BlackBerry Executive Offloads Shares at $5.25 Amid Cybersecurity Pivot

Rhea-AI Filing Summary

BlackBerry CLO & Corporate Secretary Philip Kurtz reported significant insider transactions on June 24, 2025. The transactions involved:

• Acquisition of 34,782 common shares through the vesting of Restricted Share Units (RSUs)
• Subsequent sale of 16,217 shares at $5.25 per share (weighted average) to cover withholding taxes
• Net beneficial ownership increased to 57,503 shares held directly after these transactions

The RSUs fully vested on June 24, 2025, with each unit representing a right to receive either one common share, cash equivalent, or a combination at BlackBerry's discretion. The sale price was converted from Canadian dollars to USD using the Bank of Canada exchange rate, with individual transactions ranging from $5.24 to $5.26 per share.

Insider Trade Summary

Net Seller: 16,217 shares ($85,139)

Net Sell 3 txns

Insider Kurtz Philip S.

Role CLO & Corp. Secretary

Sold 16,217 shs ($85K)

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	34,782	$0.00	--
Exercise	Common Shares	34,782	$0.00	--
Sale	Common Shares	16,217	$5.25	$85K

Holdings After Transaction: Restricted Share Units — 0 shares (Direct); Common Shares — 73,720 shares (Direct)

Footnotes (1)

1. Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")". The price reported was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.24 to $5.26, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The RSUs fully vested on June 24, 2025.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kurtz Philip S.

(Last) (First) (Middle)

C/O BLACKBERRY LIMITED

2200 UNIVERSITY AVENUE EAST

(Street)

WATERLOO A6 N2K 0A7

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKBERRY Ltd [ BB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CLO & Corp. Secretary

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/24/2025		M		34,782	A	(1)	73,720	D
Common Shares	06/24/2025		S		16,217	D(2)	$5.25(3)(4)	57,503	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)	06/24/2025		M			34,782	(5)	(5)	Common Shares	34,782	(1)	0	D

Explanation of Responses:

1. Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited.

2. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".

3. The price reported was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.24 to $5.26, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. The RSUs fully vested on June 24, 2025.

Remarks:

	/s/ Fraser Deziel, Attorney-in-Fact for Phil Kurtz	06/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many BlackBerry (BB) shares did CLO Philip Kurtz acquire on June 24, 2025?

Philip Kurtz acquired 34,782 common shares of BlackBerry (BB) on June 24, 2025 through the vesting of Restricted Share Units (RSUs).

What was the sale price of BB shares by Philip Kurtz in June 2025?

Philip Kurtz sold shares at a weighted average price of $5.25 per share, with individual transactions ranging from $5.24 to $5.26 per share. The price was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date.

How many BB shares did Philip Kurtz sell to cover tax withholding in June 2025?

Philip Kurtz sold 16,217 common shares to cover withholding taxes upon the vesting of his Restricted Share Units (RSUs) on June 24, 2025.

What is Philip Kurtz's remaining BB share position after the June 2025 transactions?

Following the reported transactions, Philip Kurtz directly owned 57,503 common shares of BlackBerry (BB).

What position does Philip Kurtz hold at BlackBerry (BB)?

Philip Kurtz serves as the Chief Legal Officer (CLO) & Corporate Secretary at BlackBerry Limited.