Fredi Nisan - 04 Nov 2020 Form 4/A - Amendment Insider Report for RYVYL Inc. (RVYL)

Signature
/s/ Fredi Nisan
Issuer symbol
RVYL
Transactions as of
04 Nov 2020
Net transactions value
+$9,916,667
Form type
4/A - Amendment
Filing time
30 May 2023, 16:45:37 UTC
Date Of Original Report
28 Dec 2020
Next filing
04 Aug 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 $32,500 +500,000 +0.4% $0.0650* 125,235,244 04 Nov 2020 Direct F1
transaction RVYL Common Stock par value $0.001 Tax liability $3,407 -52,420 -0.04% $0.0650* 125,182,824 04 Nov 2020 Direct F1
transaction RVYL Common Stock par value $0.001 Sale $75,000 -250,000 -0.2% $0.3000 124,932,824 13 Nov 2020 Direct
transaction RVYL Common Stock par value $0.001 Sale $52,239 +74,627 +0.06% $0.7000 125,358,197 22 Dec 2020 Direct
transaction RVYL Common Stock par value $0.001 Disposed to Issuer $4,194,000 +1,800,000 +1.5% $2.33 123,558,197 12 Feb 2021 GreenBox POS LLC F2, F3, F4
transaction RVYL Common Stock par value $0.001 Award $4,995 +389 +0% $12.84* 20,593,422 15 Mar 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5,000 +495 +0% $10.10* 20,593,917 15 Apr 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $4,997 +542 +0% $9.22* 20,594,459 15 May 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Sale $14,043 +20,062 +0.1% $0.7000 20,577,402 21 May 2021 Direct
transaction RVYL Common Stock par value $0.001 Award $5,008 +343 +0% $14.60* 20,577,745 15 Jun 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $4,998 +482 +0% $10.37* 20,578,227 15 Jul 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5,001 +647 +0% $7.73* 20,578,874 16 Aug 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Purchase $2,428 +280 +0% $8.67* 20,579,154 26 Aug 2021 Direct
transaction RVYL Common Stock par value $0.001 Purchase $7,324 +837 +0% $8.75* 20,579,991 26 Aug 2021 Direct
transaction RVYL Common Stock par value $0.001 Purchase $8,496 +971 +0% $8.75* 20,580,962 26 Aug 2021 Direct
transaction RVYL Common Stock par value $0.001 Purchase $1,680 +192 +0% $8.75* 20,581,154 26 Aug 2021 Direct
transaction RVYL Common Stock par value $0.001 Purchase $66.29 +7 +0% $9.47* 20,581,161 01 Sep 2021 Direct
transaction RVYL Common Stock par value $0.001 Award $5,005 +496 +0% $10.09* 20,581,657 15 Sep 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Award $5,002 +659 +0% $7.59* 20,582,316 15 Oct 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Disposed to Issuer $5,590,000 +1,000,000 +5.4% $5.59* 19,582,316 24 Nov 2021 GreenBox POS LLC F7
transaction RVYL Common Stock par value $0.001 Award $5,003 +758 +0% $6.60* 19,583,074 20 Jan 2022 Direct F8
transaction RVYL Common Stock par value $0.001 Award $5,000 +1,008 +0.01% $4.96 19,584,082 20 Jan 2022 Direct F8
transaction RVYL Common Stock par value $0.001 Award $15,001 +3,513 +0.02% $4.27 19,587,595 27 Jan 2022 Direct F9
transaction RVYL Common Stock par value $0.001 Award $3,599 +1,481 +0.01% $2.43 19,589,076 15 Mar 2022 Direct F10
transaction RVYL Common Stock par value $0.001 Award $11,404 +3,354 +0.02% $3.40 19,600,614 27 Apr 2022 Direct F11
transaction RVYL Common Stock par value $0.001 Purchase $9,840 +4,800 +0.02% $2.05 19,605,414 23 May 2022 Direct
transaction RVYL Common Stock par value $0.001 Purchase $159 +80 +0% $1.99 19,605,494 13 Jun 2022 Direct
transaction RVYL Common Stock par value $0.001 Purchase $858 +600 +0% $1.43 19,606,094 16 Jun 2022 Direct
transaction RVYL Common Stock par value $0.001 Purchase $858 +600 +0% $1.43 19,606,694 16 Jun 2022 Direct
transaction RVYL Common Stock par value $0.001 Purchase $572 +400 +0% $1.43 19,607,094 16 Jun 2022 Direct

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 -500,000 -100% $0.000000* 0 04 Nov 2020 Common Stock, par value $0.001 500,000 $0.0650 Direct F1
transaction RVYL Stock Options Award $0 +500,000 $0.000000 500,000 01 Dec 2020 Common Stock, par value $0.001 500,000 $1.01 Direct F5
transaction RVYL Stock Options Award $0 +3,005 +3.6% $0.000000 86,338 02 Jun 2021 Common Stock, par value $0.001 3,005 $13.31 Direct
transaction RVYL Stock Options Award $0 +8,184 +9.5% $0.000000 94,522 13 Apr 2022 Common Stock, par value $0.001 8,184 $3.66 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Nisan 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. Nisan's 123,558,197 shares of common stock became 20,593,033 shares of common stock.
F5 The Company effected a reverse stock split of 1:6 on February 17, 2021. As a result, Mr. Nisan's 500,000 stock options became 83,333 stock options.
F6 Mr. Nisan earns $5,000 worth of shares of Common stock monthly as compensation for serving as a Director of the Company, issuable on the 15th day of each month calculated 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. Nisan earns $5,000 worth of shares of Common stock monthly as compensation for serving as a Director of the Company, issuable on the 15th day of the first month of each quarter in the number based on the closing price of our Common Stock on that date or the next trading day. The issuances for November 2021 and December 2021 were delayed.
F9 The Board of Directors of the Company granted Mr. Nisan 3,513 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan as compensation for serving as a Director of the Company during Q1 2022, 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. Nisan earns $5,000 worth of shares of Common stock monthly as compensation for serving as a Director of the Company based on the closing price of our Common Stock on that date or the next trading day. 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 Mr. Nisan earns $5,000 worth of shares of Common stock monthly as compensation for serving as a Director of the Company, issuable on the 15th day of the first month of each quarter calculated based on the closing price of our Common Stock on that date or the next trading day, whereby 1/3 of the shares granted shall vest 6 months after issuance and an additional 1/3 of the shares shall vest each month thereafter.

Remarks:

See continuance of amended transactions on Form 4 filed on the same day.