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[8-K] Movano Inc. Reports Material Event

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(Neutral)
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Rhea-AI Filing Summary

SEMrush Holdings, Inc. (ticker SEMR) Chief Financial Officer Brian Mulroy submitted a Form 4 covering an insider transaction dated July 10 2025. The filing records a code “F� transaction, meaning the company withheld shares solely to satisfy tax obligations triggered by the vesting of restricted stock units (RSUs); no open-market sale or purchase occurred.

  • Shares withheld: 4,079 Class A common shares
  • Reference price: $8.97 per share (closing price on the vesting date)
  • Remaining ownership: 903,306 Class A shares held directly, a portion of which remains as unvested RSUs

No derivative securities were exercised, acquired, or disposed of. Ownership status is direct, and the filing was executed by attorney-in-fact David Mason on July 11 2025. Because the activity is routine tax withholding and involves less than 0.5% of the insider’s total holdings, the event is not considered materially market-moving.

Brian Mulroy, Chief Financial Officer di SEMrush Holdings, Inc. (simbolo SEMR), ha presentato un Modulo 4 relativo a una transazione interna datata 10 luglio 2025. La comunicazione riporta una transazione con codice “F�, indicante che la società ha trattenuto azioni esclusivamente per adempiere agli obblighi fiscali derivanti dalla maturazione di unità azionarie vincolate (RSU); non si è verificata alcuna vendita o acquisto sul mercato aperto.

  • Azioni trattenute: 4.079 azioni ordinarie di Classe A
  • Prezzo di riferimento: 8,97 $ per azione (prezzo di chiusura alla data di maturazione)
  • Possesso residuo: 903.306 azioni di Classe A detenute direttamente, di cui una parte è ancora costituita da RSU non maturate

Non sono stati esercitati, acquisiti o ceduti titoli derivati. Lo status di proprietà è diretto e la comunicazione è stata eseguita per procura dall’avvocato David Mason il 11 luglio 2025. Poiché si tratta di una normale ritenuta fiscale che coinvolge meno dello 0,5% del totale delle partecipazioni dell’insider, l’evento non è considerato rilevante ai fini di influenzare il mercato.

Brian Mulroy, Director Financiero de SEMrush Holdings, Inc. (símbolo SEMR), presentó un Formulario 4 referente a una transacción interna fechada el 10 de julio de 2025. El documento registra una transacción con código “F�, lo que significa que la empresa retuvo acciones únicamente para cumplir con obligaciones fiscales derivadas de la consolidación de unidades de acciones restringidas (RSU); no se produjo ninguna compra o venta en el mercado abierto.

  • Acciones retenidas: 4.079 acciones ordinarias Clase A
  • Precio de referencia: 8,97 $ por acción (precio de cierre en la fecha de consolidación)
  • Propiedad restante: 903.306 acciones Clase A en propiedad directa, parte de las cuales aún están como RSU no consolidadas

No se ejercieron, adquirieron ni dispusieron valores derivados. El estado de propiedad es directo y la presentación fue realizada por el apoderado David Mason el 11 de julio de 2025. Dado que la operación es una retención fiscal rutinaria y representa menos del 0,5% del total de las participaciones del insider, el evento no se considera significativo para el mercado.

SEMrush Holdings, Inc.(티커 SEMR)� 최고재무책임� 브라이언 멀로이2025� 7� 10�� 내부� 거래� 관� Form 4� 제출했습니다. 해당 보고서에� 코드 “F� 거래갶 기록되어 있는�, 이는 회사갶 제한 주식 단위(RSU)� 성취� 인한 세금 의무� 충족하기 위해 주식� 보유했음� 의미하며, 공개 시장에서� 매매� 없었습니�.

  • 보유 주식 �: 클래� A 보통� 4,079�
  • 참고 갶�: 주당 8.97달러 (성취� 종갶�)
  • 남은 소유 주식: 직접 보유� 클래� A 주식 903,306�, 일부� 아직 성취되지 않은 RSU

파생 증권� 행사, 취득 또는 처분은 없었으며, 소유 상태� 직접 소유이며, 보고서는 대리인 데이비드 메이슨이 2025� 7� 11�� 실행했습니다. � 활동은 일상적인 세금 원천징수� 해당하며 내부자의 전체 보유량의 0.5% 미만이므� 시장� 중대� 영향� 미치� 사건으로 간주되지 않습니다.

