Sphere 3D Corp.·4

Mar 6, 5:02 PM ET

Reppas Tiah Norton 4

4 · Sphere 3D Corp. · Filed Mar 6, 2026

Research Summary

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Updated

Sphere 3D (ANY) CAO Reppas Norton Receives 50,000 RSUs

What Happened

  • Reppas Tiah Norton, Chief Accounting Officer of Sphere 3D Corp. (ANY), received a grant of 50,000 restricted stock units (RSUs) on 2026-03-04. The filing reports the award as a derivative acquisition (code A); no per-share price or total dollar value is stated.
  • Each RSU represents a contingent right to receive one share of common stock upon vesting.

Key Details

  • Transaction date: 2026-03-04; Form 4 filed on 2026-03-06 (timely filing).
  • Award size: 50,000 RSUs granted on 3/4/2026 (derivative award; price = N/A).
  • RSUs outstanding after this grant (per filing disclosures): the 3/4/2026 grant plus two previously reported awards total 106,250 RSUs outstanding (50,000 new + 6,250 + 50,000), adjusted for the issuer’s 1-for-10 reverse split effective Feb 9, 2026.
  • Vesting noted for prior awards (per footnote): (i) 6,250 RSUs — 1,250 vested 3/1/2026; remaining vest quarterly through 3/1/2027. (ii) 50,000 RSUs — 15,000 vested 3/1/2026; remaining vest quarterly through 12/1/2027.
  • No sale, exercise, tax-withholding, 10b5-1 plan, or late-filing indication in this report.

Context

  • RSUs are a deferred compensation award: they convert to common shares only as they vest, so this grant does not immediately change outstanding common shares held by the insider. Adjustments shown reflect a recent 1-for-10 reverse stock split. This is an insider award (compensation) rather than an open-market purchase or sale, and so should be viewed as part of executive compensation rather than a direct buy/sell signal.

Insider Transaction Report

Form 4
Period: 2026-03-04
Reppas Tiah Norton
Chief Accounting Officer
Transactions
  • Award

    Restricted Stock Unit (RSU)

    [F1][F2]
    2026-03-04+50,000106,250 total
    From: 2027-03-04Exp: 2027-03-04Common Stock (50,000 underlying)
Footnotes (2)
  • [F1]Each RSU represents a contingent right to receive one share of Sphere 3D Corp. common stock.
  • [F2]In addition to the 3/4/2026 RSU, the RSUs reported under Column 9 also include two additional awards. The underlying outstanding shares and vesting schedules are as follows: (i) 6,250 shares outstanding of which 1,250 shares vested on March 1, 2026 and the remaining shares vest quarterly until March 1, 2027; and (ii) 50,000 outstanding shares of which 15,000 shares vested on March 1, 2026 and the remaining shares vest quarterly until 12/1/2027. These RSUs have been adjusted to reflect the issuer's 1 for 10 reverse stock split effective February 9, 2026.
Signature
Denise Garrett For: Tiah Reppas|2026-03-06

Documents

2 files
  • 4
    form4.xmlPrimary

    STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

  • EX-24

    EXHIBIT 24