Gates Nicholas Ray 4

What Happened
Nicholas Ray Gates, a director of Sphere 3D Corp. (ticker: ANY), was granted 50,000 restricted stock units (RSUs) on June 8, 2026. The grant is reported as an acquisition at $0.00 per unit (no cash paid). Each RSU represents a contingent right to one common share; the RSUs will vest in full on June 1, 2027, unless accelerated by a specified Vesting Event.

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (timely filing).
• Grant: 50,000 RSUs reported as acquisition (price $0.00).
• Shares owned after transaction: not disclosed on the Form 4.
• Footnote: RSUs granted under the issuer’s equity plan; vest in full 2027-06-01 and fully accelerate upon a Vesting Event (change in control or dissolution/liquidation/wind-up).
• No sale or cash exchanged at grant; this is a compensation award (transaction code A).

Context
RSUs are a contingent right to receive shares upon vesting and are not immediately tradable stock. Director RSU grants are a common form of compensation and do not, by themselves, indicate insider buying or selling of underlying shares. The acceleration provision means the RSUs could convert to shares earlier if a qualifying corporate event occurs.