---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-001333"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T04:54:54.622643+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-25-001333
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2025-10-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001333/0001185185-25-001333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001333/rvyl8k100125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-001333
- JSON: https://secwatch.observer/filing/0001185185-25-001333.json
- Plain text: https://secwatch.observer/filing/0001185185-25-001333.txt

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