Form 4: Ryvyl Inc. Director Ben Errez Reports Share Withholding for Tax Liability
SEC Form 4 Filing
Ben Errez, a director at Ryvyl Inc., reports the withholding of 181 common stock shares to cover tax liabilities associated with vested shares granted as compensation.
Summary
- On September 15, 2024, Ben Errez, Chairman of the Board of Directors at Ryvyl Inc. (RVYL), had 181 shares of common stock withheld to cover tax liabilities.
- This transaction is related to the vesting of registered shares granted on March 15, 2024, as compensation for March 2024.
- Following this transaction, Errez directly owns 2,039,055 shares of Ryvyl Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard compensation practices; it doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It's common for companies to withhold shares to cover these liabilities.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Registered shares granted for March 2024 compensation. |
| 09/15/2024 | Transaction date: 181 shares of common stock withheld for tax liability. |
| 09/16/2024 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, RYVYL Inc., RVYL, Ben Errez, Director, Share Withholding, Tax Liability, Common Stock, Compensation
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