CEO Fredi Nisan to retire Oct 31; gets $350K severance + equity vesting; Director Ralph resigns

RYVYL Inc.

CEO Fredi Nisan will retire effective Oct 31, 2025; receives $350K cash severance over 12 months and accelerated vesting of 90,964 RSAs, 253,334 RSUs, 26,667 options.
Director Forest Ralph resigned Sept 26, 2025; both departures for personal reasons, no disagreements with management or board.
Nisan will serve as consultant Nov 1, 2025–Apr 30, 2026 at $10K/month to advise on strategic partnerships, M&A, and corporate development.
No successor CEO has been named; the company has not disclosed a search process.

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