Sphere 3D (ANY) CFO Kurt Kalbfleisch Converts and Disposes 17,188 Shares

What Happened

• Kurt L. Kalbfleisch, Chief Financial Officer of Sphere 3D Corp. (ANY), had 17,188 restricted stock units (RSUs) converted into common shares on September 2, 2026 and the filing also reports a contemporaneous disposition of 17,188 shares. Both the acquisition and disposition are reported at $0.00 on the Form 4 (no cash consideration reported).

Key Details

• Transaction date: September 2, 2026; Form 4 filed September 4, 2026 (timely filing).
• Reported transactions: Exercise/conversion of derivative (code M) — 17,188 shares acquired @ $0.00; 17,188 shares disposed @ $0.00.
• Shares owned after transaction: Not specified in the reported lines of this filing.
• Relevant footnotes:
  • F1: Each RSU converts to one share of Sphere 3D common stock.
  • F2: The RSUs vested June 30, 2026 (7,813) and Sept 1, 2026 (9,375) but were not settled/delivered until Sept 2, 2026.
  • F3: Additional outstanding RSU awards and future vesting schedules are disclosed (see footnote for schedules).
• No sale price or cash proceeds are listed on the Form 4 for the reported disposition.

Context

• This was a derivative conversion of RSUs into shares (reported as code M). The filing shows both acquisition and disposition on the same date; the $0.00 reporting indicates no cash amount was reported on the Form 4, but the form does not explain the economic detail (e.g., net share settlement, withholding, or sale proceeds).
• Such conversions and same-day dispositions are commonly administrative (settlement, tax withholding, or share transfers) rather than open-market purchases or sales signaling a change in investment view.