Form 4: Ryvyl Inc. CEO Fredi Nisan Reports Stock Transaction
SEC Form 4 Filing
Fredi Nisan, CEO of Ryvyl Inc., reports the withholding of 74 common stock shares for tax liability related to vested shares granted on February 15, 2024.
Summary
- On August 15, 2024, Fredi Nisan, the CEO of Ryvyl Inc., reported a transaction involving the withholding of 74 shares of common stock.
- The transaction was related to the tax liability associated with the vesting of registered shares granted on February 15, 2024, as compensation for February 2024.
- The price per share for the transaction was $1.28.
- Following the transaction, Nisan directly owns 2,039,490 shares of Ryvyl Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a standard SEC filing related to insider transactions. It is common for company executives to have shares withheld to cover tax obligations when stock options or restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date of registered shares granted for February 2024 compensation. |
| 08/15/2024 | Date of the stock transaction (withholding of shares). |
| 08/19/2024 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Fredi Nisan, RYVYL Inc., RVYL, CEO
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