Scilex transfers 50M Datavault AI shares in loan deal

Rhea-AI Filing Summary

Datavault AI Inc. (DVLT) reported an insider ownership change by major shareholder Scilex Holding Co. On August 20, 2026, Scilex disposed of 50,000,000 shares of Datavault AI common stock at $0.3151 per share in a transaction coded as "other acquisition or disposition" (code J).

According to the disclosure, these shares were transferred by Scilex to Vivasor, Inc. as a drawdown under a promissory note and revolving line of credit issued by Vivasor in favor of Scilex dated August 8, 2026. After this transfer, Scilex reported 163,766,229 Datavault AI shares held directly.

Insider Trade Summary

Other: 50,000,000 shares

Other 1 txn

Insider Scilex Holding Co

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock F1	50,000,000	$0.3151	$15.76M

Holdings After Transaction: Common Stock — 163,766,229 shares (Direct)

Footnotes (1)

1. F1. The shares reported herein were transferred by Scilex Holding Company ("Scilex") to Vivasor, Inc. ("Vivasor") on August 20, 2026 as a drawdown under that certain promissory note (revolving line of credit) issued by Vivasor in favor of Scilex on August 8, 2026.

Key Figures

Shares disposed: 50,000,000 shares of Common Stock Transaction price per share: $0.3151 per share Shares owned after transaction: 163,766,229 shares +3 more

6 metrics

Shares disposed 50,000,000 shares of Common Stock Transferred by Scilex Holding Co on August 20, 2026

Transaction price per share $0.3151 per share Value reported for the August 20, 2026 transfer

Shares owned after transaction 163,766,229 shares Direct holdings of Scilex Holding Co after the transfer

Transaction date August 20, 2026 Date the 50,000,000-share transfer to Vivasor, Inc. occurred

Revolving line-of-credit note date August 8, 2026 Date of Vivasor, Inc. promissory note in favor of Scilex

Restructuring shares 50,000,000 shares Classified in the summary as restructuring-related (code J)

Key Terms

revolving line of credit, promissory note, drawdown, ten percent owner

4 terms

revolving line of credit financial

"as a drawdown under that certain promissory note (revolving line of credit)"

A revolving line of credit is a flexible borrowing arrangement that allows a person or business to access funds up to a set limit whenever needed, much like a prepaid card. As money is repaid, it becomes available to borrow again, making it a convenient way to manage cash flow or cover ongoing expenses. Investors pay attention to it because it reflects a company’s ability to access quick funds and manage financial flexibility.

promissory note financial

"under that certain promissory note (revolving line of credit) issued by Vivasor"

A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.

drawdown financial

"transferred ... to Vivasor, Inc. as a drawdown under that certain promissory note"

A drawdown is the percentage decline in the value of an investment or portfolio from its most recent high to its lowest point before it recovers. Investors use drawdowns to measure risk and resilience—like measuring how far a hiker fell from the top of a hill—because larger or longer drops indicate bigger potential losses, influence confidence, and help guide decisions about sizing, diversification, and timing trades.

ten percent owner regulatory

"Scilex Holding Co is reported as a ten percent owner of Datavault AI"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Scilex Holding Co do in this Form 4 for DVLT?

Scilex Holding Co reported disposing of 50,000,000 shares of Datavault AI Inc. common stock on August 20, 2026 in a transaction coded as "other acquisition or disposition" and structured as a transfer under a revolving line-of-credit promissory note.

At what price were the Datavault AI (DVLT) shares transferred by Scilex?

The 50,000,000 Datavault AI (DVLT) shares transferred by Scilex Holding Co were valued at $0.3151 per share, as reported in the Form 4 for the August 20, 2026 transaction.

How many DVLT shares does Scilex Holding Co report owning after this transaction?

Following the August 20, 2026 transfer, Scilex Holding Co reported direct ownership of 163,766,229 shares of Datavault AI Inc. common stock.

Who received the Datavault AI (DVLT) shares transferred by Scilex?

The 50,000,000 Datavault AI (DVLT) shares were transferred by Scilex Holding Co to Vivasor, Inc. as a drawdown under a promissory note and revolving line of credit issued by Vivasor in favor of Scilex.

Was the Scilex transaction in DVLT shares a market sale or part of a financing arrangement?

The transaction was part of a financing arrangement. Shares were transferred from Scilex to Vivasor, Inc. as a drawdown under a promissory note and revolving line of credit, rather than an open-market sale.

Is Scilex Holding Co a major shareholder of Datavault AI (DVLT)?

Yes. Scilex Holding Co is reported as a 10% owner of Datavault AI Inc. and, after the reported transaction, holds 163,766,229 DVLT shares directly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/24/2026 - 04:12 PM Accepted by SEC EDGAR 08/24/2026 - 04:12 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Scilex Holding Co

(Last) (First) (Middle)

960 SAN ANTONIO ROAD

(Street)

PALO ALTO CALIFORNIA 94303

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Datavault AI Inc. [ DVLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/20/2026		J(1)		50,000,000	D	$0.3151	163,766,229	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares reported herein were transferred by Scilex Holding Company ("Scilex") to Vivasor, Inc. ("Vivasor") on August 20, 2026 as a drawdown under that certain promissory note (revolving line of credit) issued by Vivasor in favor of Scilex on August 8, 2026.

	/s/ Stephen Ma, Scilex Holding Company, Chief Financial Officer, Chief Operating Officer, and Secretary	08/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)