Moderato, E minor, 4/4 time.

It is in sonata form. The first theme in E minor possesses a gentle and lyrical character due to its frequent stepwise motion connected by slurs. The second theme is presented in G major, the relative major (m. 17). This new thematic area is characterized by the continuous sounding of triplets as accompaniment, featuring neighboring tone figures, repeated chords, and a waltz-like figuration.

The development section (m. 38) is constructed using material from the second theme. Even with repeated modulations and changes in the accompanying figuration, the triplets characteristic of the second theme constantly resound in one of the voices.

It is in the recapitulation, beginning at m. 61, that these triplets are no longer used. Here, the first theme returns in the tonic key, and the second theme returns in the parallel major. To allow the second theme to return in the parallel major, the restatement of the theme (m. 7), which was repeated in E minor in the exposition, is carried out in B minor in the recapitulation (m. 67).