Sphere 3D enters amended employment agreement with CFO; grants 1M RSUs valued at $493K

Sphere 3D Corp.

Amended and restated employment agreement with CFO Kurt Kalbfleisch, effective April 22, 2025.
Annual base salary of $336,000; eligible for annual discretionary bonus up to 75% of base salary.
One-time grant of 1,000,000 RSUs valued at $493,000 (based on $0.493/share), vesting 25% on June 1, 2025 and quarterly thereafter.
Upon termination without cause or for good reason: 18 months base salary plus 50% target bonus, 12 months health benefits, immediate equity vesting.
Mr. Kalbfleisch also serves as Interim CEO until a replacement CEO is appointed.

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