Reppas Tiah Norton 4

What Happened
Reppas Tiah Norton, Chief Accounting Officer of Sphere 3D Corp. (ANY), had RSUs vest on June 1, 2026 that converted into 56,250 common shares. To satisfy tax withholding obligations, 20,398 of those shares were sold the same day for aggregate proceeds of approximately $88,001. The filing shows the conversion/acquisition (derivative exercise/conversion) and the share dispositions for tax withholding.

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
• Acquired: 56,250 shares via RSU conversion (reported at $0.00 per share).
• Disposed (sell-to-cover tax withholding):
  • 10,200 shares @ $4.41 = $44,982
  • 1,498 shares @ $4.04 = $6,044
  • 8,700 shares @ $4.25 = $36,975
  • Total sold: 20,398 shares for ~$88,001.
• Net shares from this event: +35,852 shares (56,250 acquired − 20,398 sold).
• Footnotes: F1/F3 — these were two RSU awards (each RSU = 1 share). F2 — the disposals primarily represent shares sold to satisfy the issuer’s tax withholding on the vested RSUs. Footnote F3 lists remaining outstanding RSU awards and future vesting schedules (3,750 outstanding with 1,250 vesting quarterly from Sept 1, 2026 to Mar 1, 2027; 30,000 outstanding with 5,000 vesting quarterly from Sept 1, 2026 to Dec 1, 2027).

Context
This was an RSU vesting event with a routine "sell-to-cover" for tax withholding — common when equity awards vest. Such transactions typically reflect ordinary compensation settlement rather than a directional trade signal by the insider. No purchase (P) or open-market selling beyond tax withholding was reported, and this is not a gift or a 10% owner transaction.