Form 4: Ryvyl Inc. VP of Legal Affairs, Zechariah Kirscher, Awarded 90,000 Restricted Stock Units

Zechariah Kirscher, VP of Legal Affairs at Ryvyl Inc., received two grants of restricted stock units totaling 90,000 shares under the company's equity incentive plan.

Summary

• Zechariah Kirscher, VP of Legal Affairs at Ryvyl Inc., was granted 45,000 restricted stock units on April 8, 2025, at a price of $0.79 per unit.
• This grant vests over three years, with a five-quarter cliff vesting on May 15, 2025, and will be fully vested by March 15, 2027.
• A second grant of 45,000 restricted stock units was also awarded on April 8, 2025, at a price of $0.79 per unit.
• This second grant also vests over three years, with a one-quarter cliff vesting on May 15, 2025, and will be fully vested by February 15, 2028.
• Both grants were approved by the Board of Directors in accordance with the Amended and Restated 2023 Equity Incentive Plan.
• Following these transactions, Mr. Kirscher beneficially owns 90,614 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard executive compensation practice. It's neither particularly positive nor negative from an investment perspective.

Positives

• The grants of restricted stock units align Mr. Kirscher's interests with those of the company and its shareholders.
• The vesting schedules incentivize Mr. Kirscher to remain with the company for the long term.

Industry Context

Equity compensation is a common practice in the technology industry to attract and retain talent. The vesting schedules are designed to align employee incentives with long-term company performance.

Stakeholder Impact

• The grants of restricted stock units dilute existing shareholders' equity to a small degree.
• The grants incentivize the VP of Legal Affairs to contribute to the company's success, which benefits all stakeholders.

Key Dates

Keywords

restricted stock units, equity incentive plan, beneficial ownership, Form 4, Ryvyl Inc., RVYL, Kirscher, vesting