CEO Fredi Nisan to retire Oct 31, 2025; secures $350K severance and advisory role

RYVYL Inc.

CEO Fredi Nisan will retire effective October 31, 2025; departure is for personal reasons, no disagreement with board.
Severance includes $350,000 cash paid over 12 months and accelerated vesting of 90,964 RSAs, 253,334 RSUs, and 26,667 stock options.
Nisan will serve as a consultant from Nov 1, 2025 through Apr 30, 2026 at $10,000 per month for strategic advisory services.
Director Forest Ralph resigned on September 26, 2025, also for personal reasons, no disagreement disclosed.

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