Sec Form 4/A Filing - Errez Ben @ RYVYL Inc. - 2020-11-04

FORM 4/A Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Errez Ben 2. Issuer Name and Ticker or Trading Symbol RYVYL Inc. [ RVYL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chairman of Board of Directors (Last) (First) (Middle) 3131 CAMINO DEL RIO NORTH, SUITE 1400 3. Date of Earliest Transaction (MM/DD/YY) 11/04/2020 (Street) SAN DIEGO, CA92108 4. If Amendment, Date Original Filed (MM/DD/YY) 12/28/2020 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 11/04/2020 M 500,000( 1 ) A $ 0.065 125,235,244 D Common Stock par value $0.001 11/04/2020 F 52,420( 1 ) D $ 0.065 125,182,824 D Common Stock par value $0.001 11/25/2020 S 52,083 D $ 0.48 125,130,741 D Common Stock par value $0.001 02/12/2021 D 1,800,000( 2 ) D $ 2.33 123,830,741 I GreenBox POS LLC( 3 ) Common Stock par value $0.001 01/05/2021 G 10,000 D $ 0 123,820,741 D Common Stock par value $0.001 02/12/2021 S 192,000 D $ 1.3 123,628,741( 4 ) D Common Stock par value $0.001 03/15/2021 A 389( 6 ) A $ 12.84 20,605, 179 D Common Stock par value $0.001 04/15/2021 A 495( 6 ) A $ 10.1 20,605,674 D Common Stock par value $0.001 05/15/2021 A 542( 6 ) A $ 9.22 20,606,216 D Common Stock par value $0.001 06/15/2021 A 343( 6 ) A $ 14.6 20,609,564 D Common Stock par value $0.001 07/15/2021 A 482( 6 ) A $ 10.37 20,610,046 D Common Stock par value $0.001 08/15/2021 A 647( 6 ) A $ 7.73 20,610,693 D Common Stock par value $0.001 09/15/2021 A 496( 6 ) A $ 10.09 20,611,189 D Common Stock par value $0.001 10/15/2021 A 659( 6 ) A $ 7.59 20,611,848 D Common Stock par value $0.001( 7 ) 11/24/2021 D 1,000,000 D $ 5.59 19,611,848 I GreenBox POS LLC Common Stock par value $0.001( 8 ) 01/20/2022 A 758 A $ 6.6 19,612,606 D Common Stock par value $0.001 01/20/2022 A 1,008 A $ 4.96 19,613,614 D Common Stock par value $0.001( 9 ) 01/27/2022 A 3,513 A $ 4.27 19,617,127 D Common Stock par value $0.001( 10 ) 03/15/2022 A 1,481 A $ 2.43 19,618,608 D Common Stock par value $0.001( 11 ) 04/27/2022 A 3,354 A $ 3.4 19,630,146 D Common Stock par value $0.001( 12 ) 07/22/2022 A 15,152 A $ 2.12 19,645,298 D Common Stock par value $0.001( 13 ) 07/22/2021 A 17,646 A $ 0.85 19,662,944 D Common Stock par value $0.001( 14 ) 08/16/2022 A 53,149 A $ 1.27 19,716,093 D Common Stock par value $0.001( 7 ) 10/03/2022 D 1,000,000 D $ 0.82 18,716,093 I GreenBox POS LLC Common Stock par value $0.001( 15 ) 10/17/2022 A 14,283 A $ 1.05 18,730,376 D Common Stock par value $0.001( 16 ) 10/27/2022 F 144 D $ 0.94 18,730,232 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Stock Options( 1 ) $ 0.065 11/04/2020 M 500,000 06/24/2020 06/24/2025 Common Stock, par value $0.001 500,000 $ 0 0 D Stock Options $ 1.01 12/01/2020 A 500,000 12/01/2020 06/01/2026 Common Stock, par value $0.001 500,000 $ 0 500,000( 5 ) D Stock Options $ 13.31 06/02/2021 A 3,005 06/02/2021 06/01/2026 Common Stock, par value $0.001 3,005 $ 0 86,338 D Stock Options $ 3.66 04/13/2022 A 8,184 10/13/2022 10/13/2027 Common Stock, par value $0.001 8,184 $ 0 94,522 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Errez Ben 3131 CAMINO DEL RIO NORTH SUITE 1400 SAN DIEGO, CA92108 X X Chairman of Board of Directors Signatures /s/ Ben Errez 12/20/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Mr. Errez 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. ( 2 )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. ( 3 )The reporting person serves as a managing member of GreenBox POS LLC. ( 4 )The Company effected a reverse stock split of 1:6 on February 17, 2021. As a result, Mr. Errez's 123,628,741 shares of common stock became 20,604,790 shares of common stock. ( 5 )The Company effected a reverse stock split of 1:6 on February 17, 2021. As a result, Mr. Errez's 500,000 stock options became 83,333 stock options. ( 6 )Mr. Errez earns $5,000 worth of shares of Common stock monthly, issuable on the 15th day of each month in the number based on the closing price of our Common Stock on that date or the next trading day. ( 7 )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. ( 8 )Mr. Errez earns $5,000 worth of shares of Common stock monthly, issuable on the 15th day of each month in the number based on the closing price of our Common Stock on that date or the next trading day. The issuances for November and December 2021 were delayed and consolidated in one issuance. ( 9 )On January 27, 2022, as part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 3,513 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan, 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. ( 10 )Mr. Errez earns $5,000 worth of shares of Common stock monthly, issuable on the 15th day of each month in the number based on the closing price of our Common Stock on that date or the next trading day. As part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted shares valued at $3,600 in a March issuance that will be applied against Q2 issuances. ( 11 )On April 27th 2022, as part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 3,354 shares of common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted shall vest in 6 months, and an additional 1/3 of the shares sha ll vest each month thereafter. All shares will vest fully on December 15, 2022. ( 12 )Mr. Errez was granted 15,152 shares for his 2021 performance review in accordance with the 2021 Restricted Stock Plan. ( 13 )On July 15th, 2022, as part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 17,646 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted vest in 6 months, and an additional 1/3 of the shares shall vest each month thereafter. All shares will vest fully on March 15th, 2023. ( 14 )The Board of Directors approved a $67,500 raise in compensation for Mr. Errez for the remainder of the 2022 calendar year. Per the approval of the Board of Directors, Mr. Errez elected to receive this amount in shares of Common Stock in lieu of cash. ( 15 )On October 17, 2022, as part of his quarterly compensation as a director of the Company, the Board of Directors of the Company granted Mr. Errez 14,283 shares of Common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted vest in 6 months, and an additional 1/3 of the shares shall vest each month thereafter. All shares will vest fully on June 14, 2023. ( 16 )Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on April 27, 2022.

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