Form 4: RYVYL Inc. Director Ben Errez Reports Share Transactions
SEC Form 4 Filing
Ben Errez, a director at RYVYL Inc., reports acquiring and disposing of common stock related to tax liabilities and monthly compensation.
Summary
- On April 13, 2024, Ben Errez disposed of 355 shares of RYVYL Inc. common stock at $2.06 per share to cover tax liabilities associated with vested shares.
- On April 15, 2024, Mr. Errez acquired 2,426 shares of common stock at $2.06 per share as part of his monthly compensation as a director, with vesting scheduled for October 15, 2024.
- Following these transactions, Mr. Errez beneficially owns 2,034,056 shares of RYVYL Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects standard insider trading activity related to compensation and tax obligations, indicating a neutral sentiment.
Positives
- The acquisition of shares as part of director compensation aligns the director's interests with the company's performance.
Industry Context
This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to director compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/16/2023 | Date of registered shares granted for October compensation. |
| 04/13/2024 | Date of disposal of 355 shares for tax liability. |
| 04/15/2024 | Date of acquisition of 2,426 shares as director compensation. |
| 10/15/2024 | Vesting date for the 2,426 shares acquired as director compensation. |
Keywords
RYVYL Inc., Ben Errez, share transactions, Form 4, director compensation, common stock, beneficial ownership
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