Company: ANY
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001628280-25-018222
Chunk: 39

Company: Sphere 3D Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 39
---
: nontransferable restricted stock subject to a substantial risk of forfeiture results in income recognition equal to the excess of the fair market value over the price paid (if any) only at the time the restrictions lapse (unless the recipient elects to accelerate recognition as of the date of grant); bonuses, stock appreciation rights, cash and share-based performance awards, dividend equivalents, stock units, and other types of awards are generally subject to tax at the time of payment; and compensation otherwise effectively deferred is taxed when paid. In each of the foregoing cases, the Company will generally have a corresponding deduction at the time the participant recognizes income.

If an award is accelerated under the 2025 Plan in connection with a “change in control” (as this term is used under the U.S. Internal Revenue Code), the Company may not be permitted to deduct the portion of the compensation attributable to the acceleration, or parachute payments, if it exceeds certain threshold limits under the U.S. Internal Revenue Code (and certain related excise taxes may be triggered). Furthermore, under Section 162(m) of the U.S. Internal Revenue Code, the aggregate compensation in excess of $1,000,000 attributable to awards held by current or former named executive officers may not be deductible by the Company in certain circumstances.

#### Specific Benefits under the 2025 Plan
The Company has not approved any awards that are conditioned upon shareholder approval of the 2025 Plan. The Company is not currently considering any other specific award grants under the 2025 Plan.

The closing market price for a common share of the Company as of the Record Date was $0.43 per share.

#### Equity Compensation Plan Information
The Company maintains its 2015 Plan and 2015 Employee Stock Purchase Plan (“ ESPP ”), which have been approved by the Company’s shareholders. The Company has no unauthorized compensation plans. The following table provides information about our equity compensation plans as of the last day of fiscal 2024.

| Plan Category                                          |     | (a)                                                                                  
 Number of Common Shares to be Issued Upon Exercise of Outstanding Options and Rights |           |     |              -b) 
 Weighted-average 
   Exercise Price 
   of Outstanding 
      Options and 
         Rights(1 |     | -c)                                                                                                                                       
 Number of Common Shares Remaining Available for Future Issuance Under Equity Compensation Plans (excluding shares reflected in column (a) |         |
| Equity compensation plans approved by our shareholders |     |                                                                                      | 1,204,004 |     |