Reppas Tiah Norton 4
Research Summary
AI-generated summary
Sphere 3D (ANY) Chief Accounting Officer Reppas Norton Receives 30,000 RSUs
What Happened
Reppas Tiah Norton, Chief Accounting Officer of Sphere 3D Corp. (ANY), was granted 30,000 restricted stock units (RSUs) on June 8, 2026. The grant is reported as an acquisition at $0.00 (typical for RSU awards, no cash exchanged). The RSUs represent contingent rights to receive one common share per RSU when they vest.
Key Details
- Transaction date and type: June 8, 2026 — Award/Grant of 30,000 RSUs (code A); reported acquisition price $0.00.
- Vesting schedule: 4 equal installments vesting on Dec 1, 2026; Jun 1, 2027; Dec 1, 2027; and Jun 1, 2028.
- Acceleration: Full acceleration of vesting upon a defined "Vesting Event" (change in control or dissolution/liquidation/wind-up).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing timeliness: Form 4 filed June 10, 2026 for a June 8 transaction (filed timely under the usual two-business-day rule).
Context
RSUs are a form of equity compensation; they do not represent immediate share ownership until they vest and convert into common shares. This grant is compensation-related rather than an open-market purchase or sale, so it reflects corporate pay/retention practices rather than an independent investment decision by the insider.