Ben Errez - Nov 15, 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
Stock symbol
RVYL
Transactions as of
Nov 15, 2022
Transactions value $
$7,583
Form type
4
Date filed
5/12/2023, 04:07 PM
Previous filing
May 4, 2022
Next filing
Aug 21, 2023

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% $0.96 18.7M Nov 15, 2022 Direct F2
transaction RVYL Common Stock par value $0.001 Tax liability -$5.33K -5.79K -0.03% $0.92 18.7M Nov 17, 2022 Direct F3
transaction RVYL Common Stock par value $0.001 Tax liability -$55 -104 0% $0.53 18.7M Dec 15, 2022 Direct F4
transaction RVYL Common Stock par value $0.001 Tax liability -$1.49K -1.89K -0.01% $0.79 18.7M Jan 17, 2023 Direct F5
transaction RVYL Common Stock par value $0.001 Tax liability -$857 -1.62K -0.01% $0.53 18.7M Feb 15, 2023 Direct F6
transaction RVYL Common Stock par value $0.001 Tax liability -$14.1K -26.6K -0.14% $0.53 18.7M Feb 15, 2023 Direct F7
transaction RVYL Common Stock par value $0.001 Tax liability -$468 -1.3K -0.01% $0.36 18.7M Mar 15, 2023 Direct F8
transaction RVYL Common Stock par value $0.001 Award $15K +19K +0.1% $0.79 18.7M May 1, 2023 Direct F1, F9
transaction RVYL Common Stock par value $0.001 Award $15K +18.8K +0.1% $0.80 18.7M May 1, 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.