Company: ANY
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001591956-25-000014
Chunk: 22

Company: Sphere 3D Corp.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 22
---
-free interest rate——4.0%4.1-4.6%Dividend yield————The following table summarizes option activity:SharesSubject to OptionsWeighted-AverageExercisePriceWeighted-AverageRemainingContractualTerm (years)AggregateIntrinsicValue(in thousands)Options outstanding — January 1, 2025443,170 $5.11 Granted149,500 $0.79 Exercised— $— Forfeited(26,785)$12.60 Options outstanding — September 30, 2025565,885 $3.62 3.9$— Vested and expected to vest — September 30, 2025565,885 $3.62 3.9$— Exercisable — September 30, 2025416,385 $4.63 3.2$— The weighted average grant date fair values of options granted for the nine months ended September 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(1,084,045)$1.04 Forfeited(1,226,417)$1.28 Outstanding — September 30, 20251,487,755 $0.69 Vested and unreleased  — September 30, 202589,844 $0.93 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 nine months ended September 30, 2025 and 2024 was approximately $1.0 million and $1.8 million, respectively. The fair value of RSUs vested for the nine months ended September 30, 2025 and 2024 was approximately $0.7 million and $1.3 million, respectively. 

18

Restricted Stock Units with a Performance ConditionIn July 2025, the Company entered into a financial advisory agreement