---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-001335"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T04:55:08.205918+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-25-001335
- 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: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001335/0001185185-25-001335-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001335/rvyl8k100125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-001335
- JSON: https://secwatch.observer/filing/0001185185-25-001335.json
- Plain text: https://secwatch.observer/filing/0001185185-25-001335.txt

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