Sphere 3D (ANY) Chief Accounting Officer awarded 50,000 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reppas Tiah Norton reported acquisition or exercise transactions in this Form 4 filing.
Sphere 3D Corp. reported that its Chief Accounting Officer, Tiah Norton Reppas, received a grant of 50,000 Restricted Stock Units (RSUs) on March 4, 2026. Each RSU represents a contingent right to receive one share of Sphere 3D common stock.
After this award, the officer directly holds 106,250 RSUs, reflecting this and prior grants. Footnote disclosure explains that earlier RSU awards totaling 6,250 and 50,000 underlying shares vest in quarterly installments into 2027 and were adjusted for a 1-for-10 reverse stock split effective February 9, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reppas Tiah Norton
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 50,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 106,250 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 two additional awards. The underlying outstanding shares and vesting schedules are as follows: (i) 6,250 shares outstanding of which 1,250 shares vested on March 1, 2026 and the remaining shares vest quarterly until March 1, 2027; and (ii) 50,000 outstanding shares of which 15,000 shares vested on March 1, 2026 and the remaining shares vest quarterly until 12/1/2027. These RSUs have been adjusted to reflect the issuer's 1 for 10 reverse stock split effective February 9, 2026.
FAQ
What insider transaction did Sphere 3D Corp. (ANY) disclose on this Form 4?
Sphere 3D Corp. disclosed that Chief Accounting Officer Tiah Norton Reppas received a grant of 50,000 Restricted Stock Units. These RSUs are an equity-based compensation award, each representing a contingent right to receive one share of Sphere 3D common stock in the future.
How many Sphere 3D (ANY) RSUs does the officer hold after this grant?
After the March 4, 2026 grant, the officer directly holds 106,250 Restricted Stock Units. This figure includes the new 50,000-unit award and prior RSU grants, as reported in the post-transaction holdings column of the Form 4 filing.
What does each Sphere 3D (ANY) Restricted Stock Unit represent?
Each Restricted Stock Unit reported represents a contingent right to receive one share of Sphere 3D Corp. common stock. The units typically convert into shares upon satisfying vesting conditions, aligning the officer’s compensation with the company’s equity over time.
How do the earlier Sphere 3D (ANY) RSU awards for the officer vest?
Earlier RSU awards include 6,250 underlying shares, vesting quarterly until March 1, 2027, and 50,000 underlying shares, vesting quarterly until December 1, 2027. Portions of both awards had already vested by March 1, 2026, with remaining tranches vesting over time.
How did Sphere 3D’s reverse stock split affect the officer’s RSUs?
The Form 4 states that the officer’s RSUs were adjusted to reflect Sphere 3D’s 1-for-10 reverse stock split effective February 9, 2026. This adjustment changed the number of RSUs outstanding while maintaining the same proportional ownership and economic interest for the holder.
Is the Sphere 3D (ANY) Form 4 transaction a purchase or a grant?
The Form 4 describes the transaction as a grant or award acquisition of 50,000 Restricted Stock Units, reported with transaction code “A.” It is compensation-based rather than an open-market stock purchase, and the price per unit is listed as zero.