STOCK TITAN

Blockchain investor trims Sphere 3D (ANY) stake, plans talks

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Sphere 3D Corp. (ANY) is the subject of an amended Schedule 13D filed by Endeavor Blockchain, LLC and its managing member, Joshua Kilgore. They now report beneficial ownership of 300,000 common shares, representing 3.4% of the 8,704,816 shares outstanding as of August 11, 2026, with shared voting and dispositive power over all of these shares.

Endeavor Blockchain originally purchased 500,000 shares for an aggregate price of approximately $988,384 using working capital, including potential margin loans, in open‑market transactions. On August 24, 2026, the reporting persons sold 200,000 shares in the open market in the ordinary course of business, reducing their stake. They state that the investment was made because the shares were viewed as undervalued and that they may increase or decrease their position depending on market conditions and other opportunities. They also state an intention to engage with Sphere 3D’s management and board regarding opportunities for value creation, while expressly disclaiming beneficial ownership of any securities not held directly or through a wholly owned entity.

Positive

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Negative

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Shares beneficially owned 300,000 Shares Common shares of Sphere 3D Corp. currently reported as beneficially owned by each reporting person
Ownership percentage 3.4% Percentage of Sphere 3D common shares outstanding as of August 11, 2026, held by the reporting persons
Shares outstanding 8,704,816 Shares Sphere 3D common shares outstanding as of August 11, 2026, per Form 10-Q
Initial shares purchased 500,000 Shares Total Sphere 3D common shares initially purchased by Endeavor Blockchain
Aggregate purchase price $988,384 Total consideration for the initial 500,000 Sphere 3D shares, excluding brokerage commissions
Shares sold on August 24, 2026 200,000 Shares Sphere 3D common shares sold in open market transactions on August 24, 2026
Shared voting power 300,000 Shares Number of shares over which each reporting person has shared voting power
Shared dispositive power 300,000 Shares Number of shares over which each reporting person has shared dispositive power
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially owned financial
"The Reporting Persons own an aggregate of 300,000 Shares, representing 3.4% of the Shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
working capital financial
"purchased by Endeavor Blockchain were purchased with working capital (which may, at any given time, include margin loans"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
margin loans financial
"purchased with working capital (which may, at any given time, include margin loans made by brokerage firms"
Margin loans are loans from a brokerage that let an investor borrow money using their existing stocks, bonds or cash as collateral to buy more securities. They matter because borrowing magnifies both gains and losses—like using a lever to move a heavier load—so small market moves can have outsized effects on your returns; investors also pay interest and risk a margin call, where the broker may force sales if collateral falls below required levels.
Digital Asset mining infrastructure technical
"The principal business of Endeavor Blockchain is to invest in businesses that own and operate Digital Asset mining infrastructure"
dispositive power financial
"sole or shared power to dispose or to direct the disposition"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

What percentage of Sphere 3D Corp. (ANY) shares does Endeavor Blockchain now own?

Endeavor Blockchain and Joshua Kilgore report owning 300,000 Sphere 3D common shares, representing 3.4% of the 8,704,816 shares outstanding as of August 11, 2026, with shared voting and dispositive power over all of these shares.

How many Sphere 3D (ANY) shares did Endeavor Blockchain sell on August 24, 2026?

On August 24, 2026, the reporting persons sold 200,000 Sphere 3D common shares in the open market, in the ordinary course of business, reducing their position from 500,000 shares to 300,000 shares.

What was the original purchase cost of Endeavor Blockchain’s Sphere 3D (ANY) shares?

Endeavor Blockchain initially purchased 500,000 Sphere 3D common shares for an aggregate price of approximately $988,384, excluding brokerage commissions, using working capital that may have included margin loans.

What is the outstanding share count of Sphere 3D Corp. (ANY) used in this filing?

The reporting persons base their ownership percentage on 8,704,816 Sphere 3D common shares outstanding as of August 11, 2026, as reported in Sphere 3D’s Form 10-Q filed on August 14, 2026.

What are Endeavor Blockchain and Joshua Kilgore’s intentions regarding their investment in Sphere 3D (ANY)?

They state they bought the shares because they believed they were undervalued and may buy or sell more shares depending on market conditions and prices. They also intend to engage with management and the board about opportunities for value creation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





84841L506

(CUSIP Number)
Joshua Kilgore
5701 Euper Lane, Ste A,
Fort Smith, AR, 72903
479-420-8957


Cam C. Hoang
Dorsey & Whitney LLP, 50 S. Sixth Street, Suite 1500
Minneapolis, MN, 55402
(612) 492-6109

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/24/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Endeavor Blockchain, LLC
Signature:Joshua Kilgore
Name/Title:Managing Member
Date:08/26/2026
Joshua Kilgore
Signature:Joshua Kilgore
Name/Title:Individual
Date:08/26/2026