RVYL.NASDAQRyvyl INC

Form 4: Ryvyl Inc. CEO Fredi Nisan Reports Stock Transaction

Sentiment:

SEC Form 4 Filing

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Fredi Nisan, CEO of Ryvyl Inc., reports the withholding of 75 common stock shares for tax liability related to vested shares granted as compensation.

Summary

  • On September 15, 2024, Fredi Nisan, the CEO of Ryvyl Inc. (RVYL), had 75 shares of common stock withheld to cover tax liabilities.
  • This transaction was related to the vesting of registered shares granted on March 15, 2024, as compensation for March 2024.
  • The price per share for the transaction was $1.07.
  • Following the transaction, Nisan directly owns 2,039,415 shares of Ryvyl Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to stock-based compensation.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to executive compensation.

Key Dates

DateDescription
03/15/2024Registered shares granted for March 2024 compensation.
09/15/2024Transaction date: 75 shares of common stock withheld for tax liability.
09/16/2024Date of signature by Attorney-in-fact.

Keywords

Form 4, Beneficial Ownership, RYVYL, RVYL, Fredi Nisan, CEO, Stock Transaction, Tax Withholding, Common Stock

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