Form 4: Sphere 3D Corp. Director Timothy P. Hanley Reports Stock Transaction
SEC Form 4 Filing
Director Timothy P. Hanley reports the vesting of Restricted Stock Units (RSUs) into common stock of Sphere 3D Corp.
Summary
- On May 15, 2025, Timothy P. Hanley, a director of Sphere 3D Corp., reported a transaction involving the vesting of 96,154 Restricted Stock Units (RSUs) into common stock.
- Following the transaction, Hanley directly owns 199,707 shares of Sphere 3D Corp. common stock.
- Each RSU represents a contingent right to receive one share of Sphere 3D Corp. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, and the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 2022-12-16 | Date of Power of Attorney execution |
| 2025-05-15 | Date of RSU vesting and stock transaction |
| 2025-05-16 | Date of report signature |
Keywords
Form 4, Sphere 3D Corp, Director, Hanley, Timothy P. Hanley, RSU, Restricted Stock Units, Beneficial Ownership, Section 16(a)
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