Ryvyl Inc.
US ˙ NasdaqCM ˙ US39366L3078

SecurityRVYL / Ryvyl Inc.
InsiderFredi Nisan
This page shows the track record and history of Nisan Fredi insider trades in Ryvyl Inc.. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. It is illegal for insiders to make trades in their companies based on material, non-public information ("MNPI"). This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4.
Insider Purchases - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made by Fredi Nisan in RVYL / Ryvyl Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2022-06-16 7,000 1.4300 7,000 1.4300 10,010 61 1.9700 3,780 37.76
2022-06-16 20 1.3900 20 1.3900 28
2022-06-16 600 1.4300 60 14.3000 858
2022-06-16 600 1.4300 60 14.3000 858
2022-06-16 400 1.4300 40 14.3000 572
2022-06-16 5,400 1.4200 540 14.2000 7,668
2022-06-16 20 1.3800 2 13.8000 28
2022-06-13 80 1.9900 8 19.9000 159
2022-05-23 4,800 2.0400 4,800 2.0400 9,792
2022-05-23 4,800 2.0500 480 20.5000 9,840
2021-09-01 7 9.4700 1 94.7000 66
2021-08-26 280 8.6700 28 86.7000 2,428
2021-08-26 837 8.7500 84 87.5000 7,324
2021-08-26 971 8.7500 97 87.5000 8,496
2021-08-26 192 8.7500 19 87.5000 1,680

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RVYL / Ryvyl Inc. Insider Trades
Insider Sales - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made by Fredi Nisan in RVYL / Ryvyl Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2021-05-21 20,062 0.7000 20,062 0.7000 14,043 361 2.0000 26,081 185.72
2021-05-21 20,062 0.7000 2,006 7.0000 14,043
2020-12-22 74,627 0.7000 12,438 4.2000 52,239
2020-12-22 74,627 0.7000 9,328 5.6000 52,239
2020-12-18 1,800,000 0.7000 300,000 4.2000 1,260,000
2020-11-13 250,000 0.3000 41,667 1.8000 75,000
2020-11-13 250,000 0.3000 31,250 2.4000 75,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RVYL / Ryvyl Inc. Insider Trades
Insider Transaction History
File
Date		 Trade
Date		 Form Insider Ticker Security Title Code 10b5-1 Direct Exercise
Price		 Unit
Price		 Units
Changed		 Value
Changed (1K)		 Remaining
Options		 Remaining
Shares
2025-08-27 2025-08-20 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 0.2900 17,241 5 2,412,037
2025-08-27 2025-08-20 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 0.3400 14,705 5 2,394,796
2025-08-27 2025-08-20 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 0.6800 7,352 5 2,380,091
2025-08-27 2025-08-20 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 0.7000 7,142 5 2,372,739
2025-08-27 2025-08-18 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.3200 -5,666 -2 2,365,597
2025-08-27 2025-08-18 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.3200 -5,666 -2 2,365,597
2025-08-27 2025-08-14 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.3000 -181 -0 2,376,929
2025-06-04 2025-05-30 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.5630 -33,992 -19 2,377,110
2025-04-10 2025-04-08 4 Nisan Fredi RVYL Restricted Stock Unit A - Award D 0.7900 190,000 150 2,411,102
2025-04-10 2025-04-08 4 Nisan Fredi RVYL Restricted Stock Unit A - Award D 0.7900 190,000 150 2,411,102
2025-02-21 2025-02-15 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 1.2600 -3,968 -5 2,031,102
2025-01-08 2024-12-31 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 1.3000 -10,955 -14 2,027,134
2024-12-17 2024-12-15 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 1.4000 -475 -1 2,038,089
2024-11-18 2024-11-15 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 1.2400 -474 -1 2,038,564
2024-10-29 2024-10-15 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 1.9700 -377 -1 2,039,038
2024-09-17 2024-09-15 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 1.0700 -75 -0 2,039,415
2024-08-19 2024-08-15 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 1.2800 -74 -0 2,039,490
2024-07-19 2024-07-16 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 2.0400 -125 -0 2,039,564
2024-06-18 2024-06-15 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 1.5800 3,164 5 2,039,689
