FORM 4
☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Errez Ben		 2. Issuer Name and Ticker or Trading Symbol

RYVYL Inc. [ RVYL ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chairman of Board of Directors
(Last)          (First)          (Middle)

3131 CAMINO DEL RIO NORTH, SUITE 1400		 3. Date of Earliest Transaction (MM/DD/YYYY)

11/15/2022
(Street)

SAN DIEGO, CA 92108		 4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)        (State)        (Zip)
Rule 10b5-1(c) Transaction Indication
☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 11/15/2022  F  145 (2)D$0.96 18730087 D  
Common Stock par value $0.001 11/17/2022  F  5789 (3)D$0.92 18724298 D  
Common Stock par value $0.001 12/15/2022  F  104 (4)D$0.53 18724194 D  
Common Stock par value $0.001 1/17/2023  F  1886 (5)D$0.79 18722308 D  
Common Stock par value $0.001 2/15/2023  F  1617 (6)D$0.53 18720691 D  
Common Stock par value $0.001 2/15/2023  F  26569 (7)D$0.53 18694122 D  
Common Stock par value $0.001 3/15/2023  F  1299 (8)D$0.36 18692823 D  
Common Stock par value $0.001 (1)(9)5/1/2023  A  18987 A$0.79 18711810 D  
Common Stock par value $0.001 (1)(10)5/1/2023  A  18750 A$0.80 18730560 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
(1) Mr. Errez earns $5,000 worth of shares of Common stock monthly, issuable on the 15th day of each month in the number based on the closing price of our Common Stock on that date or the next trading day.
(2) Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on April 27, 2022.
(3) Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on May 17, 2022.
(4) Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on April 27, 2022.
(5) Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022.
(6) Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022.
(7) Represents withholding of shares of common stock for the tax liability associated with the vesting of the registered shares granted on August 16, 2022.
(8) Represents withholding of shares of common stock for the tax liability associated with the vesting of 1/3 of the registered shares granted on July 15, 2022.
(9) On April 17th, 2023, as part of his quarterly compensation for Q1 as a director of the Company, the Board of Directors of the Company granted Mr. Errez 18,987 shares of common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted shall vest in 6 months, and an additional 1/3 of the shares shall vest each month thereafter. All shares will vest fully on December 12th, 2023. This grant was issued on May 1, 2023.
(10) On April 17th, 2023, as part of his quarterly compensation for Q2 as a director of the Company, the Board of Directors of the Company granted Mr. Errez 18,750 shares of common Stock pursuant to the Company's 2021 Restricted Stock Plan, whereby 1/3 of the shares granted shall vest in 6 months, and an additional 1/3 of the shares shall vest each month thereafter. All shares will vest fully on December 12th, 2023. This grant was issued on May 1, 2023.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Errez Ben
3131 CAMINO DEL RIO NORTH
SUITE 1400
SAN DIEGO, CA 92108		XXChairman of Board of Directors
Signatures
/s/ Jasmine Farrington Attorney-in-fact5/8/2023
**Signature of Reporting PersonDate
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).
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