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[Form 4] Ryvyl Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Ryvyl Inc. (RVYL) insider George Oliva, the company's Chief Financial Officer, reported a transaction on 08/18/2025 involving common stock. The filing shows withholding of 8,111 shares of common stock at a price of $0.32 per share to satisfy tax liabilities tied to the vesting of restricted stock units awarded on April 8, 2025. After this withholding, the reporting person beneficially owned 246,822 shares. The Form 4 was signed by an attorney-in-fact, Jasmine Farrington, on 08/27/2025. The filing is limited to a tax-withholding disposal related to RSU vesting and does not disclose any purchases, option exercises, or other types of transactions.

George Oliva, dirigente interno di Ryvyl Inc. (RVYL) e Chief Financial Officer della società, ha segnalato una transazione il 18/08/2025 relativa ad azioni ordinarie. La comunicazione indica la ritenuta di 8.111 azioni ordinarie al prezzo di $0,32 per azione per soddisfare le imposte dovute in relazione alla maturazione di unità di azioni soggette a restrizioni (RSU) assegnate il 8 aprile 2025. Dopo questa ritenuta, la persona che ha presentato la comunicazione possedeva beneficiariamente 246.822 azioni. Il Modulo 4 è stato firmato per procura dall’avvocato Jasmine Farrington il 27/08/2025. La segnalazione riguarda esclusivamente una cessione a fini fiscali connessa alla maturazione delle RSU e non riporta acquisti, esercizi di opzioni o altri tipi di transazioni.

George Oliva, insider de Ryvyl Inc. (RVYL) y director financiero de la compañía, informó una transacción el 18/08/2025 relacionada con acciones ordinarias. La presentación muestra la retención de 8.111 acciones ordinarias a un precio de $0,32 por acción para cubrir obligaciones fiscales vinculadas al vencimiento de unidades de acciones restringidas (RSU) otorgadas el 8 de abril de 2025. Tras dicha retención, la persona que reporta poseía beneficiosamente 246.822 acciones. El Formulario 4 fue firmado por apoderada, Jasmine Farrington, el 27/08/2025. La presentación se limita a una disposición por retención fiscal relacionada con la consolidación de las RSU y no revela compras, ejercicios de opciones u otros tipos de transacciones.

Ryvyl Inc.(RVYL) 내부자이� 회사� 최고재무책임�(CFO)� 조지 올리바가 2025-08-18� 보통주와 관련된 거래� 보고했습니다. 제출서류에는 2025� 4� 8일에 부여된 제한부주식단위(RSU)� 성과(베스�)� 따른 세금 부담을 충당하기 위해 주당 $0.32� 가격으� 8,111�� 보통주를 원천징수했다� 내용� 기재되어 있습니다. � 원천징수 이후 보고자는 246,822�� 실질적으� 보유하고 있었습니�. 양식(Form 4)은 2025-08-27� 대리인 자격으로 재스� 패링턴이 서명했습니다. 해당 제출은 RSU 베스팅과 관련된 세금 원천징수 처분으로� 한정되며, 매수, 옵션 행사 또는 다른 유형� 거래� 공개하지 않습니다.

George Oliva, initié de Ryvyl Inc. (RVYL) et directeur financier de la société, a déclaré une opération le 18/08/2025 concernant des actions ordinaires. Le dossier indique la retenue de 8 111 actions ordinaires au prix de 0,32 $ par action pour régler des obligations fiscales liées à la consolidation (vesting) d’unités d’actions restreintes (RSU) attribuées le 8 avril 2025. Après cette retenue, la personne déclarante détenait à titre bénéficiaire 246 822 actions. Le formulaire 4 a été signé par procuration par Jasmine Farrington le 27/08/2025. La déclaration se limite à une cession pour retenue fiscale liée au vesting des RSU et ne révèle aucun achat, exercice d’options ni autre type d’opération.