2024-06-18 2024-06-15 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 1.5800 -177 -0 2,036,525
2024-05-17 2024-05-15 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 1.5200 3,289 5 2,036,702
2024-05-17 2024-05-15 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 1.5200 -330 -1 2,033,413
2024-04-16 2024-04-15 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 2.0600 2,426 5 2,033,743
2024-04-16 2024-04-13 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 2.0600 -203 -0 2,031,317
2024-03-19 2024-03-15 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 3.9300 1,272 5 2,031,520
2024-03-15 2024-03-13 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 3.9400 -137 -1 2,030,248
2024-02-23 2024-02-15 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 4.3600 1,146 5 2,030,385
2024-02-14 2024-02-12 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 4.2500 -38 -0 2,029,239
2024-01-19 2024-01-16 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 4.1900 1,193 5 2,029,277
2024-01-19 2024-01-16 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 4.1900 -39 -0 2,028,084
2024-01-19 2024-01-02 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 4.4400 -10,928 -49 2,028,123
2023-12-21 2023-12-19 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 3.0700 1,628 5 2,039,051
2023-12-21 2023-12-12 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 2.8300 -46 -0 2,037,423
2023-12-21 2023-12-12 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 2.8300 -47 -0 2,037,469
2023-11-28 2023-11-27 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 1.9800 80,000 158 2,037,516
2023-11-28 2023-11-22 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 2.0600 2,427 5 1,877,516
2023-11-28 2023-11-13 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 2.0600 -30 -0 1,875,089
2023-11-28 2023-11-13 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 2.0600 -31 -0 1,875,119
2023-10-20 2023-10-17 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 3.1500 1,587 5 1,875,253
2023-10-20 2023-10-16 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 3.1500 -51 -0 1,875,150
2023-10-20 2023-10-16 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 3.1500 -52 -0 1,875,201
2023-09-22 2023-09-19 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 4.9000 1,020 5 1,873,666
2023-08-22 2023-08-22 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 1.0600 4,716 5 18,726,465
2023-08-22 2023-07-17 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 1.4700 3,401 5 18,722,318
2023-08-22 2023-06-14 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.6800 -569 -0 18,721,749
2023-08-22 2023-05-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.4700 -433 -0 18,719,541
2023-08-22 2023-04-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.8000 -624 -0 18,718,917
2023-07-20 2023-07-17 4 Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 1.4700 3,401 5 18,723,184
2023-06-12 2023-04-15 4 Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.8000 -624 -0 18,719,783
2023-05-30 2022-06-16 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 1.4300 400 1 19,607,094
2023-05-30 2022-06-16 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 1.4300 600 1 19,606,694
2023-05-30 2022-06-16 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 1.4300 600 1 19,606,694
2023-05-30 2022-06-13 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 1.9900 80 0 19,605,494
2023-05-30 2022-05-23 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 2.0500 4,800 10 19,605,414
2023-05-30 2022-04-27 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 3.4000 3,354 11 19,600,614
2023-05-30 2022-03-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 2.4300 1,481 4 19,589,076
2023-05-30 2022-01-27 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 4.2700 3,513 15 19,587,595
2023-05-30 2022-01-20 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 4.9600 1,008 5 19,584,082
2023-05-30 2022-01-20 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 6.6000 758 5 19,583,074
