BlackBerry (BB) director reports 19,302 DSU grant and 374,521 units owned

Rhea-AI Filing Summary

BlackBerry Limited director reports deferred share unit grant

A BlackBerry Limited director reported an equity-based compensation transaction dated 11/30/2025. The filing shows an acquisition of 19,302 Deferred Share Units (DSUs), which are derivative securities that mirror the value of BlackBerry common shares. Each DSU is the economic equivalent of one common share and represents a right to receive value in the future rather than immediate stock.

The DSUs become payable in cash, common shares, or a combination of both, at BlackBerry’s discretion, after the director ceases serving on the board. Following this grant, the reporting person beneficially owns 374,521 derivative securities directly, reflecting accumulated DSU-based compensation tied to BlackBerry’s share performance.

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^*

Wouters Wayne

(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)
11/30/2025

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)	11/30/2025		A		19,302		(1)	(1)	Common Shares	19,302	(1)	374,521	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 Wayne Wouters	12/01/2025
	** 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 insider transaction was reported for BlackBerry (BB) in this Form 4?

A BlackBerry Limited director reported acquiring 19,302 Deferred Share Units (DSUs) on 11/30/2025, which are equity-based awards linked to BlackBerry common shares.

How many BlackBerry-related derivative securities does the director own after this transaction?

After the reported transaction, the director beneficially owns 374,521 derivative securities, consisting of Deferred Share Units tied to BlackBerry common shares, held directly.

What is a Deferred Share Unit (DSU) in the context of BlackBerry (BB)?

Each Deferred Share Unit (DSU) is described as the economic equivalent of one common share of BlackBerry, giving the holder a future claim linked to the company’s share value.

When will the BlackBerry (BB) DSUs reported in this Form 4 be paid out?

The DSUs become payable following cessation of the reporting person’s service as a director of BlackBerry Limited.

In what form can the BlackBerry (BB) DSUs be settled for the director?

The DSUs may be settled in cash, common shares, or a combination of the two, at the discretion of BlackBerry Limited.

Is the reporting person a director or officer of BlackBerry (BB)?

The filing identifies the reporting person’s relationship to BlackBerry Limited as a Director.

Is this BlackBerry (BB) Form 4 filed by a single insider or a group?

The document indicates it is a Form filed by one reporting person, not by more than one reporting person.