Reppas Tiah Norton 4
4 · Sphere 3D Corp. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Sphere 3D (ANY) CAO Reppas Norton Sells 6,250 Shares
What Happened
Reppas Tiah Norton, Chief Accounting Officer of Sphere 3D Corp. (ANY), had 16,250 derivative awards converted into common shares on March 11, 2026 (reported as exercise/conversion of RSUs). Following the vesting/release, Norton sold 6,250 shares in an open-market transaction on March 12, 2026 at $1.61 per share for proceeds of $10,063. The sale was executed to satisfy the issuer’s tax withholding obligations related to the vested RSUs.
Key Details
- Transaction dates: Mar 11, 2026 (conversion/exercise of 16,250 RSU-derived shares); Mar 12, 2026 (open-market sale of 6,250 shares).
- Sale price: $1.61 per share; total proceeds reported $10,063.
- Post-transaction holdings: Reporting person retains outstanding RSU awards totaling 90,000 underlying shares (see vesting schedule below); consult the Form 4 for the exact common-share balance after these transactions.
- Notable footnotes: (F2) the sale was to satisfy tax withholding on RSU release; (F1) each RSU converts to one common share; (F3) all share figures reflect a 1-for-10 reverse split effective Feb 9, 2026.
- Filing timeliness: Report filed Mar 13, 2026 for transactions on Mar 11–12, 2026 (appears timely).
Context
- The March 11 entries reflect conversion/release of RSUs (derivative exercise/conversion, code M). The March 12 sale is a routine cashless-type sale to cover tax withholding (not an independent investment-sale signal).
- Vesting schedule for outstanding RSUs reported: (i) 5,000 outstanding — 1,250 vest quarterly from Jun 1, 2026 to Mar 1, 2027; (ii) 35,000 outstanding — 5,000 vest quarterly from Jun 1, 2026 to Dec 1, 2027; (iii) 50,000 outstanding — vests in full on Mar 4, 2027.
- These transactions reflect standard post-vesting tax withholding activity rather than an opportunistic open-market divestiture.
Insider Transaction Report
Form 4
Reppas Tiah Norton
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-11+16,250→ 18,634 total - Sale
Common Stock
[F2][F3]2026-03-12$1.61/sh−6,250$10,063→ 12,384 total - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F4]2026-03-11−16,250→ 90,000 totalFrom: 2026-03-01Exp: 2026-03-01→ Common Stock (16,250 underlying)
Footnotes (4)
- [F1]Each RSU represents a contingent right to receive one share of Sphere 3D Corp. common stock.
- [F2]This transaction represents the sale of shares by the reporting person to satisfy the issuer's tax withholding obligations in connection with the release of vested RSUs on March 11, 2026.
- [F3]The common share balance has been adjusted to reflect the issuer's 1 for 10 reverse stock split effective February 9, 2026.
- [F4]The RSUs reported under Column 9 include three awards. The underlying outstanding shares and vesting schedules are as follows: (i) 5,000 shares outstanding of which 1,250 shares vest quarterly from June 1, 2026 until March 1, 2027; (ii) 35,000 outstanding shares of which 5,000 shares vest quarterly from June 1, 2026 until December 1, 2027; and (iii) 50,000 outstanding shares which vest in full on March 4, 2027.
Signature
By: Denise Garrett For: Tiah Reppas|2026-03-13