Mastrototaro John 4
4 · Movano Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Movano (MOVE) CEO John Mastrototaro Exercises Options & Sells Shares
What Happened
John Mastrototaro, CEO of Movano Inc. (MOVE), exercised 72,834 stock options and then sold a portion of shares in open‑market transactions. He acquired 72,834 shares by exercising options at $1.25 per share (cost ≈ $91,043). On Jan 27, 2026 he sold a total of 33,069 shares in multiple open‑market trades for aggregate proceeds of approximately $687,949. These sales included shares sold to cover withholding taxes and exercise costs.
Key Details
- Transaction types: M = option exercise (72,834 shares); S = open‑market sales (33,069 shares).
- Exercise: 2026‑01‑26 — 72,834 shares at $1.25 (total ≈ $91,043).
- Sales (all 2026‑01‑27): 4,512 @ weighted $19.12 (≈ $86,269); 5,444 @ weighted $20.18 (≈ $109,860); 14,960 @ weighted $20.75 (≈ $310,420); 5,746 @ weighted $21.78 (≈ $125,148); 2,407 @ weighted $23.37 (≈ $56,252). Total sale proceeds ≈ $687,949.
- Shares owned after transaction: not specified in the Form 4 provided.
- Notable footnotes: F1 — some shares were sold to pay withholding taxes and exercise price (sell‑to‑cover); F2–F6 — reported sale prices are weighted averages with ranges for the underlying multiple trades; F7 — the option award became exercisable after shareholder approval of a plan amendment on Dec 16, 2025.
- Filing timeliness: no late filing indicated in the provided record.
Context
- This was an option exercise followed by sales (common "exercise and sell" / sell‑to‑cover activity). The filings show both the option exercise (derivative conversion) and subsequent open‑market sales; several sales were explicitly used to cover taxes/exercise costs rather than signaling a long‑term decision.
- Derivative transactions (code M) mean the insider converted/exercised options into shares. Sales (code S) are open‑market dispositions. These actions are routine for executives converting option compensation to cash or meeting tax obligations; they are factual disclosures, not statements of intent or company outlook.
Insider Transaction Report
Form 4
Movano Inc.MOVE
Mastrototaro John
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2026-01-26$1.25/sh+72,834$91,043→ 89,183 total - Sale
Common Stock
[F1][F2]2026-01-27$19.12/sh−4,512$86,269→ 84,671 total - Sale
Common Stock
[F1][F3]2026-01-27$20.18/sh−5,444$109,860→ 79,227 total - Sale
Common Stock
[F1][F4]2026-01-27$20.75/sh−14,960$310,420→ 64,267 total - Sale
Common Stock
[F1][F5]2026-01-27$21.78/sh−5,746$125,148→ 58,521 total - Sale
Common Stock
[F1][F6]2026-01-27$23.37/sh−2,407$56,252→ 56,114 total - Exercise/Conversion
Stock Options (Right to Buy)
[F7]2026-01-26−72,834→ 0 totalExercise: $1.25Exp: 2026-03-15→ Common Stock (72,834 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 $18.57 to $19.354, 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 $19.59 to $20.59, 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 $20.60 to $21.575 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 $21.65 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/ John Mastrototaro by Mark R. Busch, attorney-in-fact|2026-01-28