---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-001046"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2025-08-20T23:59:59+00:00"
generated_at: "2026-05-17T11:08:01.258217+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# RYVYL Chairman/Co-founder Ben Errez retires; company pivots to crypto treasury management

## Summary
- Ben Errez retires as EVP and Chairman effective Aug 31, 2025; will advise through Feb 2026.
- Severance: $350,000 cash payment and full vesting of unvested equity upon termination.
- Advisory agreement: $10,000 per month from Sept 2025 to Feb 2026 for strategic consulting.
- RYVYL shifts focus to crypto treasury management, planning to accumulate crypto as reserve asset.
- Departure is for personal reasons, not a disagreement with management.

## SEC filing metadata
- accession: 0001185185-25-001046
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2025-08-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001046/0001185185-25-001046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001046/rvyl8k082025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-001046
- JSON: https://secwatch.observer/filing/0001185185-25-001046.json
- Plain text: https://secwatch.observer/filing/0001185185-25-001046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.