Sphere 3D Corp. (ANY)

[Hugodrax]

You can find the data at SEDI.CA


These are 10B5-1 sales

"What is the 'Rule 10b5-1'
Rule 10b5-1 is established by the Securities Exchange Commission (SEC) to allow insiders of publicly traded corporations to set up a trading plan for selling stocks they own. Rule 10b5-1 allows major holders to sell a predetermined number of shares at a predetermined time. Many corporate executives use 10b5-1 plans to avoid accusations of insider trading."


In this case EK and Kurt K appear to have set up pre-determined dumps to cover their tax bill when RSUs are released to them (the free restricted stock they get because they are doing such a great job).

They probably set these up a while back. Basically the logic is you sell enough to cover your tax bill and then you have no risk. Some execs (e.g. ones that are confident in their businesses) just pay the tax and keep the shares.

In this particular case it's prudent, IMHO, for them to do this -as getting a tax bill based on $0.50 stock and then having the company go under or having to sell it at $0.05 is a kick in the chops.


As to why they were filed late, there is no excuse - it's a violation of securities regulations but the penalties are minimal, if enforced at all.


All IMHO.....