Sec Form 5 Filing - DEMARSILIS SALLIE A @ MOVADO GROUP INC - 2021-01-31

FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person DEMARSILIS SALLIE A 2. Issuer Name and Ticker or Trading Symbol MOVADO GROUP INC [ MOV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) C/O MOVADO GROUP, INC.,, 650 FROM ROAD, SUITE 375 3. Date of Earliest Transaction (MM/DD/YY) 01/31/2021 (Street) PARAMUS, NJ07652 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 09/20/2016 P( 1 ) V 109 A $ 21.44 51,429 D Common Stock 12/16/2016 P( 1 ) V 78 A $ 30.15 51,429 D Common Stock 04/17/2017 P( 1 )( 2 ) 102 A $ 23.25 51,823 D Common Stock 06/20/2017 P( 1 )( 3 ) 120 A $ 22.85 51,823 D Common Stock 09/25/2017 P( 1 )( 3 ) 101 A $ 27.27 51,823 D Common Stock 12/15/2017 P( 1 ) V 71 A $ 30.75 51,823 D Common Stock 04/25/2018 P( 1 ) V 88 A $ 38.6 52,223 D Common Stock 06/25/2018 P( 1 ) V 82 A $ 48.6 52,223 D Common Stock 09/25/2018 P( 1 ) V 99 A $ 40.23 52,223 D Common Stock 12/28/2018 P( 1 ) V 131 A $ 30.74 52,223 D Common Stock 04/24/2019 P( 1 ) V 120 A $ 33.7 52,955 D Common Stock 06/25/2019 P( 1 ) V 184 A $ 26.53 52,955 D Common Stock 09/24/2019 P( 1 ) V 201 A $ 24.42 52,955 D Common Stock 12/20/2019 P( 1 ) V 227 A $ 21.82 52,955 ( 4 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DEMARSILIS SALLIE A C/O MOVADO GROUP, INC., 650 FROM ROAD, SUITE 375 PARAMUS, NJ07652 Chief Financial Officer Signatures /s/ Sallie A. DeMarsilis 03/12/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The purchases reported on this Form 5 were not previously reported by the Reporting Person. The purchases were executed automatically pursuant to a dividend reinvestment feature in the Reporting Person's personal brokerage account that was recently discovered by the Reporting Person. ( 2 )This purchase of shares of common stock was a "matching" transaction under Section 16(b) of the Securities Exchange Act of 1934, as amended, with the sale by the Reporting Person of 8,058 shares of common stock on September 6, 2017. As of the date hereof, the Reporting Person has made the issuer aware of such profit and has paid such profit to the issuer. ( 3 )Each of these purchases of shares of common stock was a "matching" transaction under Section 16(b) of the Securities Exchange Act of 1934, as amended, with the sale by the Reporting Person of 5,401 shares of common stock on November 27, 2017. As of the date hereof, the Reporting Person has made the issuer aware of such profit and has paid such profit to the issuer. ( 4 )Represents 52,955 shares of common stock beneficially owned by the Reporting Person as of January 31, 2021, which includes 1,713 shares of common stock acquired by the Reporting Person automatically pursuant to a dividend reinvestment feature in the Reporting Person's personal brokerage account that was recently discovered by the Reporting Person.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.