George Oliva, Insider von Ryvyl Inc. (RVYL) und Chief Financial Officer des Unternehmens, meldete am 18.08.2025 eine Transaktion mit Stammaktien. Die Meldung weist die Einbehaltung von 8.111 Aktien zu einem Preis von $0,32 pro Aktie aus, um Steuerverpflichtungen im Zusammenhang mit der Vesting von am 8. April 2025 gewährten Restricted Stock Units (RSUs) zu erfüllen. Nach dieser Einbehaltung besaß die meldende Person wirtschaftlich 246.822 Aktien. Das Formular 4 wurde am 27.08.2025 von einer Bevollmächtigten, Jasmine Farrington, unterzeichnet. Die Meldung beschränkt sich auf eine steuerliche Einbehaltung im Zusammenhang mit der RSU-Vesting und enthält keine Käufe, Ausübung von Optionen oder andere Transaktionstypen.

Positive
  • Continued ownership: Reporting person retains 246,822 shares, maintaining alignment with shareholders
  • Routine, non-speculative transaction: Disposal was a tax-withholding related to RSU vesting rather than an open-market sale
  • Timely disclosure: Form 4 filed and signed by attorney-in-fact within a standard reporting period
Negative
  • Reduction in outstanding shares held: 8,111 shares were withheld, slightly decreasing insider holdings
  • Price disclosure limited: Only the withholding price of $0.32 is shown; no market-sale context provided

Insights

TL;DR: Transaction is a routine tax-withholding sale tied to RSU vesting and does not indicate active selling for liquidity.

The filing documents a withholding of 8,111 shares at $0.32 to cover taxes from RSUs that vested on April 8, 2025. This is commonly executed by companies to satisfy payroll tax obligations and typically does not reflect a voluntary open-market sale by the insider. The post-transaction beneficial ownership of 246,822 shares shows continued equity ownership by the CFO, preserving alignment with shareholder interests. There is no evidence in this Form 4 of additional dispositions, option exercises, or liquidity-driven transactions.

TL;DR: Routine retention behavior via RSU mechanics; disclosure complies with Section 16 reporting.

The disclosure is straightforward: shares were withheld to satisfy tax liabilities from vested RSUs, a standard administrative action. The report was filed promptly and signed by an attorney-in-fact, indicating proper procedural handling. Because the transaction is explicitly described as tax-related withholding, it does not raise immediate governance concerns such as opportunistic insider selling or unexplained transfers. No additional related-party or indirect ownership notes are provided.

George Oliva, dirigente interno di Ryvyl Inc. (RVYL) e Chief Financial Officer della società, ha segnalato una transazione il 18/08/2025 relativa ad azioni ordinarie. La comunicazione indica la ritenuta di 8.111 azioni ordinarie al prezzo di $0,32 per azione per soddisfare le imposte dovute in relazione alla maturazione di unità di azioni soggette a restrizioni (RSU) assegnate il 8 aprile 2025. Dopo questa ritenuta, la persona che ha presentato la comunicazione possedeva beneficiariamente 246.822 azioni. Il Modulo 4 è stato firmato per procura dall’avvocato Jasmine Farrington il 27/08/2025. La segnalazione riguarda esclusivamente una cessione a fini fiscali connessa alla maturazione delle RSU e non riporta acquisti, esercizi di opzioni o altri tipi di transazioni.

George Oliva, insider de Ryvyl Inc. (RVYL) y director financiero de la compañía, informó una transacción el 18/08/2025 relacionada con acciones ordinarias. La presentación muestra la retención de 8.111 acciones ordinarias a un precio de $0,32 por acción para cubrir obligaciones fiscales vinculadas al vencimiento de unidades de acciones restringidas (RSU) otorgadas el 8 de abril de 2025. Tras dicha retención, la persona que reporta poseía beneficiosamente 246.822 acciones. El Formulario 4 fue firmado por apoderada, Jasmine Farrington, el 27/08/2025. La presentación se limita a una disposición por retención fiscal relacionada con la consolidación de las RSU y no revela compras, ejercicios de opciones u otros tipos de transacciones.

