[Form 4] BlackBerry Limited Insider Trading Activity

Rhea-AI Filing Summary

Richard J. Lynch, a director of BlackBerry Limited (BB), acquired 17,170 Deferred Share Units (DSUs) on 08/31/2025, recorded on Form 4. Each DSU represents the economic equivalent of one common share and will be paid in cash, shares, or a mix at BlackBerry's discretion after Mr. Lynch stops serving as a director. Following this reported transaction, the filing shows beneficial ownership of 442,735 common shares attributable to Mr. Lynch. The Form 4 was signed on behalf of Mr. Lynch by an attorney-in-fact on 09/03/2025. The disclosure reflects a director compensation-related stock unit award rather than a market purchase or sale.

Positive

• 17,170 DSUs acquired were reported, which is precisely quantified in the filing
• Beneficial ownership increased to 442,735 common shares following the reported transaction
• DSU payout terms disclosed: payable in cash, common shares, or a combination after cessation of director service

Negative

• None.

Insights

Securities Analyst

TL;DR: Director Richard J. Lynch received 17,170 DSUs, bringing beneficial ownership to 442,735 shares; this is a routine compensation disclosure.

The Form 4 documents a non-derivative economic award in the form of Deferred Share Units granted or allocated on 08/31/2025. DSUs are recorded as the economic equivalent of common shares and will convert to cash and/or shares after cessation of service, per the issuer's discretion. For investors, this is a routine insider compensation disclosure that increases reported beneficial ownership but does not indicate an active open-market purchase or sale.

Corporate Governance Expert

TL;DR: This filing is an administrative disclosure of director compensation through DSUs; it documents ownership but no immediate share issuance.

The filing notes the nature of the DSUs and their payment mechanics, which is important for transparency around executive/director remuneration and future potential dilution or cash obligations. The submission was executed by an attorney-in-fact and properly identifies the reporting person's role as a director. The disclosure is material for tracking insider holdings but does not reflect a change in voting shares outstanding at the time of the report.

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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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^*

Lynch Richard J.

(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)

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		17,170		(1)	(1)	Common Shares	17,170	(1)	442,735	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 Richard Lynch	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 Richard J. Lynch report on the Form 4 for BlackBerry (BB)?

He reported acquisition of 17,170 Deferred Share Units (DSUs) on 08/31/2025, increasing his reported beneficial ownership to 442,735 common shares.

What are Deferred Share Units (DSUs) in this filing?

The filing states each DSU is the economic equivalent of one common share and will be paid in cash, shares, or a combination at BlackBerry's discretion after the director stops serving.

Does this Form 4 show a market purchase or sale of shares?

No. The transaction is recorded as acquisition of DSUs (a compensation-related award), not an open-market purchase or sale.

When was the Form 4 signed and by whom?

The form was signed on behalf of Richard Lynch by an attorney-in-fact, Fraser Deziel, on 09/03/2025.

How many common shares do the reported DSUs represent?

The DSUs reported total 17,170, which the filing equates to 17,170 common shares in economic value.