Harnett Sue 4

What Happened
Sue Harnett, a director of Sphere 3D Corp. (ANY), exercised/converted 74,074 derivative awards on 2026-06-01 to acquire 74,074 common shares and concurrently disposed of 74,074 shares. The filing does not disclose any price or total dollar value for these transactions. The footnote indicates each derivative was an RSU (a contingent right to one common share).

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (timely).
• Transaction type/code: M (exercise or conversion of derivative).
• Shares acquired: 74,074 (from conversion/exercise).
• Shares disposed: 74,074 (derivative disposition).
• Price/value: Not disclosed (N/A in the filing).
• Shares owned after transaction: Not reported in the provided filing details.
• Footnote: F1 — each RSU represents a contingent right to one common share.
• No 10b5-1 plan, tax-withholding details, or late-filing flags were indicated in the provided info.

Context
This filing reflects conversion of RSUs into common shares with a simultaneous disposition of the same number of shares. Such conversions and immediate dispositions are often administrative (e.g., vesting and subsequent sell/transfer or withholding), but the Form 4 here does not state the reason or whether shares were sold for cash, transferred, or withheld for taxes. Because this is not a purchase, it should not be interpreted as an additional bullish insider buy signal.