Nan Kirsten Forte - 15 Apr 2022 Form 4 Insider Report for Movano Inc. (MOVE)

Role
Director
Signature
/s/ Nan K. Forte by Mark R. Busch, attorney-in-fact
Issuer symbol
MOVE
Transactions as of
15 Apr 2022
Net transactions value
$0
Form type
4
Filing time
19 Apr 2022, 17:47:49 UTC
Next filing
30 Jan 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MOVE Common Stock (right to buy) Award $0 +20,000 $0.000000 20,000 15 Apr 2022 Common Stock 20,000 $5.00 Direct F1, F2
transaction MOVE Common Stock (right to buy) Award $0 +200,000 $0.000000 200,000 15 Apr 2022 Common Stock 200,000 $2.54 Direct F3
transaction MOVE Common Stock (right to buy) Award $0 +200,000 $0.000000 200,000 15 Apr 2022 Common Stock 200,000 $2.54 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a stock option award granted on 4/15/2022 pursuant to the Issuer's Director Compensation Policy.
F2 The option vests in full on the one year anniversary of the grant date.
F3 The options will vest and become exercisable in forty-eight equal monthly installments beginning on the date that is one month following the grant date; provided that immediately prior to, and contingent upon, a change in control, the options will become fully vested and exercisable.
F4 Subject to continued service as Chair of the Corporate Development Committee during the vesting period, the options vest in equal annual installments on the first, second, third and fourth anniversary of the grant date; provided that immediately prior to, and contingent upon, a change of control, the options will become fully vested and exercisable.