Does the Sphere 3D (ANY) Form 4 show any insider share sales or open-market buys?

The Form 4 shows derivative exercises coded as “M” and described as exercises or conversions of derivative securities. It does not report any open-market purchases or sales, only the RSU conversion into common shares.

Sphere 3D (ANY) director exercises 12,630 RSUs into common stock

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sphere 3D Corp. director Timothy P. Hanley exercised derivative awards into common stock. On May 29, 2026, he exercised 12,630 Restricted Stock Units, each converting into one share of Sphere 3D common stock at a conversion price of $0.00 per share.

Following the transaction, Hanley directly owns 32,601 shares of common stock and 74,074 Restricted Stock Units, which represent rights to receive the same number of shares in the future. The filing shows an exercise of awards rather than an open-market purchase or sale.

Insider Trade Summary

12,630 shares exercised/converted

Mixed 2 txns

Insider Hanley Timothy P.

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit (RSU)	12,630	$0.00	--
Exercise	Common Stock	12,630	$0.00	--

Holdings After Transaction: Restricted Stock Unit (RSU) — 74,074 shares (Direct, null); Common Stock — 32,601 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSUs exercised: 12,630 units Conversion price: $0.00 per share Common shares after transaction: 32,601 shares +2 more

5 metrics

RSUs exercised 12,630 units RSUs converted to common stock on May 29, 2026

Conversion price $0.00 per share Exercise of Restricted Stock Units into common stock

Common shares after transaction 32,601 shares Direct non-derivative holdings following Form 4 transaction

RSUs remaining after transaction 74,074 units Derivative holdings representing future rights to common shares

Exercise transactions 1 derivative exercise Form 4 transaction summary exerciseCount

Key Terms

Restricted Stock Unit (RSU), derivative security, Form 4, contingent right

4 terms

Restricted Stock Unit (RSU) financial

"The security title is listed as "Restricted Stock Unit (RSU)" in the transaction data."

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

derivative security financial

"Transaction code description states "Exercise or conversion of derivative security"."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) describes the reported insider transactions."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

contingent right financial

"Footnote explains each RSU represents a contingent right to receive one share."

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Form 4 Insider Transactions: What Each Field Means →

05/29/2026 - 05:01 PM

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/29/2026		M		12,630	A	⁽¹⁾	32,601	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit (RSU)	⁽¹⁾	05/29/2026		M			12,630	05/29/2026	05/29/2026	Common Stock	12,630	⁽¹⁾	74,074	D

Explanation of Responses:

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

	Denise Garrett For: Timothy Hanley	05/29/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sphere 3D (ANY) director Timothy P. Hanley report?

Timothy P. Hanley reported exercising 12,630 Restricted Stock Units into Sphere 3D common shares. This is a derivative exercise at a $0.00 conversion price, reflecting compensation vesting rather than an open-market stock purchase or sale.

How many Sphere 3D (ANY) common shares does Timothy P. Hanley hold after this Form 4?

After the reported transactions, Timothy P. Hanley directly owns 32,601 shares of Sphere 3D common stock. This figure comes from the Form 4’s post-transaction ownership field for his non-derivative holdings.

What are the details of the RSU exercise reported for Sphere 3D (ANY)?

Hanley exercised 12,630 Restricted Stock Units, each converting into one Sphere 3D common share at a $0.00 conversion price on May 29, 2026. The RSUs were derivative securities that settled in common stock upon exercise.

How many Restricted Stock Units does Timothy P. Hanley still hold in Sphere 3D (ANY)?

Following the transaction, Hanley holds 74,074 Restricted Stock Units in Sphere 3D. Each RSU represents a contingent right to receive one share of common stock in the future, as described in the footnote.