Ben Errez - 15 Nov 2022 Form 4 Insider Report for RYVYL Inc. (RVYL)

Role
Chairman of Board of Directors, Director, 10%+ Owner
Signature
/s/ Jasmine Farrington Attorney-in-fact
Issuer symbol
RVYL
Transactions as of
15 Nov 2022
Net transactions value
+$7,583
Form type
4
Filing time
12 May 2023, 16:07:04 UTC
Previous filing
04 May 2022
Next filing
21 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVYL Common Stock par value $0.001 Tax liability $139 -145 -0% $0.9600 18,730,087 15 Nov 2022 Direct F2
transaction RVYL Common Stock par value $0.001 Tax liability $5,326 -5,789 -0.03% $0.9200 18,724,298 17 Nov 2022 Direct F3
transaction RVYL Common Stock par value $0.001 Tax liability $55.12 -104 -0% $0.5300 18,724,194 15 Dec 2022 Direct F4
transaction RVYL Common Stock par value $0.001 Tax liability $1,490 -1,886 -0.01% $0.7900 18,722,308 17 Jan 2023 Direct F5
transaction RVYL Common Stock par value $0.001 Tax liability $857 -1,617 -0.01% $0.5300 18,720,691 15 Feb 2023 Direct F6
transaction RVYL Common Stock par value $0.001 Tax liability $14,082 -26,569 -0.14% $0.5300 18,694,122 15 Feb 2023 Direct F7
transaction RVYL Common Stock par value $0.001 Tax liability $468 -1,299 -0.01% $0.3600 18,692,823 15 Mar 2023 Direct F8
transaction RVYL Common Stock par value $0.001 Award $15,000 +18,987 +0.1% $0.7900 18,711,810 01 May 2023 Direct F1, F9
transaction RVYL Common Stock par value $0.001 Award $15,000 +18,750 +0.1% $0.8000 18,730,560 01 May 2023 Direct F1, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on May 17, 2022.
F4 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.
F5 Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022.
F6 Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022.
F7 Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on August 16, 2022.
F8 Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022.
F9 On April 17th, 2023, as part of his quarterly compensation for Q1 as a director of the Company, the Board of Directors of the Company granted Mr. Errez 18,987 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 12th, 2023. This grant was issued on May 1, 2023.
F10 On April 17th, 2023, as part of his quarterly compensation for Q2 as a director of the Company, the Board of Directors of the Company granted Mr. Errez 18,750 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 12th, 2023. This grant was issued on May 1, 2023.