Sphere 3D (NASDAQ: ANY) director converts 74,074 RSUs into common shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sphere 3D Corp. director Sue Harnett exercised restricted stock units into common shares. On June 1, 2026, she converted 74,074 RSUs, each representing one common share of Sphere 3D Corp., into the same number of common shares at a stated price of $0.00 per share.

Following this derivative exercise, Harnett directly holds 106,675 common shares of the company. The RSU position reported in this filing was fully converted, with no remaining RSUs shown after the transaction. This is a compensation-related equity conversion rather than an open-market purchase or sale.

Insider Trade Summary

74,074 shares exercised/converted

Mixed 2 txns

Insider Harnett Sue

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit (RSU)	74,074	$0.00	--
Exercise	Common Shares	74,074	$0.00	--

Holdings After Transaction: Restricted Stock Unit (RSU) — 0 shares (Direct, null); Common Shares — 106,675 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs exercised: 74,074 units Common shares acquired: 74,074 shares Shares held after transaction: 106,675 shares +1 more

4 metrics

RSUs exercised 74,074 units Restricted Stock Units converted to common shares on June 1, 2026

Common shares acquired 74,074 shares Shares received upon RSU exercise on June 1, 2026

Shares held after transaction 106,675 shares Total direct common share holdings following RSU conversion

Exercise price per share $0.00 per share Stated transaction price for RSU conversion into common shares

Key Terms

Restricted Stock Unit (RSU), derivative security, Common Shares

3 terms

Restricted Stock Unit (RSU) financial

"Restricted Stock Unit (RSU)"

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.

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.

Common Shares financial

"security_title: Common Shares"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 04:17 PM

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^*

Harnett Sue

(Last)

(First)

(Middle)

C/O SPHERE 3D CORP.

243 TRESSER BLVD., 17TH FLOOR

(Street)

STAMFORD

CONNECTICUT

06901

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	06/01/2026		M		74,074	A	⁽¹⁾	106,675	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit (RSU)	⁽¹⁾	06/01/2026		M			74,074	06/01/2026	06/01/2026	Common Shares	74,074	⁽¹⁾	0	D

Explanation of Responses:

1. Each RSU represents a contingent right to receive one common share of Sphere 3D Corp.

	/s/ Sue Harnett	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Sphere 3D (ANY) director Sue Harnett report in this Form 4?

Sue Harnett reported exercising restricted stock units into common shares of Sphere 3D Corp. On June 1, 2026, she converted 74,074 RSUs into the same number of common shares in a compensation-related equity transaction, not an open-market trade.

How many Sphere 3D (ANY) shares did Sue Harnett acquire in this transaction?

She acquired 74,074 common shares by exercising restricted stock units. Each RSU represented a contingent right to receive one common share of Sphere 3D Corp., and all 74,074 units were converted on June 1, 2026, according to the filing.

What are restricted stock units (RSUs) in the Sphere 3D (ANY) Form 4?

The filing states each RSU represents a contingent right to receive one common share of Sphere 3D Corp. In this case, 74,074 RSUs were exercised and converted into 74,074 common shares, reflecting the equity component of director compensation, not a market purchase.

How many Sphere 3D (ANY) shares does Sue Harnett own after the reported transaction?

After the transaction, Sue Harnett directly owns 106,675 common shares of Sphere 3D Corp. This total reflects her holdings following the June 1, 2026 RSU exercise and conversion detailed in the Form 4 insider trading report.

Was there any open-market buying or selling in this Sphere 3D (ANY) Form 4?

No open-market buying or selling is reported. The Form 4 shows an M-code transaction, describing an exercise or conversion of a derivative security, where 74,074 RSUs were converted into common shares as part of equity compensation, not a market trade.