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 associated with vested shares.
Summary
- On July 16, 2024, Fredi Nisan, the CEO of Ryvyl Inc., reported a transaction involving common stock.
- 125 shares were disposed of to cover tax liabilities related to the vesting of registered shares granted on January 16, 2024, as compensation for January 2024.
- The price per share for the transaction was $2.04.
- Following the transaction, Nisan directly owns 2,039,564 shares of Ryvyl Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is required when a company insider (such as a CEO or director) buys or sells shares of their company's stock. It provides transparency into insider transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a small number of shares being disposed of to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 01/16/2024 | Registered shares granted to Fredi Nisan as compensation. |
| 07/16/2024 | Date of stock transaction (disposal of shares). |
| 07/18/2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, stock transaction, beneficial ownership, RYVYL, Fredi Nisan, CEO
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