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

Role
Director
Signature
/s/ Nan K. Forte by Mark R. Busch, attorney-in-fact
Stock symbol
MOVE
Transactions as of
Apr 15, 2022
Transactions value $
$0
Form type
4
Date filed
4/19/2022, 05:47 PM
Next filing
Jan 30, 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 +20K $0.00 20K Apr 15, 2022 Common Stock 20K $5.00 Direct F1, F2
transaction MOVE Common Stock (right to buy) Award $0 +200K $0.00 200K Apr 15, 2022 Common Stock 200K $2.54 Direct F3
transaction MOVE Common Stock (right to buy) Award $0 +200K $0.00 200K Apr 15, 2022 Common Stock 200K $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.