2023-05-30 2021-11-24 4/A Nisan Fredi GreenBox POS LLC RVYL Common Stock par value $0.001 D - Sale to Issuer I 5.5900 1,000,000 5,590 19,582,316
2023-05-30 2021-10-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 7.5900 659 5 20,582,316
2023-05-30 2021-09-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 10.0900 496 5 20,581,657
2023-05-30 2021-09-01 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 9.4700 7 0 20,581,161
2023-05-30 2021-08-26 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 8.7500 192 2 20,581,154
2023-05-30 2021-08-26 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 8.7500 971 8 20,580,962
2023-05-30 2021-08-26 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 8.7500 837 7 20,579,991
2023-05-30 2021-08-26 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 8.6700 280 2 20,579,154
2023-05-30 2021-08-16 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 7.7300 647 5 20,578,874
2023-05-30 2021-07-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 10.3700 482 5 20,578,227
2023-05-30 2021-06-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 14.6000 343 5 20,577,745
2023-05-30 2021-05-21 4/A Nisan Fredi RVYL Common Stock par value $0.001 S - Sale D 0.7000 20,062 14 20,577,402
2023-05-30 2021-05-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 9.2200 542 5 20,594,459
2023-05-30 2021-04-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 10.1000 495 5 20,593,917
2023-05-30 2021-03-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 12.8400 389 5 20,593,422
2023-05-30 2021-02-12 4/A Nisan Fredi GreenBox POS LLC RVYL Common Stock par value $0.001 D - Sale to Issuer I 2.3300 1,800,000 4,194 123,558,197
2023-05-30 2020-12-22 4/A Nisan Fredi RVYL Common Stock par value $0.001 S - Sale D 0.7000 74,627 52 125,358,197
2023-05-30 2020-11-13 4/A Nisan Fredi RVYL Common Stock par value $0.001 S - Sale D 0.3000 -250,000 -75 124,932,824
2023-05-30 2020-11-04 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.0650 -52,420 -3 125,182,824
2023-05-30 2020-11-04 4/A Nisan Fredi RVYL Common Stock par value $0.001 M - Exercise D 0.0650 500,000 32 125,235,244
2023-05-30 2023-05-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.4700 -433 -0 18,720,407
2023-05-30 2023-05-10 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 0.8000 18,750 15 18,719,974
2023-05-30 2023-05-10 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 0.7900 18,987 15 18,701,224
2023-05-30 2023-03-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.3600 -875 -0 18,682,237
2023-05-30 2023-02-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.5300 -22,852 -12 18,683,112
2023-05-30 2023-02-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.5300 -1,052 -1 18,705,964
2023-05-30 2023-01-17 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.7900 -1,219 -1 18,707,016
2023-05-30 2022-12-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.5300 -27 -0 18,708,235
2023-05-30 2022-11-17 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.9200 -4,394 -4 18,708,262
2023-05-30 2022-11-15 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.9400 -45 -0 18,712,656
2023-05-30 2022-10-27 4/A Nisan Fredi RVYL Common Stock par value $0.001 F - Taxes D 0.9400 -43 -0 18,712,701
2023-05-30 2022-10-17 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 1.0500 14,283 15 18,712,744
2023-05-30 2022-08-16 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 1.2700 53,149 67 18,698,461
2023-05-30 2022-07-29 4/A Nisan Fredi GreenBox POS LLC RVYL Common Stock par value $0.001 D - Sale to Issuer I 0.8200 -1,000,000 -820 18,645,312
2023-05-30 2022-07-22 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 0.8500 17,646 15 19,645,312
2023-05-30 2022-07-22 4/A Nisan Fredi RVYL Common Stock par value $0.001 A - Award D 2.1200 15,152 32 19,627,666
2023-05-30 2022-06-16 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 1.3800 20 0 19,612,514
