Trustee Thomas Masiero reports 513,741 Sphere 3D shares (ANY)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Sphere 3D Corp. trustee Thomas Masiero reports beneficial ownership of 513,741 Common Shares, representing 6.70% of the class based on 7,639,893 Common Shares outstanding as of June 19, 2026. The total includes 4,636 shares held directly and holdings through three trusts: Kingdom First Trust (2,066), Thy Kingdom Trust (470,135) and Poimen Trust (36,904). Mr. Masiero is trustee with voting and dispositive power over the trust shares; the filing states he does not maintain a pecuniary interest in shares held by those trusts. The shares were received in exchange for Mr. Masiero's Cathedra Bitcoin Inc. shares following the completed acquisition by Sphere 3D Corp.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 513,741 shares
Percent of class: 6.70%
Shares outstanding: 7,639,893 shares
+4 more
7 metrics
Beneficial ownership
513,741 shares
aggregate holdings reported by Thomas Masiero
Percent of class
6.70%
based on 7,639,893 Common Shares outstanding as of June 19, 2026
Shares outstanding
7,639,893 shares
outstanding as of <date>June 19, 2026</date> (issuer-provided)
Direct holdings
4,636 shares
held directly by Thomas Masiero
Thy Kingdom Trust holdings
470,135 shares
held by Thy Kingdom Trust
Poimen Trust holdings
36,904 shares
held by Poimen Trust
Kingdom First Trust holdings
2,066 shares
held by Kingdom First Trust
Key Terms
beneficially own, sole/shared voting power, trustee, dispositive power
4 terms
beneficially own regulatory
"Mr. Masiero may be deemed to beneficially own an aggregate of 513,741 Common Shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
trustee legal
"Mr. Masiero is a trustee, and has voting and dispositive control over the Common Shares held"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
dispositive power regulatory
"Sole power to dispose or to direct the disposition of: 4,636 | Shared power to dispose or to direct the disposition of: 509,105"
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.