Hanley Timothy P. 4
4 · Sphere 3D Corp. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Sphere 3D (ANY) Director Timothy Hanley Receives Award
What Happened
Timothy P. Hanley, a director of Sphere 3D Corp. (ANY), was granted 50,000 restricted stock units (RSUs) on June 8, 2026. The RSUs were awarded at $0.00 (no cash paid at grant). The units represent a contingent right to receive one common share per RSU and will vest in full on June 1, 2027, subject to acceleration on certain Vesting Events.
Key Details
- Transaction type/code: Award (A) — grant of RSUs.
- Transaction date: 2026-06-08; reported on Form 4 filed 2026-06-10 (filed within the two-business-day window).
- Number of RSUs: 50,000; grant price listed as $0.00 (typical for RSU grants).
- Vesting: RSUs vest in full on June 1, 2027; full acceleration if a Vesting Event occurs (e.g., Change in Control or dissolution). (See footnote F1.)
- Shares owned after transaction: Not specified in the provided filing.
Context
RSUs are a form of equity compensation that do not require cash payment at grant; value to the holder depends on the company’s share price when the RSUs settle into common shares. Grants to directors are common as part of compensation programs and do not, by themselves, indicate buying or selling sentiment.
Insider Transaction Report
- Award
Common Shares
[F1]2026-06-08+50,000→ 82,601 total
Footnotes (1)
- [F1]Represents a grant of 50,000 restricted stock units ("RSUs"), each representing a contingent right to receive one common share of the Issuer. The RSUs were granted on June 8, 2026 pursuant to the Issuer's equity plan. The RSUs will vest in full on June 1, 2027, subject to full acceleration upon the occurrence of a Vesting Event. A "Vesting Event" means: (i) a Change in Control Vesting Event (as defined in the reporting person's RSU Award Agreement) or (ii) a dissolution, liquidation or wind-up of the Issuer.