RYVYL Inc. — Director's Dealing 2023

May 30, 2023

SEC Form 4/A — Form 4/A

Issuer: RYVYL Inc. (RVYL)
CIK: 0001419275
Period of Report: 2020-11-04

Reporting Person: Nisan Fredi (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-16	Common Stock par value $0.001	P	5400	$1.42	Acquired	19612494	Direct
2022-06-16	Common Stock par value $0.001	P	20	$1.38	Acquired	19612514	Direct
2022-07-22	Common Stock par value $0.001	A	15152	$2.12	Acquired	19627666	Direct
2022-07-22	Common Stock par value $0.001	A	17646	$0.85	Acquired	19645312	Direct
2022-07-29	Common Stock par value $0.001	D	1000000	$0.82	Disposed	18645312	Indirect
2022-08-16	Common Stock par value $0.001	A	53149	$1.27	Acquired	18698461	Direct
2022-10-17	Common Stock par value $0.001	A	14283	$1.05	Acquired	18712744	Direct
2022-10-27	Common Stock par value $0.001	F	43	$0.94	Disposed	18712701	Direct
2022-11-15	Common Stock par value $0.001	F	45	$0.94	Disposed	18712656	Direct
2022-11-17	Common Stock par value $0.001	F	4394	$0.92	Disposed	18708262	Direct
2022-12-15	Common Stock par value $0.001	F	27	$0.53	Disposed	18708235	Direct
2023-01-17	Common Stock par value $0.001	F	1219	$0.79	Disposed	18707016	Direct
2023-02-15	Common Stock par value $0.001	F	1052	$0.53	Disposed	18705964	Direct
2023-02-15	Common Stock par value $0.001	F	22852	$0.53	Disposed	18683112	Direct
2023-03-15	Common Stock par value $0.001	F	875	$0.36	Disposed	18682237	Direct
2023-05-10	Common Stock par value $0.001	A	18987	$0.79	Acquired	18701224	Direct
2023-05-10	Common Stock par value $0.001	A	18750	$0.80	Acquired	18719974	Direct
2023-05-15	Common Stock par value $0.001	F	433	$0.47	Disposed	18720407	Direct

Footnotes

F1: The reporting person indirectly sold one million shares to RYVYL Inc. with a purchase price based on the value of the shares as of the date on which the transaction was agreed.

F2: Mr. Nisan earns $5,000 worth of shares of Common stock monthly as compensation for serving as a Director of the Company, issuable on the 15th day of the first month of each quarter calculated based on the closing price of our Common Stock on that date or the next trading day, whereby 1/3 of the shares granted shall vest 6 months after issuance and an additional 1/3 of the shares shall vest each month thereafter.

F3: Mr. Nisan was granted 15,152 shares for his 2021 performance review in accordance with the 2021 Restricted Stock Plan.

F4: The Board of Directors approved a $67,500 raise in compensation for Mr. Nisan for the remainder of the 2022 calendar year. Per the approval of the Board of Directors, Mr. Nisan elected to receive this amount in shares of Common Stock in lieu of cash.

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 April 27, 2022.

F6: Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on July 22, 2022.

F7: 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.

F8: Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on August 16, 2022.

F9: Mr. Nisan earns $5,000 worth of shares of Common stock monthly as compensation for serving as a Director of the Company, issuable on the 15th day of the first month of each quarter calculated based on the closing price of our Common Stock on that date or the next trading day. The issuances for Q12023 and Q2 2023 were delayed.

F10: Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on October 17, 2022.