Form 4: Ryvyl Inc. CEO Fredi Nisan Reports Stock Transaction
SEC Form 4 Filing
Fredi Nisan, CEO of Ryvyl Inc., reports disposition of shares to cover tax liabilities related to vesting of restricted stock units.
Summary
- On December 31, 2024, Fredi Nisan, the CEO of Ryvyl Inc., disposed of 10,955 shares of common stock to cover tax liabilities.
- The transaction was executed at a price of $1.3 per share.
- Following the transaction, Nisan directly owns 2,027,134 shares of Ryvyl Inc.
- The shares were withheld to cover the tax liability associated with the vesting of 1/3 of the registered shares granted on November 27, 2023, for 2023 Long-Term Incentive (LTI).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations. It is common for executives to sell shares to cover tax liabilities associated with vesting equity awards.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of by the CEO.
Key Dates
| Date | Description |
|---|---|
| 11/27/2023 | Date of grant for registered shares for 2023 LTI, 1/3 of which vested. |
| 12/31/2024 | Date of transaction: Disposition of shares to cover tax liability. |
| 01/06/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, RYVYL, RVYL, Fredi Nisan, CEO, Stock Transaction, Beneficial Ownership, Tax Liability, Restricted Stock Units, LTI
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