[Form 4] BlackBerry Limited Insider Trading Activity

Rhea-AI Filing Summary

BlackBerry Limited director Lori O'Neill was granted 13,483 Deferred Share Units (DSUs) on 08/31/2025. Each DSU represents the economic equivalent of one common share and becomes payable in cash, common shares, or a combination at BlackBerry's discretion after the director leaves service. After this grant, O'Neill beneficially owns 116,956 common shares (direct ownership). The Form 4 was signed by an attorney-in-fact on behalf of O'Neill on 09/03/2025. The filing reports a routine director compensation award rather than an open-market purchase or sale.

Positive

• 13,483 DSUs granted increases director's alignment with shareholders
• Post-grant beneficial ownership of 116,956 shares disclosed for transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A standard director deferred-compensation award that increases alignment with shareholders without immediate dilution.

The 13,483-DSU grant is a common mechanism to compensate non-employee directors while aligning their incentives with long-term shareholder value. DSUs are payable at termination in cash and/or shares at the company's discretion, so the timing and form of settlement remain at the issuer's control. This disclosure is routine and does not indicate any change in control, insider trading, or extraordinary compensation terms. The post-grant beneficial ownership of 116,956 common shares is relevant for proxy voting thresholds and ownership reporting.

Securities Analyst

TL;DR: Transaction reflects non-derivative award issuance to a director, with no immediate market impact.

The Form 4 reports an award coded as an acquisition (A) of DSUs rather than an open-market trade. Because DSUs convert to cash or shares only after service termination, they do not immediately change the free float of common shares. Investors should note the additional disclosed beneficial ownership of 116,956 shares for understanding insider holdings, but this single routine grant is unlikely to be material to BlackBerry's capitalization or valuation on its own.

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
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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^*

O'Neill Lori

(Last) (First) (Middle)

C/O BLACKBERRY LTD.

2200 UNIVERSITY AVENUE EAST

(Street)

WATERLOO A6 N2K0A7

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2025

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

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
Deferred Share Unit	(1)	08/31/2025		A		13,483		(1)	(1)	Common Shares	13,483	(1)	116,956	D

Explanation of Responses:

1. Each Deferred Share Unit ("DSU") is the economic equivalent of one common share. The DSUs become payable, in cash or common shares or a combination of the two, at the discretion of BlackBerry Limited ("BlackBerry") following cessation of the reporting person's service as a director of BlackBerry.

Remarks:

	/s/ Fraser Deziel, Attorney-in-fact for Lori O'Neill	09/03/2025
	** 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

What did Lori O'Neill report on the Form 4 for BlackBerry (BB)?

The Form 4 reports a grant of 13,483 Deferred Share Units (DSUs) on 08/31/2025, increasing her beneficial ownership to 116,956 common shares.

What is a Deferred Share Unit (DSU) as disclosed in this Form 4?

Each DSU is the economic equivalent of one common share and becomes payable in cash, common shares, or a combination at BlackBerry's discretion following the director's cessation of service.

Does this Form 4 show an open-market purchase or sale by the director?

No. The filing shows an acquisition (A) of DSUs as director compensation, not an open-market trade.

When was the Form 4 signed and filed for this transaction?

The Form 4 was signed by an attorney-in-fact for Lori O'Neill on 09/03/2025 and reports the transaction date of 08/31/2025.