Ryvyl Inc.(RVYL) 내부자이� 회사� 최고재무책임�(CFO)� 조지 올리바가 2025-08-18� 보통주와 관련된 거래� 보고했습니다. 제출서류에는 2025� 4� 8일에 부여된 제한부주식단위(RSU)� 성과(베스�)� 따른 세금 부담을 충당하기 위해 주당 $0.32� 가격으� 8,111�� 보통주를 원천징수했다� 내용� 기재되어 있습니다. � 원천징수 이후 보고자는 246,822�� 실질적으� 보유하고 있었습니�. 양식(Form 4)은 2025-08-27� 대리인 자격으로 재스� 패링턴이 서명했습니다. 해당 제출은 RSU 베스팅과 관련된 세금 원천징수 처분으로� 한정되며, 매수, 옵션 행사 또는 다른 유형� 거래� 공개하지 않습니다.

George Oliva, initié de Ryvyl Inc. (RVYL) et directeur financier de la société, a déclaré une opération le 18/08/2025 concernant des actions ordinaires. Le dossier indique la retenue de 8 111 actions ordinaires au prix de 0,32 $ par action pour régler des obligations fiscales liées à la consolidation (vesting) d’unités d’actions restreintes (RSU) attribuées le 8 avril 2025. Après cette retenue, la personne déclarante détenait à titre bénéficiaire 246 822 actions. Le formulaire 4 a été signé par procuration par Jasmine Farrington le 27/08/2025. La déclaration se limite à une cession pour retenue fiscale liée au vesting des RSU et ne révèle aucun achat, exercice d’options ni autre type d’opération.

George Oliva, Insider von Ryvyl Inc. (RVYL) und Chief Financial Officer des Unternehmens, meldete am 18.08.2025 eine Transaktion mit Stammaktien. Die Meldung weist die Einbehaltung von 8.111 Aktien zu einem Preis von $0,32 pro Aktie aus, um Steuerverpflichtungen im Zusammenhang mit der Vesting von am 8. April 2025 gewährten Restricted Stock Units (RSUs) zu erfüllen. Nach dieser Einbehaltung besaß die meldende Person wirtschaftlich 246.822 Aktien. Das Formular 4 wurde am 27.08.2025 von einer Bevollmächtigten, Jasmine Farrington, unterzeichnet. Die Meldung beschränkt sich auf eine steuerliche Einbehaltung im Zusammenhang mit der RSU-Vesting und enthält keine Käufe, Ausübung von Optionen oder andere Transaktionstypen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Oliva George

(Last) (First) (Middle)
3131 CAMINO DEL RIO NORTH
SUITE 1400

(Street)
SAN DIEGO CA 92108

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RYVYL Inc. [ RVYL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock par value $0.001(1) 08/18/2025 F 8,111 D $0.32 246,822 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents withholding of shares of common stock for the tax liability associated with the vesting of a portion of the restricted stock units awarded on April 8, 2025.
/s/ Jasmine Farrington, Attorney-in-fact 08/27/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did RVYL CFO George Oliva report on Form 4?

The Form 4 reports withholding of 8,111 shares of common stock at $0.32 per share to satisfy tax liabilities from RSUs that vested on April 8, 2025.

How many RVYL shares does the reporting person own after the transaction?

After the tax-withholding, the reporting person beneficially owned 246,822 shares.

When was the transaction and when was the Form 4 signed?

The transaction date is 08/18/2025 and the Form 4 was signed by an attorney-in-fact on 08/27/2025.

Was this an open-market sale or a tax withholding?

This was a tax-withholding related to RSU vesting, not described as an open-market sale or voluntary disposition.

Does the Form 4 show any option exercises or derivative transactions for RVYL?

No. The filing only discloses a non-derivative withholding of common stock tied to RSU vesting and contains no derivative or option activity.
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Software - Infrastructure
Services-management Consulting Services
United States
SAN DIEGO