Filing Details
- Accession Number:
- 0001185185-23-000588
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2023-05-30 16:45:37
- Reporting Period:
- 2020-11-04
- Accepted Time:
- 2023-05-30 16:45:37
- Original Submission Date:
- 2020-12-28
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1419275 | Ryvyl Inc. | RVYL | Services-Management Consulting Services (8742) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1826364 | Fredi Nisan | 3131 Camino Del Rio North Suite 1400 San Diego CA 92108 | Chief Executive Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Par Value $0.001 | Acquisiton | 2020-11-04 | 500,000 | $0.07 | 125,235,244 | No | 4 | M | Direct | |
| Common Stock Par Value $0.001 | Disposition | 2020-11-04 | 52,420 | $0.07 | 125,182,824 | No | 4 | F | Direct | |
| Common Stock Par Value $0.001 | Disposition | 2020-11-13 | 250,000 | $0.30 | 124,932,824 | No | 4 | S | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2020-12-22 | 74,627 | $0.70 | 125,358,197 | No | 4 | S | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-02-12 | 1,800,000 | $2.33 | 123,558,197 | No | 4 | D | Indirect | GreenBox POS LLC |
| Common Stock Par Value $0.001 | Acquisiton | 2021-03-15 | 389 | $12.84 | 20,593,422 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-04-15 | 495 | $10.10 | 20,593,917 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-05-15 | 542 | $9.22 | 20,594,459 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-05-21 | 20,062 | $0.70 | 20,577,402 | No | 4 | S | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-06-15 | 343 | $14.60 | 20,577,745 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-07-15 | 482 | $10.37 | 20,578,227 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-08-16 | 647 | $7.73 | 20,578,874 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-08-26 | 280 | $8.67 | 20,579,154 | No | 4 | P | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-08-26 | 837 | $8.75 | 20,579,991 | No | 4 | P | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-08-26 | 971 | $8.75 | 20,580,962 | No | 4 | P | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-08-26 | 192 | $8.75 | 20,581,154 | No | 4 | P | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-09-01 | 7 | $9.47 | 20,581,161 | No | 4 | P | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-09-15 | 496 | $10.09 | 20,581,657 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-10-15 | 659 | $7.59 | 20,582,316 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2021-11-24 | 1,000,000 | $5.59 | 19,582,316 | No | 4 | D | Indirect | GreenBox POS LLC |
| Common Stock Par Value $0.001 | Acquisiton | 2022-01-20 | 758 | $6.60 | 19,583,074 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2022-01-20 | 1,008 | $4.96 | 19,584,082 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2022-01-27 | 3,513 | $4.27 | 19,587,595 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2022-03-15 | 1,481 | $2.43 | 19,589,076 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2022-04-27 | 3,354 | $3.40 | 19,600,614 | No | 4 | A | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2022-05-23 | 4,800 | $2.05 | 19,605,414 | No | 4 | P | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2022-06-13 | 80 | $1.99 | 19,605,494 | No | 4 | P | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2022-06-16 | 600 | $1.43 | 19,606,094 | No | 4 | P | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2022-06-16 | 600 | $1.43 | 19,606,694 | No | 4 | P | Direct | |
| Common Stock Par Value $0.001 | Acquisiton | 2022-06-16 | 400 | $1.43 | 19,607,094 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | D | Indirect | GreenBox POS LLC |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | D | Indirect | GreenBox POS LLC |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.001 | Stock Options | Disposition | 2020-11-04 | 500,000 | $0.00 | 500,000 | $0.07 |
| Common Stock, Par Value $0.001 | Stock Options | Acquisiton | 2020-12-01 | 500,000 | $0.00 | 500,000 | $1.01 |
| Common Stock, Par Value $0.001 | Stock Options | Acquisiton | 2021-06-02 | 3,005 | $0.00 | 3,005 | $13.31 |
| Common Stock, Par Value $0.001 | Stock Options | Acquisiton | 2022-04-13 | 8,184 | $0.00 | 8,184 | $3.66 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2020-06-24 | 2025-06-24 | No | 4 | M | Direct |
| 500,000 | 2020-12-01 | 2026-06-01 | No | 4 | A | Direct |
| 86,338 | 2021-06-02 | 2026-06-01 | No | 4 | A | Direct |
| 94,522 | 2022-10-13 | 2027-10-13 | No | 4 | A | Direct |
Footnotes
- 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.
- 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.
- The reporting person serves as a managing member of GreenBox POS LLC.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
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