Sphere 3D (NASDAQ: ANY) CEO Joel Block receives 500,000 RSU equity grant

Rhea-AI Filing Summary

Block Joel M reported acquisition or exercise transactions in this Form 4 filing.

Sphere 3D Corp. director and Chief Executive Officer Joel M. Block reported an equity compensation grant. He received 500,000 restricted stock units, each representing a contingent right to receive one common share, at a stated price of $0.00 per unit.

The RSUs vest in four equal installments on December 1, 2026, June 1, 2027, December 1, 2027 and June 1, 2028 under the company’s equity plan. Vesting is subject to continued service, with full acceleration if a defined Vesting Event occurs, such as certain change in control events or a dissolution, liquidation or wind-up of the company.

Following this award, Block directly holds 862,810 common shares. Because the grant is a stock-based award rather than an open-market purchase or sale, it functions as compensation and does not, by itself, signal a change in market sentiment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Block Joel M

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	500,000	$0.00	--

Holdings After Transaction: Common Shares — 862,810 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 500,000 RSUs RSU grant price: $0.00 per unit Holdings after grant: 862,810 common shares +2 more

5 metrics

RSU grant size 500,000 RSUs Inducement grant to CEO Joel M. Block on June 8, 2026

RSU grant price $0.00 per unit Stated price per restricted stock unit in award

Holdings after grant 862,810 common shares Direct ownership reported following transaction

First vesting date December 1, 2026 First of four equal RSU vesting installments

Final vesting date June 1, 2028 Last of four equal RSU vesting installments

Key Terms

restricted stock units, Vesting Event, Change in Control Vesting Event, equity plan

4 terms

restricted stock units financial

"Represents an inducement grant of 500,000 restricted stock units ("RSUs"), each representing a contingent right to receive one common share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Vesting Event financial

"subject to full acceleration upon the occurrence of a Vesting Event"

Change in Control Vesting Event financial

"A "Vesting Event" means: (i) a Change in Control Vesting Event (as defined in the reporting person's RSU Award Agreement)"

equity plan financial

"and are generally subject to the terms of the Issuer's equity plan"

An equity plan is a company program that gives employees, executives or directors a stake in the business through stock, stock options or similar ownership awards, like handing out slices of a pie to people who help bake it. It matters to investors because these grants can motivate key personnel and align their interests with shareholders, but they also increase the number of shares over time and can dilute existing ownership and affect reported earnings.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Block Joel M

(Last) (First) (Middle)

C/O SPHERE 3D CORP.

243 TRESSER BLVD., 17TH FLOOR

(Street)

STAMFORD CONNECTICUT 06901

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sphere 3D Corp. [ ANY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/08/2026		A		500,000(1)	A	$0	862,810	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an inducement grant of 500,000 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 and are generally subject to the terms of the Issuer's equity plan. The RSUs will vest in four equal installments on December 1, 2026, June 1, 2027, December 1, 2027 and June 1, 2028, 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.

	/s/ Joel M Block	06/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Sphere 3D (ANY) CEO Joel M. Block report in this Form 4?

Joel M. Block reported an equity compensation grant of 500,000 restricted stock units. Each RSU represents a contingent right to receive one common share, awarded at a stated price of $0.00 per unit as part of his compensation package.

How many Sphere 3D (ANY) shares does Joel M. Block hold after this RSU grant?

After the reported RSU award, Joel M. Block directly holds 862,810 common shares of Sphere 3D Corp. This figure reflects his direct ownership reported in the Form 4 following the grant, giving investors a view of his current equity stake.

How do the 500,000 RSUs for Sphere 3D (ANY) CEO vest over time?

The 500,000 RSUs vest in four equal installments. Vesting dates are December 1, 2026, June 1, 2027, December 1, 2027 and June 1, 2028, subject to the terms of the company’s equity plan and continued service requirements.

What could accelerate vesting of Joel M. Block’s Sphere 3D (ANY) RSUs?

The RSUs fully accelerate upon a defined Vesting Event. A Vesting Event means either a Change in Control Vesting Event, as defined in his RSU Award Agreement, or a dissolution, liquidation or wind-up of Sphere 3D Corp., triggering earlier vesting.

Is Joel M. Block’s Sphere 3D (ANY) RSU grant an open-market stock purchase?

No, the RSU grant is not an open-market purchase. It is a compensation award with a stated price of $0.00 per unit, granting a contingent right to receive shares over time, rather than shares bought on the public market.

What type of transaction code was used for the Sphere 3D (ANY) CEO’s grant?

The transaction used code "A," indicating a grant, award or other acquisition. This aligns with the 500,000 RSUs being issued as an inducement equity award rather than a discretionary market trade by the CEO.