BlackBerry (BB) CFO details RSU vesting, tax-related share sales

Rhea-AI Filing Summary

BlackBerry Limited’s Chief Financial Officer reported routine equity transactions involving company shares. On 01/02/2026, multiple blocks of Restricted Share Units (RSUs) converted into common shares, followed by sales of a portion of those shares.

The filing shows several RSU exercises coded as “M” and related sales coded as “S” to cover withholding taxes upon RSU vesting. One set of sales used a weighted average price of $3.82 per share, with individual trades executed between $3.80 and $3.87. After these transactions, the reporting person directly owned 58,247 common shares and continued to hold RSU awards that vest in scheduled instalments through 2027 and 2028.

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

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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^*

Foote Tim

(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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		M		4,859	A	(1)	44,568	D
Common Shares	01/02/2026		S		2,942	D(2)	$3.82(3)	41,626	D
Common Shares	01/02/2026		M		34,904	A	(1)	76,530	D
Common Shares	01/02/2026		S		21,184	D(2)	$3.82(3)	55,346	D
Common Shares	01/02/2026		M		7,375	A	(1)	62,721	D
Common Shares	01/02/2026		S		4,474	D(2)	$3.82(3)	58,247	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)	01/02/2026		M			4,859	(4)	(4)	Common Shares	4,859	(1)	4,859	D
Restricted Share Units	(1)	01/02/2026		M			34,904	(5)	(5)	Common Shares	34,904	(1)	69,808	D
Restricted Share Units	(1)	01/02/2026		M			7,375	(6)	(6)	Common Shares	7,375	(1)	66,370	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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.80 to $3.87, 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.

4. This award was granted on January 2, 2024 and, assuming continued employment through the applicable vesting date, vests in three equal annual instalments ending January 2, 2027.

5. This award was granted on January 2, 2025 and, assuming continued employment through the applicable vesting date, vests in three equal annual instalments ending January 2, 2028.

6. This award was granted on April 2, 2025, and assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments ending April 2, 2028.

Remarks:

	/s/ Fraser Deziel, Attorney-in-Fact for Tim Foote	01/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did BlackBerry (BB) disclose in this report?

The report discloses that the Chief Financial Officer exercised multiple Restricted Share Units (RSUs) into BlackBerry common shares on 01/02/2026 and sold a portion of those shares.

Why were some BlackBerry (BB) shares sold by the CFO?

The filing states that certain sales were "sales to cover withholding taxes upon vesting of Restricted Share Units (\\"RSUs\\")", meaning shares were sold to satisfy tax obligations.

What price did the BlackBerry (BB) shares sell for in these transactions?

One group of sales used a weighted average price of $3.82 per share, with trades executed at prices ranging from $3.80 to $3.87, excluding fees and commissions.

How many BlackBerry (BB) common shares does the CFO own after these transactions?

Following the reported transactions, the filing shows that the reporting person directly owned 58,247 BlackBerry common shares.

What are the vesting schedules for the BlackBerry (BB) RSU awards mentioned?

One RSU award granted on January 2, 2024 vests in three equal annual instalments ending January 2, 2027. Another, granted on January 2, 2025, vests in three equal annual instalments ending January 2, 2028. A third, granted on April 2, 2025, vests in twelve equal quarterly instalments ending April 2, 2028.

What type of securities were involved in this BlackBerry (BB) insider filing?

The transactions involved common shares of BlackBerry Limited and Restricted Share Units (RSUs), each RSU representing a contingent right to receive one common share, cash, or a combination at BlackBerry’s discretion.