[Form 4] Ryvyl Inc. Insider Trading Activity
Zechariah Kirscher, identified as VP of Legal Affairs and reporting person for Ryvyl Inc. (RVYL), reported a non鈥慸erivative disposition on 08/18/2025. The filing shows 2,084 shares of common stock were disposed of at a price of $0.32 per share under transaction code F, and the reporting person retains 80,880 shares following the transaction. The form explains the disposition represents withholding of shares to satisfy tax liabilities for restricted stock units that vested from an award dated April 8, 2025. The form is signed and dated 08/27/2025.
Zechariah Kirscher, indicato come VP of Legal Affairs e soggetto segnalante per Ryvyl Inc. (RVYL), ha comunicato una cessione non derivativa in data 18/08/2025. La dichiarazione riporta la cessione di 2.084 azioni ordinarie al prezzo di $0,32 per azione con codice di transazione F; dopo l鈥檕perazione il soggetto segnalante mantiene 80.880 azioni. Il modulo specifica che la cessione rappresenta la ritenzione di azioni per soddisfare obblighi fiscali relative a unit脿 di azioni vincolate (RSU) maturate da un premio datato 8 aprile 2025. Il documento 猫 firmato e datato il 27/08/2025.
Zechariah Kirscher, identificado como VP of Legal Affairs y persona informante de Ryvyl Inc. (RVYL), comunic贸 una enajenaci贸n no derivada el 18/08/2025. El expediente muestra la disposici贸n de 2.084 acciones ordinarias a $0,32 por acci贸n bajo el c贸digo de transacci贸n F; tras la operaci贸n la persona informante conserva 80.880 acciones. El formulario aclara que la disposici贸n corresponde a la retenci贸n de acciones para cubrir obligaciones fiscales de unidades restringidas de acciones (RSU) que vencieron de un premio fechado el 8 de abril de 2025. El formulario est谩 firmado y fechado el 27/08/2025.
Zechariah Kirscher電� Ryvyl Inc. (RVYL)鞚� VP of Legal Affairs鞚挫瀽 氤搓碃鞚胳溂搿滌劀 2025雲� 8鞗� 18鞚�鞐� 牍勴寣靸� 觳橂秳鞚� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐� 霐半ゴ氅� 瓯半灅 旖旊摐 F搿� 氤错喌欤� 2,084欤茧ゼ 欤茧嫻 $0.32鞐� 觳橂秳頄堨溂氅�, 瓯半灅 頉� 氤搓碃鞚胳潃 80,880欤茧ゼ 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 靹滊鞐愲姅 頃措嫻 觳橂秳鞚� 2025雲� 4鞗� 8鞚茧秬 靾橃棳攵勳棎靹� 氩犾姢韺呺悳 鞝滍暅欤检嫕 雼渼(RSU)鞚� 靹戈笀 攵�雼挫潉 於╇嫻頃橁赴 鞙勴暅 欤检嫕 鞗愳矞歆曥垬鞐� 頃措嫻頃滊嫟瓿� 靹る獏霅橃柎 鞛堨姷雼堧嫟. 靹滊電� 2025雲� 8鞗� 27鞚�鞐� 靹滊獏 氚� 雮犾 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Zechariah Kirscher, d茅sign茅 comme VP of Legal Affairs et personne d茅clarante pour Ryvyl Inc. (RVYL), a d茅clar茅 une cession non d茅rivative le 18/08/2025. Le dossier indique la cession de 2 084 actions ordinaires au prix de 0,32 $ par action, sous le code de transaction F ; apr猫s l鈥檕p茅ration, la personne d茅clarante conserve 80 880 actions. Le formulaire pr茅cise que la cession correspond 脿 une retenue d鈥檃ctions pour r茅gler des obligations fiscales li茅es 脿 des unit茅s d鈥檃ctions restreintes (RSU) acquises 脿 partir d鈥檜ne attribution dat茅e du 8 avril 2025. Le document est sign茅 et dat茅 du 27/08/2025.
Zechariah Kirscher, angegeben als VP of Legal Affairs und meldepflichtige Person f眉r Ryvyl Inc. (RVYL), meldete am 18.08.2025 eine nicht鈥慸erivative Ver盲u脽erung. Die Einreichung weist aus, dass 2.084 Stammaktien zum Preis von $0,32 je Aktie unter dem Transaktionscode F ver盲u脽ert wurden; nach der Transaktion h盲lt die meldepflichtige Person 80.880 Aktien. Das Formular erkl盲rt, dass die Ver盲u脽erung der Einbehaltung von Aktien zur Begleichung steuerlicher Verbindlichkeiten f眉r Restricted Stock Units (RSUs) entspricht, die aus einer Zuteilung vom 8. April 2025 ausgefallen sind. Das Formular ist datiert und unterzeichnet am 27.08.2025.
- Retention of meaningful stake: reporting person continues to beneficially own 80,880 shares after the transaction
- Transaction is a tax withholding for vested RSUs, indicating compensation administration rather than an open鈥憁arket insider sale
- Disclosure compliance: Form 4 is signed and dated, satisfying Section 16 reporting requirements
- Reduction in holdings: 2,084 shares were disposed of (withheld) on 08/18/2025
- Price of withholding recorded at $0.32, which may reflect grant valuation or tax withholding mechanics rather than market optimization
Insights
TL;DR: A small, routine withholding of shares for RSU tax obligations; no open鈥憁arket sale indicated and ownership remains material.
