Sphere 3D (ANY) Director Nicholas Gates Buys 133,333 Shares

What Happened
Nicholas Ray Gates, a director of Sphere 3D Corp. (ANY), agreed on Sept. 8, 2026 to acquire 133,333 common shares at $3.00 per share for a total of $399,999 in a private placement. In the same transaction he also acquired 133,333 derivative instruments (warrants) that accompany the purchased shares; the filing lists the derivative price as N/A because the warrants were bundled with the share purchase.

Key Details

• Transaction date: 2026-09-08; Form 4 filed 2026-09-10 (appears timely).
• Purchase: 133,333 common shares @ $3.00 = $399,999.
• Derivative: 133,333 warrants (reported as a derivative acquisition with price N/A); footnote states each warrant accompanies one common share.
• Footnotes: The purchase is via a private placement under a securities purchase agreement and is exempt from Section 16(b) per Rule 16b-3(d)(1). The private placement was expected to close on Sept. 11, 2026. The $3.00 payment covered each common share and its accompanying warrant. The reported holdings figure after the transaction is not provided in the excerpt.
• Transaction code: A = Award/Grant/Other acquisition (reported as acquisition).

Context
This was a direct purchase in a private placement (not an open-market trade). Purchases by insiders can be interpreted as a sign of personal investment, but the filing is factual only: it discloses the size, price and that warrants were included. The derivative entry represents warrants bundled with the share purchase rather than an option exercise or separate cashless sale.