Insider Filing: ANY CEO/CFO Reports RSU Vesting and Share Sale

Rhea-AI Filing Summary

Kurt L. Kalbfleisch, Acting CEO and CFO of Sphere 3D Corp. (ticker ANY), reported changes in beneficial ownership on Form 4. On 09/03/2025 he received 195,201 Restricted Stock Units (RSUs) (code M) that convert into common stock, increasing his direct beneficial ownership to 550,380 shares. The filing also shows a sale (code F) of 85,010 common shares at $0.6069 per share, reducing direct holdings to 465,370 shares. Additionally, 2,142 shares are reported as indirectly owned by each of his daughter and son. The RSU disclosure notes multiple vesting events: 11,607 RSUs vested 6/20/2025, 89,844 vested 6/30/2025, and 93,750 vested 9/01/2025, and details three awards with specified quarterly vesting schedules through 6/01/2027. The Form is signed by Denise Garrett on behalf of Mr. Kalbfleisch on 09/05/2025.

Positive

• Received 195,201 RSUs (reported 09/03/2025) which are contingent rights to common stock
• Detailed vesting schedule provided with specific vested amounts on 6/20/2025, 6/30/2025 and 9/01/2025 and future quarterly vesting through 6/01/2027

Negative

• Sold 85,010 common shares on 09/03/2025 at $0.6069 per share, reducing direct holdings to 465,370

Insights

Financial Analyst

TL;DR: Insider reported significant RSU vesting plus a contemporaneous share sale; net direct holdings remain material.

The filing documents receipt of 195,201 RSUs that increase direct beneficial ownership to 550,380 shares, while a sale of 85,010 shares at $0.6069 reduced direct holdings to 465,370. The RSU schedule shows staged vesting through mid-2027, indicating future incremental share issuances as RSUs convert. For investors, these entries change outstanding insider ownership levels and timing of potential share supply into the market. The data are transactional and do not include company performance metrics.

Corporate Governance Expert

TL;DR: CEO/CFO reported standard equity compensation vesting and an open-market disposition; disclosure appears complete.

The Form 4 lists vested RSUs with explicit vesting dates and schedules, and a reported disposition with price, satisfying Section 16 reporting elements. Indirect ownership via family members is disclosed (2,142 shares each). The signature block shows the filing was executed by an authorized representative. No amendment date or additional qualifiers are present. This filing documents routine insider equity activity rather than governance changes.

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
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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^*

Kalbfleisch Kurt L.

(Last) (First) (Middle)

C/O SPHERE 3D CORP.

243 TRESSER BLVD., 17TH FLOOR

(Street)

STAMFORD CT 06901

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Acting CEO and CFO

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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

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

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

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 Stock	09/03/2025		M		195,201	A	(1)	550,380	D
Common Stock	09/03/2025		F		85,010	D	$0.6069	465,370	D
Common Stock								2,142	I	By Daughter
Common Stock								2,142	I	By Son

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
Restricted Stock Unit (RSU)	(1)	09/03/2025		M			195,201	(2)	(2)	Common Stock	195,201	(1)	1,160,155(3)	D

Explanation of Responses:

1. Each RSU represents a contingent right to receive one share of Sphere 3D Corp. common stock.

2. 11,607 RSUs vested on June 20, 2025, 89,844 RSUs vested on June 30, 2025 and 93,750 RSUs vested on September 1, 2025.

3. The RSUs reported under Column 9 include three awards. The underlying shares and vesting schedules are as follows: (i) 78,125 shares vest each quarter beginning 9/30/2025 until 12/31/2026; (ii) 11,719 shares vest each quarter beginning 9/30/2025 until 12/31/2025 and 11,717 shares vest on 3/31/2026; and (iii) 93,750 shares vest each quarter from 12/1/2025 until 6/1/2027.

	By: Denise Garrett For: Kurt Kalbfleisch	09/05/2025
	** 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.

FAQ

What transactions did Kurt L. Kalbfleisch report on the Form 4 for ANY?

The Form 4 reports acquisition of 195,201 RSUs (09/03/2025) and a sale of 85,010 common shares (09/03/2025) at $0.6069 per share.

How many shares does Mr. Kalbfleisch beneficially own after the reported transactions?

Following the reported transactions, Mr. Kalbfleisch directly beneficially owns 550,380 shares prior to the sale and 465,370 shares after the sale as shown in the filing.

What RSUs vested prior to or on the filing date?

The filing states 11,607 RSUs vested on 6/20/2025, 89,844 RSUs vested on 6/30/2025, and 93,750 RSUs vested on 9/01/2025.

Are any shares indirectly owned by family members disclosed?

Yes, the Form 4 reports 2,142 shares indirectly owned by his daughter and 2,142 shares indirectly owned by his son.

Who signed the Form 4 and when was it filed?

The Form 4 is signed by Denise Garrett on behalf of Kurt Kalbfleisch on 09/05/2025.