Wirk Shaheen 4

What Happened

• Wirk Shaheen, a director of Movano Inc. (MOVE), reported exercising options (code M) to acquire 10,000 shares of Movano common stock at $1.25 per share, for a cash outlay of $12,500. The Form 4 also reports a conversion/disposition of 10,000 derivative shares at $0 (no proceeds reported).

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-17, within the 2-business-day filing window).
• Exercise: 10,000 shares acquired at $1.25 each — total $12,500.
• Derivative conversion/disposition: 10,000 shares reported disposed at $0 (filing does not state the reason for $0 proceeds).
• Shares owned after the transactions: not specified in the filing.
• Footnote F1: The option award was originally granted contingent on shareholder approval of an Omnibus Incentive Plan amendment; the options became exercisable upon shareholder approval on December 16, 2025.
• Transaction code meaning: M = exercise or conversion of derivative (option).

Context

• This filing reflects an option exercise (an acquisition). No sale of the newly acquired shares is reported on the Form 4, so this was not an immediate cashless sale for proceeds. The separate $0 "disposed" line is listed as a derivative conversion but the filing does not explain why no proceeds were recorded. As always, insider option exercises are factual disclosures and do not by themselves reveal the insider’s intent.