Kalbfleisch Kurt L. 4

What Happened

• Kurt L. Kalbfleisch, CFO and Director of Sphere 3D Corp. (ANY), had RSUs vest/convert into 159,375 common shares on June 1, 2026 (reported as exercise/conversion of derivative, code M). To satisfy tax withholding, 50,000 shares were delivered/withheld at $3.06 for $152,995 and 7,000 shares at $4.15 for $29,031 — total tax withholding proceeds $182,026. Based on the reported transactions, the net share increase from this vesting was 102,375 shares (159,375 acquired less 57,000 withheld).

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026.
• Acquired: 159,375 shares via vesting/conversion of RSUs (transaction code M).
• Withheld/disposed for tax withholding (transaction code F): 50,000 shares @ $3.06 = $152,995 and 7,000 shares @ $4.15 = $29,031 (total $182,026).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: (F1) the awards were RSUs (each RSU = right to one share); (F2) the sales/withholding were to satisfy issuer tax withholding on the vested RSUs; (F3) remaining outstanding RSUs reported include (i) 23,437 shares with staggered vesting (7,813 on 6/30/26, then ~7,812 on 9/30/26 and 12/31/26) and (ii) 37,500 shares with quarterly vesting from 9/1/26 through 6/1/27.
• Filing timeliness: filed 2 days after the transaction date (appears timely).

Context

• These were RSU vesting and issuer withholding transactions (routine tax-withholding), not open-market sells. Transaction code M indicates conversion/settlement of derivative awards (RSUs) into common shares; code F indicates shares were surrendered/issued to cover tax liabilities. Such withholding transactions are standard when equity awards vest and typically do not by themselves indicate insider sentiment.