Company: ANY
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001628280-25-018222
Chunk: 28

Company: Sphere 3D Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 28
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 market price of $1.185 on May 21, 2024, the date of grant, vesting in full on May 15, 2025. Mr. McEwan received a stock option for 125,315 shares with an exercise price of $1.185 per share vesting in full on May 15, 2025 and expiring on May 15, 2030. The number of stock options and restricted stock units granted was based upon the Company’s common share closing market price of $1.04 on May 15, 2024, the date of the 2024 annual shareholders’ meeting.

In August 2019, the Company entered into a change of control agreement with Mr. Mahadevan and Mr. McEwan (the “ COC Agreements ”) in order to compensate such individuals for prior unpaid board services. The COC Agreements provide that in the event of a change of control of the Company and provided no payment has been made under (i) or (ii) below, Mr. Mahadevan and Mr. McEwan shall be entitled, in their sole discretion, to provide written notice to us at any time within 30 days of such event, to receive an amount equal to $127,500 and $115,000, respectively, for directorship services (the “ COC Board Fees ”) related to waived fees for periods as of June 30, 2019. The COC Agreements also provide that Mr. Mahadevan and Mr. McEwan be entitled to the COC Board Fees if (i) such individual becomes unable to serve on the Board, either due to prolonged sickness, permanent disability, or death or (ii) is not reappointed as a member of the Board at a duly convened meeting of its shareholders. As Mr. Mahadevan was not reappointed as a member of the Board following the 2024 annual meeting held on May 15, 2024, he was paid his COC Board Fees of $127,500.

The Board retains complete discretion to adopt or modify our programs for providing cash and/or equity-based compensation to our Non-Employee Directors as it deems appropriate from time to time.

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#### PROPOSAL NO. 2 - RATIFICATION OF SELECTION OF

### INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Audit Committee and the Board have selected MaloneBailey LLP as the independent registered public accounting firm to