RYVYL Inc. — Director's Dealing 2023

Nov 28, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYVYL Inc. (RVYL)
CIK: 0001419275
Period of Report: 2023-11-13

Reporting Person: Errez Ben (Director, Chairman of Board of Directors, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-13	Common Stock par value $0.001	F	84	$2.06	Disposed	1875901	Direct
2023-11-13	Common Stock par value $0.001	F	83	$2.06	Disposed	1875818	Direct
2023-11-22	Common Stock par value $0.001	A	2427	$2.06	Acquired	1878245	Direct
2023-11-27	Common Stock par value $0.001	A	80000	$1.98	Acquired	2038245	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-16	Stock Options	$2.18	A	80000	Acquired	2028-11-15	Common Stock, Par value (80000)	Direct

Footnotes

F1: Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on May 1, 2023 for Q1 2023 compensation.

F2: Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on May 1, 2023 for Q2 2023 compensation.

F3: On November 15, 2023, as part of his monthly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 2,427 shares of Common Stock pursuant to the Company's 2023 Equity Incentive Plan, whereby the shares granted shall vest on 5/13/2024. The issuance for the grant occurred on November 22, 2023.

F4: On November 16, 2023, the Company granted Mr. Errez 80,000 shares of Common Stock pursuant to the Company's 2023 Equity Incentive Plan, whereby 1/3 of the shares granted shall vest on December 31, 2023, an additional 1/3 of the shares granted shall vest each year thereafter, and all shares shall fully vest on December 31, 2025. The issuance for the grant occurred on November 27, 2023.

F5: On November 16, 2023, the Company granted Mr. Errez 80,000 stock options pursuant to the Company's 2023 Equity Incentive Plan, whereby 1/3 of the options granted shall vest on December 31, 2023, an additional 1/3 of the options granted shall vest each year thereafter, and all options shall fully vest on December 31, 2025.

F6: The Company effected a reverse stock split of 1:10 on September 6, 2023. As a result, Mr. Errez's 94,522 stock options became 9,452 stock options.