Sphere 3D CEO exercises 8,985 RSUs into shares
Sphere 3D Corp. CEO and CFO Kurt L. Kalbfleisch reported the vesting and conversion of 8,985 Restricted Stock Units (RSUs) into an equal number of common shares at a price of $0.00 per share.
Rhea-AI Filing Summary
Sphere 3D Corp. CEO and CFO Kurt L. Kalbfleisch reported the vesting and conversion of 8,985 Restricted Stock Units (RSUs) into an equal number of common shares at a price of $0.00 per share. Following this derivative exercise, he directly holds 73,440 common shares.
The filing also shows 220,312 RSUs outstanding across three awards, with portions scheduled to vest on June 1, June 30, September 30 and December 31, 2026. In addition, 215 common shares are reported as indirectly held through his son and 215 common shares through his daughter.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,985 shares exercised/converted
Exercise
4 txns
Insider
Kalbfleisch Kurt L.
Role
CEO and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 8,985 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,985 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 220,312 contracts (Direct);
Common Stock — 73,440 shares (Direct);
Common Stock — 215 shares (Indirect, By Daughter);
Common Stock — 215 shares (Indirect, By Son)
Footnotes (3)
- F1. Each RSU represents a contingent right to receive one share of Sphere 3D Corp. common stock.
- F2. These shares vested on March 31, 2026.
- F3. The RSUs reported under Column 9 include three awards. The underlying outstanding shares and vesting schedules are as follows: (i) 23,437 outstanding shares of which 7,813 vests on June 30, 2026 and 7,812 vests on September 30, 2026 and Dec 31, 2026; (ii) 46,875 shares outstanding of which 9,375 shares vest quarterly from June 1, 2026 until June 1, 2027; and (iii) 150,000 shares outstanding which vest in full on June 1, 2026.
Key Figures
RSUs exercised: 8,985 shares
Direct common shares after transaction: 73,440 shares
Outstanding RSUs: 220,312 units
+5 more
8 metrics
RSUs exercised
8,985 shares
Restricted Stock Units converted to common stock at $0.00 per share
Direct common shares after transaction
73,440 shares
Common Stock held directly by Kurt L. Kalbfleisch following RSU conversion
Outstanding RSUs
220,312 units
Total RSUs outstanding across three awards after the transaction
RSU award (i)
23,437 units
7,813 vest on June 30, 2026; 7,812 vest on September 30 and December 31, 2026
RSU award (ii)
46,875 units
9,375 shares vest quarterly from June 1, 2026 until June 1, 2027
RSU award (iii)
150,000 units
Vest in full on June 1, 2026
Indirect shares via son
215 shares
Common Stock held indirectly, nature of ownership ‘By Son’
Indirect shares via daughter
215 shares
Common Stock held indirectly, nature of ownership ‘By Daughter’
Key Terms
Restricted Stock Unit (RSU), derivative exercise/conversion, indirect ownership, vesting schedules
4 terms
Restricted Stock Unit (RSU) financial
"security_title: "Restricted Stock Unit (RSU)" and footnote "Each RSU represents a contingent right to receive one share""
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 exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for RSU-to-common stock transaction"
indirect ownership financial
"direct_or_indirect: "I" with nature_of_ownership "By Son" and "By Daughter""
vesting schedules financial
"footnote: "vesting schedules are as follows" describing multiple RSU vesting dates"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sphere 3D Corp. (ANY) CEO Kurt Kalbfleisch report in this Form 4?
Kurt L. Kalbfleisch reported the exercise of 8,985 Restricted Stock Units into 8,985 Sphere 3D Corp. common shares at $0.00 per share. This reflects routine equity compensation vesting rather than an open-market stock purchase or sale.
How many Restricted Stock Units does the Sphere 3D Corp. CEO still have outstanding?
The filing shows 220,312 Restricted Stock Units outstanding for Kurt Kalbfleisch. These RSUs are split across three awards with specific scheduled vesting dates in 2026, including quarterly vesting and one award that vests in full on June 1, 2026.
When did the reported Sphere 3D Corp. RSUs vest for the CEO?
The RSUs associated with this Form 4 vested on March 31, 2026. Upon vesting, 8,985 Restricted Stock Units converted into an equal number of common shares, which is reflected as a derivative exercise at a price of $0.00 per share.
Does this Sphere 3D Corp. Form 4 show any insider stock sales or purchases?
The Form 4 does not show any open-market stock purchases or sales. It reports a derivative exercise where 8,985 RSUs converted into common shares and provides updated totals for the CEO’s direct, indirect, and RSU holdings in Sphere 3D Corp.
AI-generated analysis. How Rhea-AI works. Not financial advice.