2023-05-30 2022-06-16 4/A Nisan Fredi RVYL Common Stock par value $0.001 P - Purchase D 1.4200 5,400 8 19,612,494
2022-06-21 2022-06-16 4/A Nisan Fredi GBOX Common Stock par value $0.001 P - Purchase D 1.3900 20 0 20,068,630
2022-06-21 2022-06-16 4/A Nisan Fredi GBOX Common Stock par value $0.001 P - Purchase D 1.4300 7,000 10 20,068,610
2022-06-21 2022-05-23 4/A Nisan Fredi GBOX Common Stock par value $0.001 P - Purchase D 2.0400 4,800 10 20,061,610
2022-06-17 2022-06-16 4 Nisan Fredi GBOX Common Stock par value $0.001 P - Purchase D 1.3900 -20 -0 20,068,630
2022-06-17 2022-06-16 4 Nisan Fredi GBOX Common Stock par value $0.001 P - Purchase D 1.4300 -7,000 -10 20,068,610
2022-06-17 2022-05-23 4 Nisan Fredi GBOX Common Stock par value $0.001 P - Purchase D 2.0400 -4,800 -10 20,061,610
2022-05-04 2022-04-27 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 3.4000 3,354 11 20,590,143
2022-03-17 2022-03-15 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 2.4300 1,481 4 20,586,789
2022-01-28 2022-01-27 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 4.2700 3,513 15 20,585,308
2022-01-28 2022-01-20 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 4.9600 1,008 5 20,581,795
2022-01-28 2022-01-20 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 6.6000 758 5 20,580,787
2021-10-20 2021-10-15 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 7.5900 659 5 20,580,029
2021-09-27 2021-09-15 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 10.0900 496 5 20,579,370
2021-08-27 2021-08-16 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 7.7300 647 5 20,578,874
2021-08-27 2021-06-02 4 Nisan Fredi GBOX Stock Options A - Award D 13.31 3,005 20,578,227
2021-08-04 2020-12-18 4/A Nisan Fredi GreenBox POS LLC GBOX Common Stock, par value $0.001 S - Sale I 0.7000 -1,800,000 -1,260 123,632,824
2021-08-04 2020-12-01 4/A Nisan Fredi GBOX Stock Options A - Award D 1.01 500,000 125,432,824
2021-08-04 2020-11-13 4/A Nisan Fredi GBOX Common Stock, par value $0.001 S - Sale D 0.3000 -250,000 -75 124,932,824
2021-08-04 2020-11-04 4/A Nisan Fredi GBOX Common Stock, par value $0.001 M - Exercise D 0.0700 447,580 31 125,182,824
2021-08-04 2020-11-04 4/A Nisan Fredi GBOX Common Stock, par value $0.001 F - Taxes D 0.0700 -52,420 -4 124,682,824
2021-08-04 2021-07-15 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 10.3700 482 5 20,575,222
2021-08-04 2021-06-15 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 14.6000 343 5 20,574,740
2021-08-04 2021-05-21 4 Nisan Fredi GBOX Common Stock, par value $0.001 S - Sale D 0.7000 -20,062 -14 20,574,397
2021-08-04 2021-05-15 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 9.2200 542 5 20,594,459
2021-08-04 2021-04-15 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 10.1000 495 5 20,593,917
2021-08-04 2021-03-15 4 Nisan Fredi GBOX Common Stock, par value $0.001 A - Award D 12.8400 389 5 20,593,422
2021-08-04 2020-12-22 4 Nisan Fredi GBOX Common Stock, par value $0.001 S - Sale D 0.7000 -74,627 -52 123,558,197
2020-12-28 2020-12-18 4 Nisan Fredi GreenBox POS LLC GBRX Common Stock, par value $0.001 S - Sale I 0.7000 -1,800,000 -1,260 122,935,244
2020-09-30 3 Nisan Fredi By GreenBox POS LLC GBRX Common Stock, par value $0.001 I 124,735,244
2020-09-30 3 Nisan Fredi By relatives GBRX Common Stock, par value $0.001 I 270,000
P
Köp på öppna marknaden eller privat köp av icke-derivatsäkerhet
S
Köp på öppna marknaden eller privat försäljning av icke-derivatsäkerhet
A
Bevilja, tilldelning eller annat förvärv av värdepapper från företaget (såsom en option)
C
Omvandling av derivat
D
Försäljning eller överföring av värdepapper tillbaka til företaget
F
Betalning av lösenpris eller skatteskuld med del av värdepapper som erhållits från bolaget
G
Överlåtelse av värdepapper från eller till insidern
K
Aktieswappar och liknande säkringsaffärer
M
Utövande eller omvandling av derivatsäkerhet som erhållits från företaget (som en option)
V
En transaktion friviligt rapporterad på schema 4
J
Andra (med en fotnot som beskriver transaktionen)