Ryvyl INC Schedule 13G passive stakes

Jason Christopher Dorsett has reported beneficial ownership of 4,174,028 shares, representing 30.6% of the outstanding common stock of RTB Digital, Inc.

Arena Investors, LP and its affiliates have reported a complete divestment of their beneficial ownership in RYVYL Inc. common stock.

Arena Investors, LP and its affiliates have reported a 9.99% beneficial ownership stake in RYVYL Inc.'s common stock as of September 30, 2025.

Wendy Rae Dawson has increased her beneficial ownership in RYVYL Inc. to 7.8% of the common stock, holding 1,250,000 shares.

Wendy Rae Dawson has disclosed a 6.9% beneficial ownership stake in RYVYL Inc., holding 1,100,000 shares of common stock.

CVI Investments, Inc. and its investment manager, Heights Capital Management, Inc., have filed an amended Schedule 13G indicating zero beneficial ownership of RYVYL Inc. common stock.

Arena Investors, LP and its affiliates have reported a passive beneficial ownership of 8.7% in RYVYL Inc.'s common stock.

S8 Global Fintech & Regtech Fund has reported a substantial beneficial ownership of 19.43% in RYVYL Inc.'s common stock, signaling a significant institutional investment in the fintech company.

CVI Investments, Inc. and Heights Capital Management, Inc. have filed an amendment to disclose a 9.9% beneficial ownership stake in RYVYL Inc. common stock, primarily through convertible notes.