Form 4: Ryvyl Inc. CEO Fredi Nisan Reports Share Withholding for Tax Liability
SEC Form 4 Filing
CEO Fredi Nisan of Ryvyl Inc. reports the withholding of 377 common stock shares to cover tax obligations related to vested shares granted as compensation.
Summary
- On October 15, 2024, Fredi Nisan, CEO of Ryvyl Inc., had 377 shares of common stock withheld to cover the tax liability associated with the vesting of shares granted on April 15, 2024, as compensation for April 2024.
- The transaction was executed at a price of $1.97 per share.
- Following the transaction, Nisan directly owns 2,039,038 shares of Ryvyl Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations. It is standard practice for companies to withhold shares to cover taxes associated with vesting equity.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Registered shares granted for April 2024 compensation. |
| 10/15/2024 | Transaction date: withholding of shares for tax liability. |
| 10/28/2024 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, RYVYL Inc., RVYL, Fredi Nisan, CEO, Share Withholding, Tax Liability, Common Stock
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