Ben Errez - Nov 13, 2023 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 13, 2023
Transactions value $
$163,056
Form type
4
Date filed
11/28/2023, 04:12 PM
Previous filing
Oct 20, 2023
Next filing
Dec 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 -$173 -84 0% $2.06 1.88M Nov 13, 2023 Direct F1
transaction RVYL Common Stock par value $0.001 Tax liability -$171 -83 0% $2.06 1.88M Nov 13, 2023 Direct F2
transaction RVYL Common Stock par value $0.001 Award $5K +2.43K +0.13% $2.06 1.88M Nov 22, 2023 Direct F3
transaction RVYL Common Stock par value $0.001 Award $158K +80K +4.09% $1.98 2.04M Nov 27, 2023 Direct F4

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 Award $0 +80K +846.38% $0.00 89.5K Nov 16, 2023 Common Stock, Par value 80K $2.18 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on May 1, 2023 for Q1 2023 compensation.
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 May 1, 2023 for Q2 2023 compensation.
F3 On November 15, 2023, as part of his monthly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 2,427 shares of Common Stock pursuant to the Company's 2023 Equity Incentive Plan, whereby the shares granted shall vest on 5/13/2024. The issuance for the grant occurred on November 22, 2023.
F4 On November 16, 2023, the Company granted Mr. Errez 80,000 shares of Common Stock pursuant to the Company's 2023 Equity Incentive Plan, whereby 1/3 of the shares granted shall vest on December 31, 2023, an additional 1/3 of the shares granted shall vest each year thereafter, and all shares shall fully vest on December 31, 2025. The issuance for the grant occurred on November 27, 2023.
F5 On November 16, 2023, the Company granted Mr. Errez 80,000 stock options pursuant to the Company's 2023 Equity Incentive Plan, whereby 1/3 of the options granted shall vest on December 31, 2023, an additional 1/3 of the options granted shall vest each year thereafter, and all options shall fully vest on December 31, 2025.
F6 The Company effected a reverse stock split of 1:10 on September 6, 2023. As a result, Mr. Errez's 94,522 stock options became 9,452 stock options.