Kalbfleisch Kurt L. 4

What Happened
Kurt L. Kalbfleisch, Sphere 3D Corp. (ANY) CEO and CFO, had 18,358 restricted stock units (RSUs convert/vest) settle on March 12, 2026. To satisfy tax withholding tied to that vesting, he sold 9,800 shares in an open market transaction on March 13, 2026 at $1.59 per share for proceeds of $15,582. The remaining 8,558 shares from this vesting were retained (18,358 vested less 9,800 sold).

Key Details

• Transaction dates: RSU settlement/derivative conversion on 2026-03-12; open-market sale on 2026-03-13.
• Sale price and value: 9,800 shares sold at $1.59, total proceeds $15,582.
• Shares retained from this vesting: 18,358 vested − 9,800 sold = 8,558 shares (from these specific vested RSUs).
• Footnotes of note:
  • F1: Each RSU converts to one common share upon settlement.
  • F2: The sale was to satisfy issuer tax-withholding obligations (a sell-to-cover).
  • F3: Share balances reflect a 1-for-10 reverse split effective Feb 9, 2026.
  • F4/F5: The reported RSU activity reflects multiple grant tranches and vesting schedules (details include prior vesting on 12/31/2025 and 3/1/2026 and additional outstanding awards with staggered vesting into 2027).
• Filing: Report filed 2026-03-13 for transactions on 3/12–3/13; no late filing flag noted.

Context
This was an RSU settlement with a routine sell-to-cover for tax withholding, not a discretionary open‑market sale driven by new purchases. Derivative code "M" here indicates conversion/settlement of RSUs into common shares; the immediate sale related to withholding is common and does not necessarily indicate the insider's market view. Purchases (which can be more informative) were not reported in this filing.