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Sphere 3D (ANY) director gets 50,000 RSU equity award vesting in 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  1. [object Object]
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
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)"
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SEC Form 4
FORM 4UNITED 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*
Hanley Timothy P.

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares06/08/2026A50,000(1)A$082,601D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents a grant of 50,000 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 pursuant to the Issuer's equity plan. The RSUs will vest in full on June 1, 2027, 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/ Timothy Hanley06/10/2026
** Signature of Reporting PersonDate
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) 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.

Did Timothy P. Hanley pay anything per share for this Sphere 3D (ANY) RSU grant?

The reported transaction price per share is $0.0000, indicating this was a compensation-related equity award rather than a market purchase. RSU grants typically reflect part of a director’s non-cash compensation package.

How many Sphere 3D (ANY) shares does Timothy P. Hanley hold after this RSU grant?

After the reported grant, Timothy P. Hanley’s direct holdings are 82,601 common shares. This figure reflects his position following the award, separate from the RSUs that will vest in the future.