Sphere 3D CFO exercises RSUs, pays taxes in shares
Sphere 3D Corp. CFO and director Kurt L. Kalbfleisch reported compensation-related share activity on June 1, 2026.
Rhea-AI Filing Summary
Sphere 3D Corp. CFO and director Kurt L. Kalbfleisch reported compensation-related share activity on June 1, 2026. He exercised 159,375 Restricted Stock Units (RSUs), receiving the same number of common shares.
To cover exercise price and tax obligations, 7,000 shares were delivered at $4.1473 per share and 50,000 shares at $3.0599 per share, both coded as tax-withholding dispositions rather than open-market sales. One entry shows his direct common share holdings at 175,815 shares following a tax-withholding transaction. Separate holding entries list 215 common shares held indirectly through his son and 215 common shares held indirectly through his daughter.
Positive
- None.
Negative
- None.
Insider Trade Summary
159,375 shares exercised/converted
Exercise
6 txns
Insider
Kalbfleisch Kurt L.
Role
CFO and Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 159,375 | $0.00 | $0.00 |
| Exercise | Common Shares | 159,375 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 50,000 | $3.0599 | $153K |
| Exercise Price or Tax Liability | Common Shares | 7,000 | $4.1473 | $29K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 60,937 contracts (Direct);
Common Shares — 175,815 shares (Direct);
Common Shares — 215 shares (Indirect, By Daughter);
Common Shares — 215 shares (Indirect, By Son)
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) 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 and (ii) 37,500 shares outstanding of which 9,375 shares vest quarterly from September 1, 2026 until June 1, 2027.
Key Figures
RSUs exercised: 159,375 units
Tax-withholding shares total: 57,000 shares
Tax-withholding lot 1: 7,000 shares at $4.1473
+5 more
8 metrics
RSUs exercised
159,375 units
RSUs converted to common shares on June 1, 2026
Tax-withholding shares total
57,000 shares
Shares delivered to satisfy tax and exercise obligations
Tax-withholding lot 1
7,000 shares at $4.1473
Non-derivative F-code disposition for tax withholding
Tax-withholding lot 2
50,000 shares at $3.0599
Non-derivative F-code disposition for tax withholding
Direct common shares
175,815 shares
Direct holdings after a 7,000-share tax-withholding entry
Indirect holdings by son
215 shares
Common shares held indirectly through son
Indirect holdings by daughter
215 shares
Common shares held indirectly through daughter
Remaining RSUs
60,937 units
RSUs outstanding after June 1, 2026 vesting
Key Terms
Restricted Stock Unit (RSU), tax withholding obligations, derivative security, indirect ownership, +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
"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"
derivative security financial
"transaction_code_description: 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.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: By Son / By Daughter"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sphere 3D (ANY) report for Kurt L. Kalbfleisch?
Sphere 3D reported that CFO and director Kurt L. Kalbfleisch exercised 159,375 RSUs into common shares on June 1, 2026. Related entries also show tax-withholding dispositions of shares used to satisfy exercise price and associated tax obligations tied to this vesting.
How many RSUs did Sphere 3D CFO Kurt Kalbfleisch vest and exercise?
Kurt Kalbfleisch exercised 159,375 Restricted Stock Units, receiving 159,375 common shares. A related RSU derivative entry shows this full amount converting, with 60,937 RSUs remaining outstanding afterward across two awards with future vesting dates disclosed in the footnotes.
How many RSUs remain outstanding for the Sphere 3D CFO after this vesting?
The RSU derivative line shows 60,937 RSUs remaining after the June 1, 2026 vesting. A footnote details two RSU awards, including 23,437 outstanding shares with tranches vesting through December 31, 2026, and 37,500 shares vesting quarterly from September 1, 2026 to June 1, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
