Mastrototaro John 4

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.