Ben Errez - 13 Nov 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
Issuer symbol
RVYL
Transactions as of
13 Nov 2023
Net transactions value
+$163,056
Form type
4
Filing time
28 Nov 2023, 16:12:27 UTC
Previous filing
20 Oct 2023
Next filing
21 Dec 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 Tax liability $173 -84 -0% $2.06 1,875,901 13 Nov 2023 Direct F1
transaction RVYL Common Stock par value $0.001 Tax liability $171 -83 -0% $2.06 1,875,818 13 Nov 2023 Direct F2
transaction RVYL Common Stock par value $0.001 Award $5,000 +2,427 +0.13% $2.06 1,878,245 22 Nov 2023 Direct F3
transaction RVYL Common Stock par value $0.001 Award $158,400 +80,000 +4.1% $1.98 2,038,245 27 Nov 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 +80,000 +846% $0.000000 89,452 16 Nov 2023 Common Stock, Par value 80,000 $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.