Form 4: Ryvyl Inc. Director Ben Errez Reports Tax-Related Share Withholding
SEC Form 4 Filing
Ben Errez, Chairman of the Board of Directors at Ryvyl Inc., reports the withholding of 168 common stock shares to cover tax liabilities associated with vested shares granted as compensation.
Summary
- On August 15, 2024, Ben Errez, Chairman of the Board of Directors at Ryvyl Inc., reported a transaction involving the withholding of 168 shares of common stock.
- The shares were withheld to cover the tax liability associated with the vesting of registered shares granted on February 15, 2024, as compensation for February 2024.
- Following the transaction, Errez directly owns 2,039,236 shares of Ryvyl Inc. common stock.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date of registered shares granted for February 2024 compensation. |
| 08/15/2024 | Date of transaction: withholding of shares for tax liability. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, RYVYL Inc., RVYL, Ben Errez, Share Withholding, Tax Liability, Director, Chairman of the Board
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