Investment Fund Boosts Stake in Fintech Firm Ryvyl, Shows Confidence in Growth

Rhea-AI Filing Summary

S8 Global Fintech & Regtech Fund, a 10% owner of Ryvyl, reported significant insider purchases of common stock across two consecutive days:

• On June 25, 2025, acquired 3,354 shares at $0.77 per share
• On June 26, 2025, purchased 100,000 shares at $0.8799 per share

Following these transactions, S8 Global Fintech & Regtech Fund's total beneficial ownership increased to 3,390,354 shares, held directly. The substantial purchase by a major shareholder, particularly the larger block of 100,000 shares at a higher price point, could signal confidence in the company's prospects. The Form 4 was signed by Geraldine Gantenbein as Manager of the fund.

Positive

• 10% owner S8 Global Fintech & Regtech Fund increased position by purchasing 103,354 shares through two open market transactions, demonstrating confidence in the company at prices between $0.77-$0.88 per share

Negative

• None.

Insider Trade Summary

Net Buyer: 103,354 shares ($90,573)

Net Buy 2 txns

Insider S8 Global Fintech & Regtech Fund

Role 10% Owner

Bought 103,354 shs ($91K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share	100,000	$0.8799	$88K
Purchase	Common Stock, par value $0.001 per share	3,354	$0.77	$3K

Holdings After Transaction: Common Stock, par value $0.001 per share — 3,390,354 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

S8 Global Fintech & Regtech Fund

(Last) (First) (Middle)

2C PARC D'ACTIVITES

(Street)

CAPELLEN N4 8308

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RYVYL Inc. [ RVYL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

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

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

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

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, par value $0.001 per share	06/25/2025		P		3,354	A	$0.77	3,290,354	D
Common Stock, par value $0.001 per share	06/26/2025		P		100,000	A	$0.8799	3,390,354	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:

	/s/ Geraldine Gantenbein, Manager	06/27/2025
	** 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.

FAQ

How many RVYL shares did S8 Global Fintech & Regtech Fund purchase on June 25, 2025?

S8 Global Fintech & Regtech Fund purchased 3,354 shares of RVYL common stock at a price of $0.77 per share on June 25, 2025.

What was the total RVYL share position of S8 Global Fintech & Regtech Fund after June 26, 2025?

After the June 26, 2025 transaction, S8 Global Fintech & Regtech Fund owned a total of 3,390,354 shares of RVYL common stock directly.

What was the largest RVYL stock purchase made by S8 Global Fintech & Regtech Fund in this Form 4?

The largest purchase was 100,000 shares of RVYL common stock at $0.8799 per share on June 26, 2025.

What is S8 Global Fintech & Regtech Fund's relationship to RVYL?

S8 Global Fintech & Regtech Fund is a 10% owner of RVYL Inc., as indicated in Section 5 of the Form 4 filing.