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
2020-11-04	Common Stock par value $0.001	M	500000	$0.065	Acquired	125235244	Direct
2020-11-04	Common Stock par value $0.001	F	52420	$0.065	Disposed	125182824	Direct
2020-11-13	Common Stock par value $0.001	S	250000	$0.30	Disposed	124932824	Direct
2020-12-22	Common Stock par value $0.001	S	74627	$0.70	Acquired	125358197	Direct
2021-02-12	Common Stock par value $0.001	D	1800000	$2.33	Acquired	123558197	Indirect
2021-03-15	Common Stock par value $0.001	A	389	$12.84	Acquired	20593422	Direct
2021-04-15	Common Stock par value $0.001	A	495	$10.10	Acquired	20593917	Direct
2021-05-15	Common Stock par value $0.001	A	542	$9.22	Acquired	20594459	Direct
2021-05-21	Common Stock par value $0.001	S	20062	$0.70	Acquired	20577402	Direct
2021-06-15	Common Stock par value $0.001	A	343	$14.60	Acquired	20577745	Direct
2021-07-15	Common Stock par value $0.001	A	482	$10.37	Acquired	20578227	Direct
2021-08-16	Common Stock par value $0.001	A	647	$7.73	Acquired	20578874	Direct
2021-08-26	Common Stock par value $0.001	P	280	$8.67	Acquired	20579154	Direct
2021-08-26	Common Stock par value $0.001	P	837	$8.75	Acquired	20579991	Direct
2021-08-26	Common Stock par value $0.001	P	971	$8.75	Acquired	20580962	Direct
2021-08-26	Common Stock par value $0.001	P	192	$8.75	Acquired	20581154	Direct
2021-09-01	Common Stock par value $0.001	P	7	$9.47	Acquired	20581161	Direct
2021-09-15	Common Stock par value $0.001	A	496	$10.09	Acquired	20581657	Direct
2021-10-15	Common Stock par value $0.001	A	659	$7.59	Acquired	20582316	Direct
2021-11-24	Common Stock par value $0.001	D	1000000	$5.59	Acquired	19582316	Indirect
2022-01-20	Common Stock par value $0.001	A	758	$6.60	Acquired	19583074	Direct
2022-01-20	Common Stock par value $0.001	A	1008	$4.96	Acquired	19584082	Direct
2022-01-27	Common Stock par value $0.001	A	3513	$4.27	Acquired	19587595	Direct
2022-03-15	Common Stock par value $0.001	A	1481	$2.43	Acquired	19589076	Direct
2022-04-27	Common Stock par value $0.001	A	3354	$3.40	Acquired	19600614	Direct
2022-05-23	Common Stock par value $0.001	P	4800	$2.05	Acquired	19605414	Direct
2022-06-13	Common Stock par value $0.001	P	80	$1.99	Acquired	19605494	Direct
2022-06-16	Common Stock par value $0.001	P	600	$1.43	Acquired	19606094	Direct
2022-06-16	Common Stock par value $0.001	P	600	$1.43	Acquired	19606694	Direct
2022-06-16	Common Stock par value $0.001	P	400	$1.43	Acquired	19607094	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-04	Stock Options	$0.065	M	500000	Disposed	2025-06-24	Common Stock, par value $0.001 (500000)	Direct
2020-12-01	Stock Options	$1.01	A	500000	Acquired	2026-06-01	Common Stock, par value $0.001 (500000)	Direct
2021-06-02	Stock Options	$13.31	A	3005	Acquired	2026-06-01	Common Stock, par value $0.001 (3005)	Direct
2022-04-13	Stock Options	$3.66	A	8184	Acquired	2027-10-13	Common Stock, par value $0.001 (8184)	Direct

Footnotes

F1: Mr. Nisan did a cashless exercise of his 500,000 stock options granted on 6/24/2020, 52,420 of which were used to pay the exercise price.

F2: The reporting party indirectly sold 1.8 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.

F3: The reporting person serves as a managing member of GreenBox POS LLC.

F4: The Company effected a reverse stock split of 1:6 on February 17, 2021. As a result, Mr. Nisan's 123,558,197 shares of common stock became 20,593,033 shares of common stock.

F5: The Company effected a reverse stock split of 1:6 on February 17, 2021. As a result, Mr. Nisan's 500,000 stock options became 83,333 stock options.

F6: 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 each month calculated based on the closing price of our Common Stock on that date or the next trading day.

F7: 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.

F8: 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 in the number based on the closing price of our Common Stock on that date or the next trading day. The issuances for November 2021 and December 2021 were delayed.

F9: The Board of Directors of the Company granted Mr. Nisan 3,513 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan as compensation for serving as a Director of the Company during Q1 2022, whereby 1/3 of the shares granted vest immediately upon issuance, an additional 1/3 of the shares shall vest each month thereafter, and all shares vest fully on March 15, 2022.

F10: Mr. Nisan earns $5,000 worth of shares of Common stock monthly as compensation for serving as a Director of the Company based on the closing price of our Common Stock on that date or the next trading day. The Board of Directors of the Company granted shares valued at $3,600 in a March issuance that will be applied against Q2 issuances.

F11: 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.