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

Signature
/s/ Fredi Nisan
Stock symbol
RVYL
Transactions as of
Nov 4, 2020
Transactions value $
$9,916,667
Form type
4/A - Amendment
Date filed
5/30/2023, 04:45 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 -$75K -250K -0.2% $0.30 125M Nov 13, 2020 Direct
transaction RVYL Common Stock par value $0.001 Sale $52.2K +74.6K +0.06% $0.70 125M Dec 22, 2020 Direct
transaction RVYL Common Stock par value $0.001 Disposed to Issuer $4.19M +1.8M +1.48% $2.33 124M Feb 12, 2021 GreenBox POS LLC F2, F3, 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 Sale $14K +20.1K +0.1% $0.70 20.6M May 21, 2021 Direct
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 16, 2021 Direct F6
transaction RVYL Common Stock par value $0.001 Purchase $2.43K +280 +0% $8.67* 20.6M Aug 26, 2021 Direct
transaction RVYL Common Stock par value $0.001 Purchase $7.32K +837 +0% $8.75* 20.6M Aug 26, 2021 Direct
transaction RVYL Common Stock par value $0.001 Purchase $8.5K +971 +0% $8.75* 20.6M Aug 26, 2021 Direct
transaction RVYL Common Stock par value $0.001 Purchase $1.68K +192 +0% $8.75* 20.6M Aug 26, 2021 Direct
transaction RVYL Common Stock par value $0.001 Purchase $66.30 +7 +0% $9.47* 20.6M Sep 1, 2021 Direct
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 +5.38% $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 F8
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 Purchase $9.84K +4.8K +0.02% $2.05 19.6M May 23, 2022 Direct
transaction RVYL Common Stock par value $0.001 Purchase $159 +80 +0% $1.99 19.6M Jun 13, 2022 Direct
transaction RVYL Common Stock par value $0.001 Purchase $858 +600 +0% $1.43 19.6M Jun 16, 2022 Direct
transaction RVYL Common Stock par value $0.001 Purchase $858 +600 +0% $1.43 19.6M Jun 16, 2022 Direct
transaction RVYL Common Stock par value $0.001 Purchase $572 +400 +0% $1.43 19.6M Jun 16, 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 -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. 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.