Form 4: RYVYL Inc. CEO Fredi Nisan Reports Stock Transactions
SEC Form 4 Filing
Fredi Nisan, CEO of RYVYL Inc., reports the acquisition and disposal of company stock related to tax liabilities and monthly compensation.
Summary
- On April 13, 2024, RYVYL Inc. CEO Fredi Nisan disposed of 203 shares of common stock at $2.06 per share to cover tax liabilities associated with the vesting of shares granted on October 16, 2023.
- On April 15, 2024, Mr. Nisan acquired 2,426 shares of common stock at $2.06 per share as part of his monthly compensation as a director, with these shares vesting on October 15, 2024.
- Following these transactions, Mr. Nisan beneficially owns 2,033,743 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.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 10/16/2023 | Date of original share grant related to tax liability. |
| 04/13/2024 | Date of stock disposal for tax liability. |
| 04/15/2024 | Date of stock acquisition as part of director compensation. |
| 10/15/2024 | Vesting date for shares acquired on April 15, 2024. |
| 04/16/2024 | Date of Form 4 filing. |
Keywords
RYVYL Inc., Fredi Nisan, stock transaction, Form 4, beneficial ownership, CEO, director compensation, equity incentive plan
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.