This Form 4 reports a withholding disposition of 2,084 shares at $0.32 per share to cover taxes on vested restricted stock units awarded April 8, 2025. Because the transaction is described as share withholding rather than a sale, it is a compensation tax event rather than a liquidity-driven insider sale. The reporting person continues to beneficially own 80,880 shares, which preserves alignment with shareholders. Impact on capital structure and immediate market supply is minimal given the small size relative to outstanding shares (outstanding shares not provided in the filing).
TL;DR: Transaction appears procedural for tax settlement of RSUs and reflects standard executive compensation mechanics.
The explanatory note explicitly states the disposition was a withholding of shares for tax liability tied to vested RSUs, indicating standard administrative processing of equity compensation. The filing identifies the reporting person as an officer (VP of Legal Affairs) and is properly signed, supporting compliance with Section 16 reporting obligations. There is no indication of an unusual governance or compliance issue in the disclosed transaction.
Zechariah Kirscher, indicato come VP of Legal Affairs e soggetto segnalante per Ryvyl Inc. (RVYL), ha comunicato una cessione non derivativa in data 18/08/2025. La dichiarazione riporta la cessione di 2.084 azioni ordinarie al prezzo di $0,32 per azione con codice di transazione F; dopo l鈥檕perazione il soggetto segnalante mantiene 80.880 azioni. Il modulo specifica che la cessione rappresenta la ritenzione di azioni per soddisfare obblighi fiscali relative a unit脿 di azioni vincolate (RSU) maturate da un premio datato 8 aprile 2025. Il documento 猫 firmato e datato il 27/08/2025.
Zechariah Kirscher, identificado como VP of Legal Affairs y persona informante de Ryvyl Inc. (RVYL), comunic贸 una enajenaci贸n no derivada el 18/08/2025. El expediente muestra la disposici贸n de 2.084 acciones ordinarias a $0,32 por acci贸n bajo el c贸digo de transacci贸n F; tras la operaci贸n la persona informante conserva 80.880 acciones. El formulario aclara que la disposici贸n corresponde a la retenci贸n de acciones para cubrir obligaciones fiscales de unidades restringidas de acciones (RSU) que vencieron de un premio fechado el 8 de abril de 2025. El formulario est谩 firmado y fechado el 27/08/2025.
Zechariah Kirscher電� Ryvyl Inc. (RVYL)鞚� VP of Legal Affairs鞚挫瀽 氤搓碃鞚胳溂搿滌劀 2025雲� 8鞗� 18鞚�鞐� 牍勴寣靸� 觳橂秳鞚� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐� 霐半ゴ氅� 瓯半灅 旖旊摐 F搿� 氤错喌欤� 2,084欤茧ゼ 欤茧嫻 $0.32鞐� 觳橂秳頄堨溂氅�, 瓯半灅 頉� 氤搓碃鞚胳潃 80,880欤茧ゼ 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 靹滊鞐愲姅 頃措嫻 觳橂秳鞚� 2025雲� 4鞗� 8鞚茧秬 靾橃棳攵勳棎靹� 氩犾姢韺呺悳 鞝滍暅欤检嫕 雼渼(RSU)鞚� 靹戈笀 攵�雼挫潉 於╇嫻頃橁赴 鞙勴暅 欤检嫕 鞗愳矞歆曥垬鞐� 頃措嫻頃滊嫟瓿� 靹る獏霅橃柎 鞛堨姷雼堧嫟. 靹滊電� 2025雲� 8鞗� 27鞚�鞐� 靹滊獏 氚� 雮犾 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Zechariah Kirscher, d茅sign茅 comme VP of Legal Affairs et personne d茅clarante pour Ryvyl Inc. (RVYL), a d茅clar茅 une cession non d茅rivative le 18/08/2025. Le dossier indique la cession de 2 084 actions ordinaires au prix de 0,32 $ par action, sous le code de transaction F ; apr猫s l鈥檕p茅ration, la personne d茅clarante conserve 80 880 actions. Le formulaire pr茅cise que la cession correspond 脿 une retenue d鈥檃ctions pour r茅gler des obligations fiscales li茅es 脿 des unit茅s d鈥檃ctions restreintes (RSU) acquises 脿 partir d鈥檜ne attribution dat茅e du 8 avril 2025. Le document est sign茅 et dat茅 du 27/08/2025.
Zechariah Kirscher, angegeben als VP of Legal Affairs und meldepflichtige Person f眉r Ryvyl Inc. (RVYL), meldete am 18.08.2025 eine nicht鈥慸erivative Ver盲u脽erung. Die Einreichung weist aus, dass 2.084 Stammaktien zum Preis von $0,32 je Aktie unter dem Transaktionscode F ver盲u脽ert wurden; nach der Transaktion h盲lt die meldepflichtige Person 80.880 Aktien. Das Formular erkl盲rt, dass die Ver盲u脽erung der Einbehaltung von Aktien zur Begleichung steuerlicher Verbindlichkeiten f眉r Restricted Stock Units (RSUs) entspricht, die aus einer Zuteilung vom 8. April 2025 ausgefallen sind. Das Formular ist datiert und unterzeichnet am 27.08.2025.
FAQ
What did the Form 4 filed for RVYL disclose about the transaction?
Who reported the transaction for RVYL?
How many RVYL shares does the reporting person own after the reported transaction?
Why were the shares disposed of according to the Form 4?
Was this an open鈥憁arket sale reported on the Form 4 for RVYL?
