Sphere 3D (ANY) grants 74,074 RSUs to director Timothy P. Hanley
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanley Timothy P. reported acquisition or exercise transactions in this Form 4 filing.
Sphere 3D Corp. director Timothy P. Hanley reported receiving a grant of 74,074 restricted stock units (RSUs) on March 4, 2026. Each RSU represents a contingent right to receive one share of Sphere 3D common stock at no purchase price.
After this award, Hanley directly holds 86,704 RSUs in total. This includes 12,630 RSUs that are scheduled to vest in full on May 29, 2026. The previously granted RSUs have been adjusted to reflect Sphere 3D’s 1-for-10 reverse stock split that became effective on February 9, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hanley Timothy P.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 74,074 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 86,704 shares (Direct)
Footnotes (1)
- Each RSU represents a contingent right to receive one share of Sphere 3D Corp. common stock. In addition to the 3/4/2026 RSU, the RSUs reported under Column 9 also include a RSU for 12,630 shares which vest in full on May 29, 2026. The RSU has been adjusted to reflect the issuer's 1 for 10 reverse stock split effective February 9, 2026.
FAQ
What did Sphere 3D (ANY) director Timothy P. Hanley report in this Form 4?
Director Timothy P. Hanley reported receiving a grant of 74,074 restricted stock units (RSUs) of Sphere 3D Corp. common stock. These RSUs were awarded on March 4, 2026 and increase his directly held RSU balance to a total of 86,704 units after the transaction.
What does each RSU reported by Sphere 3D (ANY) represent?
Each RSU reported represents a contingent right to receive one share of Sphere 3D Corp. common stock. This means Hanley will receive actual common shares when the RSUs vest, rather than paying a purchase price upfront, aligning his interests with future company performance and service.
How many Sphere 3D (ANY) RSUs does Timothy P. Hanley hold after this grant?
Following the March 4, 2026 grant, Timothy P. Hanley directly holds 86,704 restricted stock units of Sphere 3D Corp. This total includes both the newly granted 74,074 RSUs and previously awarded RSUs that remain outstanding and have not yet settled into common shares.
When do some of Timothy P. Hanley’s Sphere 3D (ANY) RSUs vest?
Within Hanley’s total RSU holdings, 12,630 restricted stock units are scheduled to vest in full on May 29, 2026. Once these RSUs vest, they convert into an equivalent number of Sphere 3D Corp. common shares, assuming all vesting conditions are satisfied at that time.
How did Sphere 3D’s reverse stock split affect the RSUs reported in this Form 4?
The RSUs previously granted to Timothy P. Hanley were adjusted to reflect Sphere 3D’s 1-for-10 reverse stock split effective February 9, 2026. This adjustment changed the number of RSUs proportionally so that their economic value remained consistent after the share consolidation.
Was there a purchase price for the Sphere 3D (ANY) RSUs granted to Timothy P. Hanley?
The RSU grant to Timothy P. Hanley shows a price per unit of $0.0000, indicating no cash purchase price for the award. RSUs are typically granted as part of director compensation, delivering value when they vest into actual common shares in the future.