New Insider Seth Demsey Files Form 3 for Corvex, Inc.

TL;DR

**New insider Seth Demsey just filed his initial ownership statement for Corvex, Inc., setting the stage for future trading disclosures.**

AI Summary

Seth Demsey, a new insider at Corvex, Inc. (CIK: 0001734750), filed a Form 3 on March 23, 2026, indicating his initial beneficial ownership of the company's securities. This filing is a standard requirement for new officers, directors, or significant shareholders, establishing a baseline for future disclosures of his holdings. For investors, this matters because it signals a new key individual has joined Corvex, and their future buying or selling activity could provide insights into the company's prospects.

Why It Matters

This filing introduces Seth Demsey as a new insider at Corvex, Inc., whose future trading activity will be closely watched by investors for signals about the company's health.

Risk Assessment

Risk Level: low — A Form 3 filing is a routine disclosure for new insiders and does not inherently indicate a positive or negative event for the company.

Analyst Insight

Smart investors should add Seth Demsey to their watchlist for Corvex, Inc., as his future Form 4 filings (detailing trades) could provide valuable insights into his confidence in the company.

Key Players & Entities

• Demsey Seth (person) — Reporting Person
• Corvex, Inc. (company) — Issuer
• 0002118009 (person) — CIK for Demsey Seth
• 0001734750 (company) — CIK for Corvex, Inc.

FAQ

Key Financial Figures

• $0.0001 — Convertible Preferred Stock, par value $0.0001 per share (the "Series B Preferred Stoc

Filing Documents

• ownership.html (3)
• ownership.xml (3) — 11KB
• 0001193125-26-120048.txt ( ) — 12KB

From the Filing

SEC FORM 3 SEC Form 3 FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5 1. Name and Address of Reporting Person * Demsey Seth (Last) (First) (Middle) 3401 NORTH FAIRFAX DRIVE, SUITE 3230 (Street) ARLINGTON VIRGINIA 22226 (City) (State) (Zip) UNITED STATES (Country) 2. Date of Event Requiring Statement (Month/Day/Year) 03/19/2026 3. Issuer Name and Ticker or Trading Symbol Corvex, Inc. [ MOVE ] 3a. Foreign Trading Symbol 5. If Amendment, Date of Original Filed (Month/Day/Year) 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below) 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person Table I - Non-Derivative Securities Beneficially Owned 1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 3,054,235 (1) D Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares Incentive Stock Option (right to buy) (2) 03/19/2036 Common Stock 2,902,143 $ 10.06 D Series B Convertible Preferred Stock (3) (4) (5) Common Stock 24,533 $ 0 D Series B Convertible Preferred Stock (3) (4) (5) Common Stock 140 $ 0 I By Ainsworth Holdings, LLC (6) Series C Non-Voting Convertible Preferred Stock (3) (7) (5) Common Stock 5,484,388 $ 0 D Series C Non-Voting Convertible Preferred Stock (3) (7) (5) Common Stock 31,270 $ 0 I By Ainsworth Holdings, LLC (6) Explanation of Responses: 1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. RSUs vest in equal quarterly installments over four years following the closing of the Merger (as defined below). 2. Options will vest in equal quarterly installments over four years following the closing of the Merger. 3. Granted pursuant to the Amended and Restated Agreement and Plan of Merger dated as of March 19, 2026 (the "Merger Agreement") among Movano Inc. (the "Movano" or the "Issuer"), Corvex, Inc. ('Corvex"), Thor Merger Sub, Inc., a Delaware corporation, and a wholly owned subsidiary of Movano, under which (a) the Merger Sub merged with and into Corvex, with Corvex surviving as a wholly-owned subsidiary of Movano (the "Merger"). Movano's name following the Merger was changed to "Corvex, Inc." 4. In accordance with the Merger Agreement, in exchange for the shares of common stock of Corvex held by the Reporting Person, at the effective time of the Merger, the Reporting Person received 24.5327 shares of Issuer Series B Convertible Preferred Stock, par value $0.0001 per share (the "Series B Preferred Stock") and Ainsworth (as defined below) received 0.1399 shares of Issuer Series B Preferred Stock, which shall automatically convert into 24,533 shares and 140 shares, respectively, of Issuer common stock, par value $0.0001 per share ("Common Stock") on March 31, 2026. 5. The preferred stock is perpetual and therefore has no expiration date. 6. The securities are held by Ainsworth Holdings, LLC ("Ainsworth"). The Reporting Person is the managing member of Ainsworth and has sole voting and dispositive power over the Issuer common stock held by Ainsworth. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein. 7. In accordance with the Merger Agreement, in exchange for the shares of common stock of Corvex held by the Reporting Person, at the effective time of the Merger, the Reporting Person received 5,484.3883 shares of Issuer Series C Non-Voting Convertible Preferred Stock, par value $0.0001 per share (the "Series C Preferred Stock") and Ainsworth received 31.2700 shares of Issuer Series C Preferred Stock, which shall automatically convert into 5,484,388 shares and 31,270 shares, respectively, of Issuer Common Stock subject to and contingent upon the affirmative vote of a majority of the shares of Common Stock entitled to vote at a meeting of stockholders of the Issuer to approve the issuance of shares of Common Stock underlying the Series C Preferred S

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