Form 4: RYVYL Inc. CEO Fredi Nisan Awarded 380,000 Restricted Stock Units
SEC Form 4 Filing
RYVYL Inc. CEO Fredi Nisan received two grants of 190,000 restricted stock units each, vesting over three years, as per the company's equity incentive plan.
Summary
- Fredi Nisan, CEO of RYVYL Inc., was granted 380,000 restricted stock units on April 8, 2025.
- The grants are in accordance with the Amended and Restated 2023 Equity Incentive Plan.
- Each grant consists of 190,000 restricted stock units priced at $0.79.
- The first grant vests with a five-quarter cliff vesting on May 15, 2025, and will be fully vested by March 15, 2027.
- The second grant vests with a one-quarter cliff vesting on May 15, 2025, and will be fully vested by February 15, 2028.
- Following the transaction, Mr. Nisan beneficially owns 2,411,102 restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral-positive event.
Positives
- The grants align the CEO's interests with those of the shareholders through equity ownership.
- The vesting schedule encourages long-term commitment from the CEO.
Industry Context
Equity compensation is a common practice in publicly traded companies to incentivize executives and align their interests with shareholders.
Comparison to Industry Standards
- Equity grants are a standard component of executive compensation packages in publicly listed companies.
- The vesting schedules are typical, designed to retain executives and align their interests with long-term shareholder value.
- Comparable companies often use similar equity incentive plans to attract and retain top talent.
Stakeholder Impact
- Shareholders may view the equity grants positively as they align management's interests with long-term company performance.
- Employees may see the grants as a sign of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 04/08/2025 | Date of restricted stock unit grants. |
| 04/10/2025 | Date of Form 4 filing. |
| 05/15/2025 | Cliff vesting date for both grants. |
| 03/15/2027 | Full vesting date for the first grant. |
| 02/15/2028 | Full vesting date for the second grant. |
Keywords
Restricted Stock Units, Equity Incentive Plan, Form 4, RYVYL Inc., Fredi Nisan, CEO, Vesting
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