Soltani Behzad 4

What Happened

• Behzad Soltani, EVP & COO of Movado Group Inc. (MOV), had 2,723 shares withheld by the company on March 27, 2026 to satisfy tax withholding obligations when previously granted stock awards vested. The withheld shares were valued at $24.05 each, totaling $65,488. This is a disposition via tax withholding (routine), not an open‑market sale or a buy.

Key Details

• Transaction date: 2026-03-27; Price per share: $24.05; Total value: $65,488.
• Transaction type/code: F — shares withheld to satisfy tax withholding on vested awards.
• Footnote: Shares were withheld to cover tax obligations upon vesting of awards originally granted on March 27, 2023.
• Filing date: 2026-03-31 (filed within the Form 4 reporting window; not late).
• Shares owned after transaction: not provided in the materials you supplied.

Context

• This was a standard tax-withholding disposition tied to vesting of previously granted awards (effectively a cashless step performed by the company), which is generally considered routine and does not necessarily signal insider buying or selling intent.