Sec Form 4/A Filing - Nisan Fredi @ 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 Nisan Fredi 2. Issuer Name and Ticker or Trading Symbol RYVYL Inc. [ RVYL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer (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 06/16/2022 P 5,400 A $ 1.42 19,612,494 D Common Stock par value $0.001 06/16/2022 P 20 A $ 1.38 19,612,514 D Common Stock par value $0.001 ( 3 ) 07/22/2022 A 15,152 A $ 2.12 19,627,666 D Common Stock par value $0.001 ( 2 ) 07/22/2022 A 17,646 A $ 0.85 19,645,312 D Common Stock par value $0.001 ( 1 ) 07/29/2022 D 1,000,000 D $ 0.82 18,645,312 I GreenBox POS LLC Common Stock par value $0.001 ( 4 ) 08/16/2022 A 53,149 A $ 1.27 18,698,461 D Common Stock par value $0.001 ( 2 ) 10/17/2022 A 14,283 A $ 1.05 18,712,744 D Common Stock par value $0.001 ( 5 ) 10/27/2022 F 43 D $ 0.94 18,712,701 D Common Stock par value $0.001 ( 5 ) 11/15/2022 F 45 D $ 0.94 18,712,656 D Common Stock par value $0.001 ( 6 ) 11/17/2022 F 4,394 D $ 0.92 18,708,262 D Common Stock par value $0.001 ( 5 ) 12/15/2022 F 27 D $ 0.53 18,708,235 D Common Stock par value $0.001 ( 7 ) 01/17/2023 F 1,219 D $ 0.79 18,707,016 D Common Stock par value $0.001 ( 7 ) 02/15/2023 F 1,052 D $ 0.53 18,705,964 D Common Stock par value $0.001 ( 8 ) 02/15/2023 F 22,852 D $ 0.53 18,683,112 D Common Stock par value $0.001 ( 7 ) 03/15/2023 F 875 D $ 0.36 18,682,237 D Common Stock par value $0.001 ( 9 ) 05/10/2023 A 18,987 A $ 0.79 18,701,224 D Common Stock par value $0.001 ( 9 ) 05/10/2023 A 18,750 A $ 0.8 18,719,974 D Common Stock par value $0.001 ( 10 ) 05/15/2023 F 433 D $ 0.47 18,720,407 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Nisan Fredi 3131 CAMINO DEL RIO NORTH SUITE 1400 SAN DIEGO, CA92108 X Chief Executive Officer Signatures /s/ Fredi Nisan 05/30/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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. ( 2 )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. ( 3 )Mr. Nisan was granted 15,152 shares for his 2021 performance review in accordance with the 2021 Restricted Stock Plan. ( 4 )The Board of Directors approved a $67,500 raise in compensation for Mr. Nisan for the remainder of the 2022 calendar year. Per the approval of the Board of Directors, Mr. Nisan elected to receive this amount in shares of Common Stock in lieu of cash. ( 5 )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. ( 6 )Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on July 22, 2022. ( 7 )Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022. ( 8 )Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on August 16, 2022. ( 9 )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. The issuances for Q12023 and Q2 2023 were delayed. ( 10 )Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on October 17, 2022.

Remarks: See continuance of amended transactions on previously Form 4 filed on the same day.

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).

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