STOCK TITAN

Sphere 3D (ANY) grants 74,074 RSUs to director Timothy P. Hanley

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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 CT 06901

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (RSU) (1) 03/04/2026 A 74,074 03/04/2027 03/04/2027 Common Stock 74,074 (1) 86,704(2) D
Explanation of Responses:
1. Each RSU represents a contingent right to receive one share of Sphere 3D Corp. common stock.
2. 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.
Denise Garrett For: Timothy Hanley 03/09/2026
** 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.

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.