Reppas Tiah Norton 4

What Happened
Reppas Tiah Norton, Chief Accounting Officer of Sphere 3D Corp. (ANY), had 16,250 derivative awards converted into common shares on March 11, 2026 (reported as exercise/conversion of RSUs). Following the vesting/release, Norton sold 6,250 shares in an open-market transaction on March 12, 2026 at $1.61 per share for proceeds of $10,063. The sale was executed to satisfy the issuer’s tax withholding obligations related to the vested RSUs.

Key Details

• Transaction dates: Mar 11, 2026 (conversion/exercise of 16,250 RSU-derived shares); Mar 12, 2026 (open-market sale of 6,250 shares).
• Sale price: $1.61 per share; total proceeds reported $10,063.
• Post-transaction holdings: Reporting person retains outstanding RSU awards totaling 90,000 underlying shares (see vesting schedule below); consult the Form 4 for the exact common-share balance after these transactions.
• Notable footnotes: (F2) the sale was to satisfy tax withholding on RSU release; (F1) each RSU converts to one common share; (F3) all share figures reflect a 1-for-10 reverse split effective Feb 9, 2026.
• Filing timeliness: Report filed Mar 13, 2026 for transactions on Mar 11–12, 2026 (appears timely).

Context

• The March 11 entries reflect conversion/release of RSUs (derivative exercise/conversion, code M). The March 12 sale is a routine cashless-type sale to cover tax withholding (not an independent investment-sale signal).
• Vesting schedule for outstanding RSUs reported: (i) 5,000 outstanding — 1,250 vest quarterly from Jun 1, 2026 to Mar 1, 2027; (ii) 35,000 outstanding — 5,000 vest quarterly from Jun 1, 2026 to Dec 1, 2027; (iii) 50,000 outstanding — vests in full on Mar 4, 2027.
• These transactions reflect standard post-vesting tax withholding activity rather than an opportunistic open-market divestiture.