Brian Mulroy, Directeur Financier de SEMrush Holdings, Inc. (symbole SEMR), a déposé un formulaire 4 concernant une transaction d’initié datée du 10 juillet 2025. Le dépôt enregistre une transaction de code « F », ce qui signifie que la société a retenu des actions uniquement pour satisfaire aux obligations fiscales déclenchées par l’acquisition des unités d’actions restreintes (RSU) ; aucune vente ou achat sur le marché ouvert n’a eu lieu.

  • Actions retenues : 4 079 actions ordinaires de classe A
  • Prix de référence : 8,97 $ par action (cours de clôture à la date d’acquisition)
  • Propriété restante : 903 306 actions de classe A détenues directement, dont une partie est encore sous forme de RSU non acquises

Aucun instrument dérivé n’a été exercé, acquis ou cédé. Le statut de propriété est direct, et le dépôt a été effectué par le mandataire David Mason le 11 juillet 2025. Étant donné qu’il s’agit d’une retenue fiscale de routine impliquant moins de 0,5 % des avoirs totaux de l’initié, l’événement n’est pas considéré comme ayant un impact significatif sur le marché.

Brian Mulroy, Chief Financial Officer von SEMrush Holdings, Inc. (Ticker SEMR), reichte ein Formular 4 ein, das eine Insider-Transaktion vom 10. Juli 2025 dokumentiert. Die Meldung verzeichnet eine Transaktion mit Code „F�, was bedeutet, dass das Unternehmen Aktien ausschließlich einbehalten hat, um Steuerverpflichtungen zu erfüllen, die durch die Vesting von Restricted Stock Units (RSUs) ausgelöst wurden; kein Verkauf oder Kauf am offenen Markt fand statt.

  • Einbehaltene Aktien: 4.079 Stammaktien der Klasse A
  • Referenzpreis: 8,97 $ pro Aktie (Schlusskurs am Vesting-Tag)
  • Verbleibender Besitz: 903.306 direkt gehaltene Klasse-A-Aktien, von denen ein Teil noch unvested RSUs sind

Es wurden keine Derivate ausgeübt, erworben oder veräußert. Der Eigentumsstatus ist direkt, und die Meldung wurde durch den Bevollmächtigten David Mason am 11. Juli 2025 eingereicht. Da es sich um eine routinemäßige Steuerabführung handelt und weniger als 0,5 % des Gesamtbestands des Insiders betrifft, wird das Ereignis nicht als marktrelevant angesehen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU tax-withholding; CFO still retains 903k shares—neutral for investors.

The Form 4 shows an automatic share withholding (code F) of 4,079 shares valued at roughly $36.6 k. Such transactions do not reflect discretionary buying or selling and therefore carry limited signalling value. Mulroy’s sizable remaining stake (�903 k shares) underscores continued alignment with shareholder interests. No derivatives were exercised, and no substantive change in ownership structure occurred. Overall, the filing is administrative and not expected to impact SEMR’s valuation or trading dynamics.

Brian Mulroy, Chief Financial Officer di SEMrush Holdings, Inc. (simbolo SEMR), ha presentato un Modulo 4 relativo a una transazione interna datata 10 luglio 2025. La comunicazione riporta una transazione con codice “F�, indicante che la società ha trattenuto azioni esclusivamente per adempiere agli obblighi fiscali derivanti dalla maturazione di unità azionarie vincolate (RSU); non si è verificata alcuna vendita o acquisto sul mercato aperto.

  • Azioni trattenute: 4.079 azioni ordinarie di Classe A
  • Prezzo di riferimento: 8,97 $ per azione (prezzo di chiusura alla data di maturazione)
  • Possesso residuo: 903.306 azioni di Classe A detenute direttamente, di cui una parte è ancora costituita da RSU non maturate

Non sono stati esercitati, acquisiti o ceduti titoli derivati. Lo status di proprietà è diretto e la comunicazione è stata eseguita per procura dall’avvocato David Mason il 11 luglio 2025. Poiché si tratta di una normale ritenuta fiscale che coinvolge meno dello 0,5% del totale delle partecipazioni dell’insider, l’evento non è considerato rilevante ai fini di influenzare il mercato.

