Form 4: Sphere 3D Corp. Director Sue Harnett Reports Stock Unit Transaction
SEC Form 4 Filing
Director Sue Harnett reports the vesting of Restricted Stock Units (RSUs) convertible to common stock of Sphere 3D Corp.
Summary
- On May 15, 2025, Director Sue Harnett reported a transaction involving Restricted Stock Units (RSUs) of Sphere 3D Corp.
- 96,154 RSUs vested and converted into 96,154 shares of common stock.
- Following the transaction, Harnett directly owns 199,707 shares of Sphere 3D Corp.
- A power of attorney was executed on December 15, 2022, granting Kurt Kalbfleisch, Denise Garrett, and Ali Panjwani the authority to file SEC forms on behalf of Susan S. Harnett.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This is a standard SEC filing related to changes in beneficial ownership by a company insider. It is a routine part of corporate governance and transparency.
Stakeholder Impact
- The transaction increases the number of outstanding shares, which could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 2022-12-15 | Date of execution of Power of Attorney. |
| 2025-05-15 | Date of RSU transaction. |
| 2025-05-16 | Date of signature on the Form 4 report. |
Keywords
Sphere 3D Corp, Sue Harnett, RSU, Restricted Stock Units, Director, Form 4, SEC, Beneficial Ownership, Common Stock, Power of Attorney
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