Sphere 3D Corp. (NASDAQ:ANY) CEO Patricia Trompeter recently sold a total of $143,760 worth of company stock, according to a new SEC filing. The transaction occurred on June 12, 2024 and involved the sale of 120,000 shares at an average price of $1.198 each.
The sale was executed in multiple transactions with prices ranging from $1.17 to $1.265 per share. These sales were part of a planned transaction to satisfy the issuer’s tax withholding obligations related to the release of vested Restricted Stock Units (RSUs) on June 7, 2024. Following the sale, Trompeter retains ownership of 429,687 shares of Sphere 3D Corp . demonstrating that he continues to invest in the company’s future.
Sphere 3D Corp., which operates in the financial services industry with a focus on cryptocurrency assets, has seen its executives actively manage its stock holdings, SEC filings show. Investors often track these insider transactions because they can provide insight into management’s outlook on the company’s current valuation and future prospects.
The documentation was signed on behalf of Patricia Trompeter by Denise Garrett, acting as her attorney, demonstrating a common practice among executives to handle their own securities transactions. Shares of Sphere 3D, trading under the symbol ANY, are part of a volatile sector, making the timing and size of the insider sales noteworthy to investors and market watchers.
Shareholders and potential investors in Sphere 3D Corp. can access complete details of the transaction through the SEC’s official website, where Form 4 is available for public inspection.
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