviction.
- Filing appears timely (transactions in late Jan 2026; Form 4 filed Jan 28, 2026).
Insider Transaction Report
Form 4
Movano Inc.MOVE
Cogan Jeremy
CFO
Transactions
- Exercise/Conversion
Common Stock
2026-01-26$1.25/sh+64,834$81,043→ 89,240 total - Sale
Common Stock
[F1][F2]2026-01-27$19.11/sh−3,288$62,834→ 85,952 total - Sale
Common Stock
[F1][F3]2026-01-27$20.07/sh−4,622$92,764→ 81,330 total - Sale
Common Stock
[F1][F4]2026-01-27$20.63/sh−13,179$271,883→ 68,151 total - Sale
Common Stock
[F1][F5]2026-01-27$21.76/sh−5,548$120,724→ 62,603 total - Sale
Common Stock
[F1][F6]2026-01-27$23.37/sh−2,099$49,054→ 60,504 total - Exercise/Conversion
Stock Options (Right to Buy)
[F7]2026-01-26−64,834→ 0 totalExercise: $1.25Exp: 2026-03-15→ Common Stock (64,834 underlying)
Footnotes (7)
- [F1]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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.40 to $19.35, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.50 to $20.50, inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.51 to $21.50 inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.70 to $22.24 inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.335 to $23.38 inclusive. The reporting person undertakes to provide to Movano Inc., any security holder of Movano Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F7]This option award was granted contingent upon shareholder approval of an amendment to the Omnibus Incentive Plan that increases the number of shares of Common Stock authorized for issuance under the Plan (the "Plan Amendment"). The option became exerciseable upon shareholder approval of the Plan Amendment on December 16, 2025.
Signature
/s/ Jeremy Cogan by Mark R. Busch, attorney-in-fact|2026-01-28