Brian Mulroy, Director Financiero de SEMrush Holdings, Inc. (símbolo SEMR), presentó un Formulario 4 referente a una transacción interna fechada el 10 de julio de 2025. El documento registra una transacción con código “F�, lo que significa que la empresa retuvo acciones únicamente para cumplir con obligaciones fiscales derivadas de la consolidación de unidades de acciones restringidas (RSU); no se produjo ninguna compra o venta en el mercado abierto.

  • Acciones retenidas: 4.079 acciones ordinarias Clase A
  • Precio de referencia: 8,97 $ por acción (precio de cierre en la fecha de consolidación)
  • Propiedad restante: 903.306 acciones Clase A en propiedad directa, parte de las cuales aún están como RSU no consolidadas

No se ejercieron, adquirieron ni dispusieron valores derivados. El estado de propiedad es directo y la presentación fue realizada por el apoderado David Mason el 11 de julio de 2025. Dado que la operación es una retención fiscal rutinaria y representa menos del 0,5% del total de las participaciones del insider, el evento no se considera significativo para el mercado.

SEMrush Holdings, Inc.(티커 SEMR)� 최고재무책임� 브라이언 멀로이2025� 7� 10�� 내부� 거래� 관� Form 4� 제출했습니다. 해당 보고서에� 코드 “F� 거래갶 기록되어 있는�, 이는 회사갶 제한 주식 단위(RSU)� 성취� 인한 세금 의무� 충족하기 위해 주식� 보유했음� 의미하며, 공개 시장에서� 매매� 없었습니�.

  • 보유 주식 �: 클래� A 보통� 4,079�
  • 참고 갶�: 주당 8.97달러 (성취� 종갶�)
  • 남은 소유 주식: 직접 보유� 클래� A 주식 903,306�, 일부� 아직 성취되지 않은 RSU

파생 증권� 행사, 취득 또는 처분은 없었으며, 소유 상태� 직접 소유이며, 보고서는 대리인 데이비드 메이슨이 2025� 7� 11�� 실행했습니다. � 활동은 일상적인 세금 원천징수� 해당하며 내부자의 전체 보유량의 0.5% 미만이므� 시장� 중대� 영향� 미치� 사건으로 간주되지 않습니다.

Brian Mulroy, Directeur Financier de SEMrush Holdings, Inc. (symbole SEMR), a déposé un formulaire 4 concernant une transaction d’initié datée du 10 juillet 2025. Le dépôt enregistre une transaction de code « F », ce qui signifie que la société a retenu des actions uniquement pour satisfaire aux obligations fiscales déclenchées par l’acquisition des unités d’actions restreintes (RSU) ; aucune vente ou achat sur le marché ouvert n’a eu lieu.

  • Actions retenues : 4 079 actions ordinaires de classe A
  • Prix de référence : 8,97 $ par action (cours de clôture à la date d’acquisition)
  • Propriété restante : 903 306 actions de classe A détenues directement, dont une partie est encore sous forme de RSU non acquises

Aucun instrument dérivé n’a été exercé, acquis ou cédé. Le statut de propriété est direct, et le dépôt a été effectué par le mandataire David Mason le 11 juillet 2025. Étant donné qu’il s’agit d’une retenue fiscale de routine impliquant moins de 0,5 % des avoirs totaux de l’initié, l’événement n’est pas considéré comme ayant un impact significatif sur le marché.

Brian Mulroy, Chief Financial Officer von SEMrush Holdings, Inc. (Ticker SEMR), reichte ein Formular 4 ein, das eine Insider-Transaktion vom 10. Juli 2025 dokumentiert. Die Meldung verzeichnet eine Transaktion mit Code „F�, was bedeutet, dass das Unternehmen Aktien ausschließlich einbehalten hat, um Steuerverpflichtungen zu erfüllen, die durch die Vesting von Restricted Stock Units (RSUs) ausgelöst wurden; kein Verkauf oder Kauf am offenen Markt fand statt.

  • Einbehaltene Aktien: 4.079 Stammaktien der Klasse A
  • Referenzpreis: 8,97 $ pro Aktie (Schlusskurs am Vesting-Tag)
  • Verbleibender Besitz: 903.306 direkt gehaltene Klasse-A-Aktien, von denen ein Teil noch unvested RSUs sind

Es wurden keine Derivate ausgeübt, erworben oder veräußert. Der Eigentumsstatus ist direkt, und die Meldung wurde durch den Bevollmächtigten David Mason am 11. Juli 2025 eingereicht. Da es sich um eine routinemäßige Steuerabführung handelt und weniger als 0,5 % des Gesamtbestands des Insiders betrifft, wird das Ereignis nicht als marktrelevant angesehen.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): July 7, 2025

 

 

 

MOVANO INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Delaware   001-40254   82-4233771
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification Number)

 

6800 Koll Center Parkway

Pleasanton, CA 94566

(Address of principal executive offices)

 

(415) 651-3172

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions.

