Form 4: Ryvyl Inc. Director Ben Errez Acquires Shares as Part of Compensation Plan

Ben Errez, a director at Ryvyl Inc., acquired 1,272 shares of common stock on March 15, 2024, as part of his monthly compensation.

Summary

• On March 15, 2024, Ben Errez, a director of Ryvyl Inc., acquired 1,272 shares of common stock.
• The acquisition was part of his monthly compensation as a director, granted by the Board of Directors.
• The shares were granted pursuant to the Company's 2023 Equity Incentive Plan.
• The shares granted will vest on September 11, 2024.
• Following the transaction, Mr. Errez beneficially owns 2,031,985 shares of Ryvyl Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a director's share acquisition as part of a compensation plan. It's neutral to slightly positive, indicating alignment of interests.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The equity incentive plan aligns the interests of directors with those of shareholders.

Industry Context

This type of transaction is common for publicly traded companies, where stock and options are used as part of compensation packages to align management's interests with those of shareholders.

Key Dates

Keywords

Ryvyl Inc., Ben Errez, Director, Share Acquisition, Equity Incentive Plan, Common Stock, Compensation