Patricia Trompeter - May 2, 2023 Form 4 Insider Report for Sphere 3D Corp. (ANY)

Role
CEO, Director
Signature
/s/ Denise Garrett For: Patricia Trompeter
Stock symbol
ANY
Transactions as of
May 2, 2023
Transactions value $
-$22,611
Form type
4
Date filed
5/4/2023, 04:05 PM
Previous filing
Mar 1, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANY Common Stock Options Exercise +150K +76.98% 345K May 2, 2023 Direct F1
transaction ANY Common Stock Tax liability -$22.6K -64.1K -18.58% $0.35 281K May 2, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ANY Restricted Stock Unit (RSU) Options Exercise -150K -10.97% 1.22M May 2, 2023 Common Stock 150K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of Sphere 3D Corp. common stock.
F2 The RSUs vested on 4/8/2023, but were not released to the reporting person until 5/2/2023.
F3 The RSUs reported under column 9 represent two awards. The underlying shares and vesting schedules are as follows: (i) 193,550 shares vest on 5/22/2023 and 774,200 shares vest on 12/1/2023, and (ii) 125,000 shares vest on 4/8/24 and 125,000 shares vest on 4/8/25.