David Montoya - 18 Aug 2023 Form 4 Insider Report for RYVYL Inc. (RVYL)

Role
Director
Signature
/s/ Jasmine Farrington, attorney-in-fact
Issuer symbol
RVYL
Transactions as of
18 Aug 2023
Net transactions value
+$9,997
Form type
4
Filing time
22 Sep 2023, 17:03:26 UTC
Previous filing
20 Jul 2023
Next filing
20 Oct 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 Award $4,999 +4,716 +22% $1.06 26,567 18 Aug 2023 Direct F1, F2
transaction RVYL Common Stock par value $0.001 Award $4,998 +1,020 +38% $4.90 3,677 19 Sep 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 15th, 2023, as part of his monthly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Montoya 4,716 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby the shares granted shall vest on 2/11/2024.
F2 The Company effected a reverse stock split of 1:10 on September 6, 2023. As a result, Mr. Montoya's 26,567 shares of Common Stock became 2,657 shares of Common Stock.
F3 On September 19th 2023, as part of his monthly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Montoya 1,020 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby the shares granted shall vest on 3/13/2024.