Kalbfleisch Kurt L. 4

What Happened

• Kurt L. Kalbfleisch, CEO and CFO of Sphere 3D Corp. (ANY), received a grant of 150,000 restricted stock units (RSUs) on March 4, 2026. The grant is reported as a derivative award (code A); no purchase price applies (N/A) for RSU grants.
• Each RSU represents a contingent right to receive one share of Sphere 3D common stock upon vesting. After including three previously issued RSU awards disclosed in the filing, the total RSUs outstanding reported after this grant equal approximately 247,655 units.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely filing).
• Award: 150,000 RSUs granted (derivative securities); price: N/A (compensation award).
• Total RSUs outstanding after this grant (per filing): ~247,655 RSUs (150,000 + 2,343 + 39,062 + 56,250).
• Portions already vested from prior awards: 1,171 vested 12/31/2025 (from the 2,343 award); 7,812 vested 12/31/2025 (from the 39,062 award); 9,375 vested 3/1/2026 (from the 56,250 award).
• Remaining vesting schedules for the prior awards:
  • 2,343 RSUs: remaining portion vests 3/31/2026.
  • 39,062 RSUs: remaining portion vests quarterly through 12/31/2026.
  • 56,250 RSUs: remaining portion vests quarterly through 6/1/2027.
• All RSU counts above have been adjusted to reflect the issuer’s 1-for-10 reverse stock split effective February 9, 2026.

Context

• RSU grants are compensation and represent a contingent claim to shares upon vesting; they are not open-market purchases and do not reflect an immediate cash outlay by the insider.
• Some portions of the previously reported RSU awards have already vested (dates above); vested RSUs typically convert to shares when settled, subject to the company’s settlement and tax-withholding practices.