RYVYL Inc. — Director's Dealing 2023

May 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYVYL Inc. (RVYL)
CIK: 0001419275
Period of Report: 2022-11-15

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
2022-11-15	Common Stock par value $0.001	F	145	$0.96	Disposed	18730087	Direct
2022-11-17	Common Stock par value $0.001	F	5789	$0.92	Disposed	18724298	Direct
2022-12-15	Common Stock par value $0.001	F	104	$0.53	Disposed	18724194	Direct
2023-01-17	Common Stock par value $0.001	F	1886	$0.79	Disposed	18722308	Direct
2023-02-15	Common Stock par value $0.001	F	1617	$0.53	Disposed	18720691	Direct
2023-02-15	Common Stock par value $0.001	F	26569	$0.53	Disposed	18694122	Direct
2023-03-15	Common Stock par value $0.001	F	1299	$0.36	Disposed	18692823	Direct
2023-05-01	Common Stock par value $0.001	A	18987	$0.79	Acquired	18711810	Direct
2023-05-01	Common Stock par value $0.001	A	18750	$0.80	Acquired	18730560	Direct

Footnotes

F1: Mr. Errez earns $5,000 worth of shares of Common stock monthly, issuable on the 15th day of each month in the number based on the closing price of our Common Stock on that date or the next trading day.

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 April 27, 2022.

F3: Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on May 17, 2022.

F4: Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on April 27, 2022.

F5: Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022.

F6: Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022.

F7: Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on August 16, 2022.

F8: Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022.

F9: On April 17th, 2023, as part of his quarterly compensation for Q1 as a director of the Company, the Board of Directors of the Company granted Mr. Errez 18,987 shares of common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted shall vest in 6 months, and an additional 1/3 of the shares shall vest each month thereafter. All shares will vest fully on December 12th, 2023. This grant was issued on May 1, 2023.

F10: On April 17th, 2023, as part of his quarterly compensation for Q2 as a director of the Company, the Board of Directors of the Company granted Mr. Errez 18,750 shares of common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted shall vest in 6 months, and an additional 1/3 of the shares shall vest each month thereafter. All shares will vest fully on December 12th, 2023. This grant was issued on May 1, 2023.