Ben Errez - Nov 4, 2020 Form 4/A - Amendment Insider Report for RYVYL Inc. (RVYL)

Signature
/s/ Ben Errez
Stock symbol
RVYL
Transactions as of
Nov 4, 2020
Transactions value $
-$10,640,014
Form type
4/A - Amendment
Date filed
12/21/2022, 04:19 PM
Date Of Original Report
Dec 28, 2020
Next filing
Aug 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVYL Common Stock par value $0.001 Options Exercise $32.5K +500K +0.4% $0.07* 125M Nov 4, 2020 Direct F1
transaction RVYL Common Stock par value $0.001 Tax liability -$3.41K -52.4K -0.04% $0.07* 125M Nov 4, 2020 Direct F1
transaction RVYL Common Stock par value $0.001 Sale -$25K -52.1K -0.04% $0.48 125M Nov 25, 2020 Direct
transaction RVYL Common Stock par value $0.001 Disposed to Issuer -$4.19M -1.8M -1.43% $2.33 124M Feb 12, 2021 GreenBox POS LLC F2, F3
transaction RVYL Common Stock par value $0.001 Gift $0 -10K -0.01% $0.00 124M Jan 5, 2021 Direct
transaction RVYL Common Stock par value $0.001 Sale -$250K -192K -0.16% $1.30 124M Feb 12, 2021 Direct F4
transaction RVYL Common Stock par value $0.001 Award $4.99K +389 +0% $12.84* 20.6M Mar 15, 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5K +495 +0% $10.10* 20.6M Apr 15, 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5K +542 +0% $9.22* 20.6M May 15, 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5.01K +343 +0% $14.60* 20.6M Jun 15, 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5K +482 +0% $10.37* 20.6M Jul 15, 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5K +647 +0% $7.73* 20.6M Aug 15, 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5K +496 +0% $10.09* 20.6M Sep 15, 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5K +659 +0% $7.59* 20.6M Oct 15, 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Disposed to Issuer -$5.59M -1M -4.85% $5.59* 19.6M Nov 24, 2021 GreenBox POS LLC F7
transaction RVYL Common Stock par value $0.001 Award $5K +758 +0% $6.60* 19.6M Jan 20, 2022 Direct F8
transaction RVYL Common Stock par value $0.001 Award $5K +1.01K +0.01% $4.96 19.6M Jan 20, 2022 Direct
transaction RVYL Common Stock par value $0.001 Award $15K +3.51K +0.02% $4.27 19.6M Jan 27, 2022 Direct F9
transaction RVYL Common Stock par value $0.001 Award $3.6K +1.48K +0.01% $2.43 19.6M Mar 15, 2022 Direct F10
transaction RVYL Common Stock par value $0.001 Award $11.4K +3.35K +0.02% $3.40 19.6M Apr 27, 2022 Direct F11
transaction RVYL Common Stock par value $0.001 Award $32.1K +15.2K +0.08% $2.12 19.6M Jul 22, 2022 Direct F12
transaction RVYL Common Stock par value $0.001 Award $15K +17.6K +0.09% $0.85 19.7M Jul 22, 2021 Direct F13
transaction RVYL Common Stock par value $0.001 Award $67.5K +53.1K +0.27% $1.27 19.7M Aug 16, 2022 Direct F14
transaction RVYL Common Stock par value $0.001 Disposed to Issuer -$820K -1M -5.07% $0.82 18.7M Oct 3, 2022 GreenBox POS LLC F7
transaction RVYL Common Stock par value $0.001 Award $15K +14.3K +0.08% $1.05 18.7M Oct 17, 2022 Direct F15
transaction RVYL Common Stock par value $0.001 Tax liability -$135 -144 0% $0.94 18.7M Oct 27, 2022 Direct F16

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RVYL Stock Options Options Exercise $0 -500K -100% $0.00* 0 Nov 4, 2020 Common Stock, par value $0.001 500K $0.07 Direct F1
transaction RVYL Stock Options Award $0 +500K $0.00 500K Dec 1, 2020 Common Stock, par value $0.001 500K $1.01 Direct F5
transaction RVYL Stock Options Award $0 +3.01K +3.61% $0.00 86.3K Jun 2, 2021 Common Stock, par value $0.001 3.01K $13.31 Direct
transaction RVYL Stock Options Award $0 +8.18K +9.48% $0.00 94.5K Apr 13, 2022 Common Stock, par value $0.001 8.18K $3.66 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Errez did a cashless exercise of his 500,000 stock options granted on 6/24/2020, 52,420 of which were used to pay the exercise price.
F2 The reporting party indirectly sold 1.8 million shares to RYVYL Inc. with a purchase price based on the value of the shares as of the date on which the transaction was agreed.
F3 The reporting person serves as a managing member of GreenBox POS LLC.
F4 The Company effected a reverse stock split of 1:6 on February 17, 2021. As a result, Mr. Errez's 123,628,741 shares of common stock became 20,604,790 shares of common stock.
F5 The Company effected a reverse stock split of 1:6 on February 17, 2021. As a result, Mr. Errez's 500,000 stock options became 83,333 stock options.
F6 Mr. Errez earns $5,000 worth of shares of Common stock monthly, issuable on the 15th day of each month in the number based on the closing price of our Common Stock on that date or the next trading day.
F7 The reporting person indirectly sold one million shares to RYVYL Inc. with a purchase price based on the value of the shares as of the date on which the transaction was agreed.
F8 Mr. Errez earns $5,000 worth of shares of Common stock monthly, issuable on the 15th day of each month in the number based on the closing price of our Common Stock on that date or the next trading day. The issuances for November and December 2021 were delayed and consolidated in one issuance.
F9 On January 27, 2022, as part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 3,513 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted vest immediately upon issuance, an additional 1/3 of the shares shall vest each month thereafter, and all shares vest fully on March 15, 2022.
F10 Mr. Errez earns $5,000 worth of shares of Common stock monthly, issuable on the 15th day of each month in the number based on the closing price of our Common Stock on that date or the next trading day. As part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted shares valued at $3,600 in a March issuance that will be applied against Q2 issuances.
F11 On April 27th 2022, as part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 3,354 shares of common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted shall vest in 6 months, and an additional 1/3 of the shares shall vest each month thereafter. All shares will vest fully on December 15, 2022.
F12 Mr. Errez was granted 15,152 shares for his 2021 performance review in accordance with the 2021 Restricted Stock Plan.
F13 On July 15th, 2022, as part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 17,646 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted vest in 6 months, and an additional 1/3 of the shares shall vest each month thereafter. All shares will vest fully on March 15th, 2023.
F14 The Board of Directors approved a $67,500 raise in compensation for Mr. Errez for the remainder of the 2022 calendar year. Per the approval of the Board of Directors, Mr. Errez elected to receive this amount in shares of Common Stock in lieu of cash.
F15 On October 17, 2022, as part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 14,283 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted vest in 6 months, and an additional 1/3 of the shares shall vest each month thereafter. All shares will vest fully on June 14, 2023.
F16 Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on April 27, 2022.