Sphere 3D (ANY) director gets 50,000 RSU equity award vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanley Timothy P. reported acquisition or exercise transactions in this Form 4 filing.
Sphere 3D Corp. director Timothy P. Hanley received an equity grant of 50,000 restricted stock units (RSUs). Each RSU represents a contingent right to receive one common share under the company’s equity plan. The RSUs were granted on June 8, 2026 and will vest in full on June 1, 2027.
The award is subject to full acceleration upon a defined Vesting Event, which includes certain change in control situations or a dissolution, liquidation, or wind-up of Sphere 3D Corp. Following this grant, Hanley’s reported direct holdings are 82,601 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hanley Timothy P.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 50,000 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 82,601 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 50,000 RSUs
Grant price per share: $0.0000 per share
Shares held after grant: 82,601 common shares
+1 more
4 metrics
RSU grant size
50,000 RSUs
Granted June 8, 2026 to director Timothy P. Hanley
Grant price per share
$0.0000 per share
Reported transaction price for RSU-related common shares
Shares held after grant
82,601 common shares
Direct holdings following the reported transaction
RSU vesting date
June 1, 2027
Scheduled full vesting date for 50,000 RSUs
Key Terms
restricted stock units ("RSUs"), Vesting Event, Change in Control Vesting Event
3 terms
restricted stock units ("RSUs") financial
"Represents a grant of 50,000 restricted stock units ("RSUs"), each representing a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Vesting Event financial
"The RSUs will vest in full on June 1, 2027, 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)"
FAQ
What did Sphere 3D (ANY) director Timothy P. Hanley receive in this Form 4?
Timothy P. Hanley received a grant of 50,000 restricted stock units (RSUs). Each RSU represents a contingent right to one Sphere 3D common share as part of the company’s equity compensation plan.
When do Timothy P. Hanley’s 50,000 Sphere 3D (ANY) RSUs vest?
The 50,000 RSUs granted to Timothy P. Hanley are scheduled to vest in full on June 1, 2027. Vesting converts the RSUs into common shares, assuming he satisfies the award’s service and other conditions.
Under what conditions can Hanley’s Sphere 3D (ANY) RSUs vest early?
The RSUs can fully accelerate upon a defined Vesting Event. This includes a Change in Control Vesting Event under Hanley’s RSU Award Agreement or a dissolution, liquidation, or wind-up of Sphere 3D Corp.