Form 4: Ryvyl Inc. Director Ben Errez Reports Share Withholding for Tax Liability

Ben Errez, Chairman of the Board of Directors at Ryvyl Inc., reports withholding of 217 shares of common stock to cover tax obligations related to vested shares.

Summary

• On July 16, 2024, Ben Errez, Chairman of the Board of Directors at Ryvyl Inc. (RVYL), had 217 shares of common stock withheld to cover the tax liability associated with the vesting of registered shares granted on January 16, 2024, as compensation for January 2024.
• The transaction was executed at a price of $2.04 per share.
• Following the transaction, Errez directly owns 2,039,404 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 is standard practice for companies to withhold shares to cover taxes associated with vesting equity.

Stakeholder Impact

• The transaction has a minor impact on shareholders due to the small number of shares withheld.

Key Dates

Keywords

Form 4, Beneficial Ownership, RYVYL Inc., RVYL, Ben Errez, Director, Share Withholding, Tax Liability, Common Stock