Trompeter Patricia 4
4 · Sphere 3D Corp. · Filed Jun 11, 2024
Insider Transaction Report
Form 4
Trompeter Patricia
DirectorCEO
Transactions
- Exercise/Conversion
Restricted Stock Unit (RSU)
2024-06-07−571,608→ 674,107 total→ Common Stock (571,608 underlying) - Exercise/Conversion
Common Stock
2024-06-07+571,608→ 699,687 total - Sale
Common Stock
2024-06-11$1.14/sh−150,000$171,450→ 549,687 total
Footnotes (3)
- [F1]Each RSU represents a contingent right to receive one share of Sphere 3D Corp. common stock.
- [F2]This transaction represents the sale of shares by the reporting person to satisfy the issuer???s tax withholding obligations in connection with the release of vested RSUs on June 7, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $1.12 to $1.20, inclusive.
- [F3]The RSUs reported under Column 9 represent two awards. The underlying shares and vesting schedules are as follows: (i) 17,857 shares vest 4/8/25 and (ii) 93,750 vest quarterly beginning 6/30/24 until 12/31/25.