Certain Options of Movano Inc. are subject to a Lock-Up Agreement Ending on 11-SEP-2023. These Options will be under lockup for 90 days starting from 13-JUN-2023 to 11-SEP-2023.

Details:
The officers and directors have agreed that, for a period of three months from the closing of the offering, they will not, subject to certain exceptions, sell, transfer or dispose of, directly or indirectly, any shares of capital stock or any securities convertible into or exercisable or exchangeable for shares of capital stock. Additionally, they have agreed that, for a period of three months from the closing of the offering, they will not, subject to certain exceptions, sell, transfer or dispose of, directly or indirectly, any shares of capital stock or any securities convertible into or exercisable or exchangeable for shares of capital stock, except that (i) they may sell shares under existing at-the-market offering program with B. Riley Securities, Inc. and (ii) they may issue shares under equity incentive plans.