Allegretto quasi Andantino, E major, 2/4 time

It takes the form of a rondo, where a 16-bar refrain repeatedly returns, interspersed with two types of couplets. In the tranquil opening theme of the movement, presented in E major, the right hand plays legato while the left hand plays staccato. From bar 17, the first flowing couplet, featuring sixteenth notes, appears in C major. The refrain, returning at bar 43, is in F major, and its accompaniment rhythm carries over the sixteenth notes from the preceding couplet. From bar 59, the second couplet appears, taking on a march-like eighth-note accompaniment in D minor. From bar 115, the refrain returns in the tonic key. Here, it adopts yet another accompaniment figure and concludes with a 14-bar coda.

Notably, the melody of this movement's refrain is later reused as the theme for the fourth movement of Piano Sonata D 959