Form 4: RYVYL Inc. CEO Fredi Nisan Reports Stock Transactions
SEC Form 4 Filing
Fredi Nisan, CEO of RYVYL Inc., reports acquiring and disposing of common stock related to tax liabilities and director compensation.
Summary
- On June 15, 2024, Fredi Nisan, CEO of RYVYL Inc., reported transactions involving the company's common stock.
- Mr. Nisan disposed of 177 shares at $1.58 per share to cover tax liabilities associated with the vesting of shares granted on December 15, 2023.
- He also acquired 3,164 shares at $1.58 per share as part of his monthly compensation as a director, with these shares vesting on December 15, 2024.
- Following these transactions, Mr. Nisan beneficially owns 2,039,689 shares of RYVYL Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of shares as part of director compensation aligns the CEO's interests with the company's performance.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to standard compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/15/2023 | Date of original share grant related to tax liability. |
| 06/15/2024 | Date of stock disposal for tax liability and acquisition for director compensation. |
| 12/15/2024 | Vesting date for the shares granted as director compensation. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
Keywords
RYVYL Inc., Fredi Nisan, stock transactions, Form 4, beneficial ownership, director compensation, common stock
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.