Company: ANY
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001591956-25-000009
Chunk: 22

Company: Sphere 3D Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 values of options granted for the six months ended June 30, 2025 and 2024 was $0.67 and $1.67 per share, respectively.Restricted Stock UnitsThe following table summarizes RSU activity: Number ofSharesWeighted AverageGrant Date Fair ValueOutstanding — January 1, 2025760,834 $1.98 Granted3,037,383 $0.73 Vested and released(876,344)$1.07 Forfeited(1,226,417)$1.28 Outstanding — June 30, 20251,695,456 $0.72 Vested and unreleased  — June 30, 2025101,451 $1.37 The estimated fair value of RSUs was based on the closing market value of the Company’s common shares on the date of grant. RSUs typically vest over a period of 12 months to three years from the original date of grant. The total grant date fair value of RSUs vested for the six months ended June 30, 2025 and 2024 was approximately $0.9 million and $1.6 million, respectively. The fair value of RSUs vested for the six months ended June 30, 2025 and 2024 was approximately $0.6 million and $1.2 million, respectively. 

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Share-Based Compensation Expense The Company recorded the following compensation expense related to its share-based compensation awards (in thousands):Three MonthsEnded June 30,Six MonthsEnded June 30,2025202420252024General and administrative$318 $772 $389 $1,858 Total share-based compensation expense$318 $772 $389 $1,858 Total unrecognized estimated compensation cost by type of award and the weighted-average remaining requisite service period over which such expense is expected to be recognized (in thousands, unless otherwise noted):June 30, 2025Unrecognized ExpenseRemaining Weighted-Average Recognition Period (years)RSUs$1,041 1.5Stock options$92 0.9

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11.Net Income (Loss) per Share

Basic net income (loss) per share is computed by dividing net income (loss) applicable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share reflects the potential dilution of securities that