Company: ANY
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001628280-25-015485
Chunk: 54

Company: Sphere 3D Corp.
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 54
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 93,750 restricted stock units vested in accordance with Ms. Trompeter’s New Employment Agreement, and the remaining 281,250 restricted stock units were cancelled.

In March 2024, the Board approved a fiscal year 2023 annual bonus for Ms. Trompeter in the amount of $585,000.

In May 2024, the Board approved 210,000 restricted stock units for Ms. Trompeter valued at $248,850 based upon the common share price on the date of grant of $1.185. The restricted stock units vested on the date of grant.

In January 2025, the Board approved a fiscal year 2024 annual bonus for Ms. Trompeter in the amount of $635,000 and 1,059,783 restricted stock units, valued at $917,242 based upon the common share price on the date of grant of $0.8655. On March 3, 2025, 132,472 restricted stock units vested in accordance with Ms. Trompeter’s New Employment Agreement, and the remaining 927,311 restricted stock units were cancelled.

Kurt L. Kalbfleisch. In June 2022, we entered into an employment agreement with Mr. Kalbfleisch (the “ Kalbfleisch Employment Agreement ”). Pursuant to the Employment Agreement, Mr. Kalbfleisch continued to serve in his capacity as Chief Financial Officer. The Kalbfleisch Employment Agreement was effective June 20, 2022 and had an initial one-year term, which was automatically extended for an additional one-year period and automatically extended for additional one-year periods thereafter, unless terminated by either party within 90 days prior to the renewal date.

Under the Kalbfleisch Employment Agreement, we paid Mr. Kalbfleisch an annual base salary of $320,000. At the discretion of the Company’s Chief Executive Officer, Mr. Kalbfleisch was eligible to receive an annual bonus up to 75% of his base salary, payable in U.S. dollar or Bitcoin at the Chief Executive Officer’s discretion.

Mr. Kalbfleisch was also entitled to health insurance benefits and to participate in any employee benefit plans, life insurance plans, disability income plans, retirement plans, expense reimbursement plans and other benefit plans that we may from time to time have in effect for any of its executive management employees.

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Upon the closing of a Change of Control of the Company (as defined in