Sphere 3D (NASDAQ: ANY) CAO nets shares after RSU vesting
Rhea-AI Filing Summary
Sphere 3D Corp.’s Chief Accounting Officer, Reppas Tiah Norton, reported compensation-related equity activity involving restricted stock units (RSUs) and associated tax withholding.
Norton exercised 56,250 RSUs into common shares at a stated price of $0.00 per share. Separate entries show dispositions totaling 20,398 common shares delivered to satisfy the issuer’s tax withholding obligations tied to vested RSUs, rather than open‑market sales.
After the vesting event, Norton continues to hold RSU awards covering 33,750 restricted stock units, with 1,250 units vesting quarterly from September 1, 2026 through March 1, 2027, and 5,000 units vesting quarterly from September 1, 2026 through December 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 35,852 shares
Net Buy
5 txns
Insider
Reppas Tiah Norton
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 56,250 | $0.00 | $0.00 |
| Exercise | Common Shares | 56,250 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 10,200 | $4.41 | $45K |
| Exercise Price or Tax Liability | Common Shares | 1,498 | $4.035 | $6K |
| Exercise Price or Tax Liability | Common Shares | 8,700 | $4.25 | $37K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 33,750 shares (Direct);
Common Shares — 48,236 shares (Direct)
Footnotes (3)
- F1. Represents two awards of RSUs. Each RSU represents a contingent right to receive one common share of Sphere 3D Corp.
- F2. This transaction primarily represents the sale of shares by the reporting person to satisfy the issuer's tax withholding obligations in connection with the release of vested RSUs on June 1, 2026.
- F3. The RSUs reported under Column 9 include two awards. The underlying outstanding shares and vesting schedules are as follows: (i) 3,750 shares outstanding of which 1,250 shares vest quarterly from September 1, 2026 until March 1, 2027; (ii) 30,000 outstanding shares of which 5,000 shares vest quarterly from September 1, 2026 until December 1, 2027.
Key Figures
RSUs exercised: 56,250 units
Tax withholding shares: 20,398 shares
Transaction prices for tax withholding: $4.25, $4.035, $4.41 per share
+3 more
6 metrics
RSUs exercised
56,250 units
Converted into common shares on June 1, 2026
Tax withholding shares
20,398 shares
Common shares delivered for tax obligations on RSU vesting
Transaction prices for tax withholding
$4.25, $4.035, $4.41 per share
Per-share values on F-code dispositions of common shares
Remaining RSUs
33,750 units
Outstanding after reported transactions across two RSU awards
First RSU award
3,750 units
1,250 vest quarterly from Sept 1, 2026 to Mar 1, 2027
Second RSU award
30,000 units
5,000 vest quarterly from Sept 1, 2026 to Dec 1, 2027
Key Terms
Restricted Stock Unit (RSU), tax withholding obligations, Exercise or conversion of derivative security, contingent right, +1 more
5 terms
Restricted Stock Unit (RSU) financial
"Represents two awards of RSUs. Each RSU represents a contingent right to receive one common share of Sphere 3D Corp."
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.
tax withholding obligations financial
"sale of shares by the reporting person to satisfy the issuer's tax withholding obligations in connection with the release of vested RSUs"
Exercise or conversion of derivative security financial
"transaction code description: Exercise or conversion of derivative security"
contingent right financial
"Each RSU represents a contingent right to receive one common share of Sphere 3D Corp."
payment of exercise price or tax liability by delivering securities financial
"transaction code description: Payment of exercise price or tax liability by delivering securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sphere 3D (ANY) report for its Chief Accounting Officer?
Sphere 3D’s Chief Accounting Officer, Reppas Tiah Norton, exercised 56,250 restricted stock units into common shares. In connection with this vesting, 20,398 shares were delivered to cover the issuer’s tax withholding obligations, so the dispositions were not open-market sales but tax-related transfers.
How many RSUs did Sphere 3D’s CAO exercise and at what indicated price?
Reppas Tiah Norton exercised 56,250 restricted stock units into common shares at an indicated transaction price of $0.00 per share. This reflects the conversion of compensation awards, not a cash purchase, and increases common share ownership through the vesting of previously granted equity.
What RSU awards remain outstanding for Sphere 3D (ANY) Chief Accounting Officer?
Following the reported transactions, 33,750 RSUs remain outstanding across two awards. One covers 3,750 units, with 1,250 vesting quarterly from September 1, 2026 to March 1, 2027; another covers 30,000 units, with 5,000 vesting quarterly through December 1, 2027.
What is the vesting schedule of the remaining Sphere 3D CAO RSUs?
Remaining RSUs vest in defined quarterly tranches. For 3,750 units, 1,250 vest quarterly from September 1, 2026 through March 1, 2027. For 30,000 units, 5,000 vest quarterly from September 1, 2026 through December 1, 2027, providing ongoing equity-based compensation.