Form 4: Ryvyl Inc. Director Ben Errez Reports Share Withholding for Tax Liability
SEC Form 4 Filing
Ben Errez, Chairman of the Board of Directors at Ryvyl Inc., reports the withholding of 648 common stock shares to cover tax obligations related to vested shares granted as compensation.
Summary
- On October 15, 2024, Ben Errez, Chairman of the Board of Directors at Ryvyl Inc., had 648 shares of common stock withheld to cover the tax liability associated with the vesting of registered shares granted on April 15, 2024, as compensation for April 2024.
- The transaction resulted in Errez's direct ownership of Ryvyl Inc. common stock decreasing to 2,038,407 shares.
- The withholding occurred at a price of $1.97 per share.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding share transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations from existing compensation.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of registered shares granted for April 2024 compensation. |
| 10/15/2024 | Date of the share withholding transaction. |
| 10/28/2024 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, RYVYL Inc., RVYL, Ben Errez, Director, Share Withholding, Tax Liability, Common Stock
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