---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-26-004068"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2026-09-16T20:45:35+00:00"
generated_at: "2026-09-16T20:47:38.102685+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RTB Digital signs CEO Heckman to 5-year services deal with retro pay, $250K bonus, equity milestones

## Summary
- Agreement effective June 1, 2026 through Dec 31, 2030; base salary $75K/month retroactive to June 1, then $50K/month from Jan 1, 2027.
- Retroactive compensation of $195K for June-Aug 2026 plus initial cash bonus of $250K payable within 5 days.
- Annual performance bonuses: 50% of base upon EBITDA-positive run-rate, 100% upon $100M EBITDA+ revenue run-rate.
- Equity awards include Nasdaq True-up to 10% of diluted cap (cap 34.7M shares) and $100M revenue milestone RSUs; LTIP stock-price appreciation bonuses 2027-2031.
- Severance: 12 months base if terminated without cause/good reason; after change of control, full vesting and company must offer to repurchase 50% of shares at VWAP.

## SEC filing metadata
- accession: 0001185185-26-004068
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2026-09-16T20:45:35+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/1419275/000118518526004068/0001185185-26-004068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518526004068/rtb8k091626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-26-004068
- JSON: https://secwatch.observer/filing/0001185185-26-004068.json
- Plain text: https://secwatch.observer/filing/0001185185-26-004068.txt

## Key facts
- Executive change
  James Heckman was appointed as Chief Executive Officer at RYVYL Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On September 10, 2026, RTB Digital, Inc. (the “Company”) entered into an Executive Services Agreement (the “Agreement”) with Heckman Media LLC (“HM”), pursuant to which HM will provide the services of James Heckman to the Company as its Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518526004068/0001185185-26-004068-index.htm

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