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14d-2(b)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

 

Securities registered pursuant to Section 12(b)of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common stock, par value $0.0001   MOVE   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

 

On July 7, 2025, Movano Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of Nasdaq Stock Market (“Nasdaq”) indicating that, because the closing bid price for the Company’s common stock has fallen below $1.00 per share for 30 consecutive trading days, the Company was no longer in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”) and the late filing requirement, as set forth in Listing Rule 5250(c)(1), given the delay in filing its Form 10-Q for the quarter ended March 31, 2025 (the “Filing Requirement”). Pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period specified in Rule 5810(c)(3)(A) due to the fact that the Company has effected a reverse stock split over the prior one-year period.

 

The Notice stated that the Company’s securities will be suspended from trading on The Nasdaq Capital Market at the opening of business on July 16, 2025, and a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market, unless the Company requests an appeal of such determination to Nasdaq’s Hearings Panel (the “Panel”) by July 14, 2025. The Company plans to timely appeal the determination and submit a hearing request to Nasdaq’s Hearings Department, which will stay the suspension of the Company’s securities and the filing of the Form 25-NSE for 15 calendar days. The Company is also permitted to submit a request for an extended stay of suspension at the time it submits its hearing request. The Company intends to submit an extended stay request, which will be reviewed by the Panel no later than 15 days following the deadline to request a hearing. If the Panel grants the Company’s extended stay request, any further suspension or delisting action by Nasdaq will be stayed pending the conclusion of the hearing process and the expiration of any exception period granted by the Panel following the hearing. There can be no assurance that the Panel will grant the Company’s extended stay request or the Company’s request for continued listing or that the Company will be able to regain compliance and thereafter maintain its listing on Nasdaq.

 

Item 7.01 Regulation FD Disclosure

 

The information contained in Item 3.01 of this Current Report on Form 8-K is incorporated herein by reference.

 

On July 11, 2025, the Company issued a press release announcing the receipt of the Notice, a copy of which is furnished as Exhibit 99.1 to this report.

 

The information in this Item 7.01, including Exhibit 99.1 to this report, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). The information contained in this Item 7.01 and Exhibit 99.1 shall not be incorporated by reference into any filing under the Exchange Act or the Securities Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

 

Forward-Looking Statements

 

This Current Report on Form 8-K contains certain forward-looking statements within the meaning of federal securities laws with respect to the Company. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: our ability to cure any deficiencies in compliance with the Bid Price Requirement and Nasdaq’s requirements related to the timely filing of periodic financial reports or maintain compliance with other Nasdaq Listing Rules; our ability to ultimately obtain relief or extended periods to regain compliance from Nasdaq, if necessary, or to meet applicable Nasdaq requirements for any such relief or extension; and risks related to the substantial costs and diversion of personnel’s attention and resources due to these matters. Delisting from Nasdaq would materially and adversely affect our ability to raise capital and our financial condition and business. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

 

1

 

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibits

 

The following exhibits are filed herewith:

 

Exhibit No.   Exhibit Description
99.1   Press Release dated July 11, 2025 furnished herewith
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  MOVANO INC.
   
Dated: July 11, 2025 /s/ Jeremy Cogan
  Jeremy Cogan
  Chief Financial Officer

 

 

3

 

FAQ

What type of insider transaction was reported for SEMR?

The filing reports a code “F� tax-withholding transaction tied to RSU vesting, not an open-market sale.

How many shares were withheld from CFO Brian Mulroy?

4,079 Class A common shares were withheld to cover tax obligations.

At what price were the SEMR shares valued for withholding?

The shares were valued at $8.97, the closing price on July 10 2025.

How many SEMR shares does the CFO now own?

Following the transaction, Mulroy beneficially owns 903,306 Class A shares.

Does this Form 4 indicate an open-market sale by the CFO?

No. Code “F� denotes automatic withholding for taxes; no discretionary market sale occurred.

Were any derivative securities exercised in this filing?

No derivative securities were exercised, acquired, or disposed of.
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