FAIRBAIRN EMILY 4

What Happened
Emily Fairbairn, a director of Movano Inc. (MOVE), exercised stock options on March 16, 2026. The filing shows 55,250 shares were acquired at $1.25 per share (total cost $69,063). A matching line shows 55,250 shares were disposed at $0.00 (reported under the same exercise code), leaving a net 55,250 shares acquired on the event as reported.

Key Details

• Transaction date: 2026-03-16; Form filed: 2026-03-17 (filed promptly the next day).
• Reported codes: M (exercise or conversion of a derivative security).
• Shares acquired: 55,250 at $1.25 each (total $69,063).
• Shares disposed: 55,250 at $0.00 (no proceeds reported). The Form 4 does not explicitly state the reason for the $0.00 disposition; such lines commonly reflect shares surrendered to cover exercise costs or tax withholding.
• Post-transaction holdings: Not provided in the information supplied.
• Footnotes of note:
  • F1/F2 — Some securities are held by the Malcolm P. Fairbairn and Emily T. Fairbairn Charitable Remainder Unitrust and by Valley High LP; Emily Fairbairn has voting and investment power over those holdings but disclaims beneficial ownership except for pecuniary interest.
  • F3 — The option award became exercisable only after shareholder approval of an Omnibus Incentive Plan amendment (approved Dec 16, 2025).

Context
This was an option exercise (derivative conversion). The paired acquire/dispose lines are typical for exercises involving net settlement or share surrender to cover exercise costs/taxes; the filing did not specify the exact mechanism. Purchases (exercises that leave the insider with net new shares) are often watched by investors as a more informative signal than routine sales, but this Form 4 only documents the mechanics of the exercise and related conversions/surrenders.