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 withholding of shares to cover tax obligations related to vested shares.
Summary
- On March 13, 2024, Ben Errez, Chairman of the Board of Directors at RYVYL Inc., had 244 shares of common stock withheld to cover tax liabilities.
- The withholding was related to the vesting of registered shares granted on September 15, 2023, as compensation.
- Following the transaction, Errez directly owns 2,030,713 shares of RYVYL Inc.
- The transaction was reported on Form 4, filed with the SEC on March 14, 2024.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to vested shares.
Key Dates
| Date | Description |
|---|---|
| 09/15/2023 | Date of registered shares granted for September compensation. |
| 03/13/2024 | Date of share withholding for tax liability. |
| 03/14/2024 | Date Form 4 was filed with the SEC. |
Keywords
Form 4, Beneficial Ownership, RYVYL Inc., RVYL, Ben Errez, Share Withholding, Tax Liability, Director, Chairman of the Board
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