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BlackBerry (BB) awards CFO Tim Foote 229,057 restricted share units vesting to 2029

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Foote Tim reported acquisition or exercise transactions in this Form 4 filing.

BlackBerry Limited granted Chief Financial Officer Tim Foote 229,057 restricted share units (RSUs). Each unit represents a contingent right to receive one common share, cash of equivalent value, or a combination, at BlackBerry’s discretion. The award was granted on April 9, 2026 and is tied to continued employment.

The RSUs vest in twelve equal quarterly installments ending on April 9, 2029, creating a multi‑year incentive for the CFO to remain with the company and align compensation with longer-term performance. After this grant, Foote’s reported RSU holdings from this award total 229,057 units.

Positive

  • None.

Negative

  • None.
Insider Foote Tim
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Restricted Share Units 229,057 $0.00 --
Holdings After Transaction: Restricted Share Units — 229,057 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. This award was granted on April 9, 2026 and, assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments ending April 9, 2029.
RSU grant size 229,057 units Restricted share units granted to CFO Tim Foote on April 9, 2026
Underlying common shares 229,057 shares Each RSU represents a contingent right to one common share or cash equivalent
Vesting schedule 12 equal quarterly installments Installments from grant date through April 9, 2029, assuming continued employment
Expiration of vesting period April 9, 2029 Final quarterly vesting date for the RSU award
Price per unit at grant $0.0000 per unit Grant/award acquisition with no exercise or purchase price
RSUs held from this award after grant 229,057 units Total RSUs from this specific grant following the transaction
Restricted Share Units financial
"security_title: "Restricted Share Units""
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
contingent right financial
"Each unit represents a contingent right to receive one common share"
common share financial
"right to receive one common share or an equivalent amount of cash"
A common share is a type of ownership in a company that gives the holder a claim to a portion of the company’s profits and assets. It often comes with voting rights, allowing shareholders to participate in decisions about the company’s direction. For investors, owning common shares can mean potential for growth and income, but also involves a higher level of risk compared to other types of investments.
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
vesting financial
"vests in twelve equal quarterly installments ending April 9, 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
SEC Form 4
FORM 4UNITED 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*
Foote Tim

(Last)(First)(Middle)
C/O BLACKBERRY LIMITED
2200 UNIVERSITY AVENUE EAST

(Street)
WATERLOON2K 0A7

(City)(State)(Zip)

ONTARIO, CANADA

(Country)
2. Issuer Name and Ticker or Trading Symbol
BLACKBERRY Ltd [ BB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units(1)04/09/2026A229,057 (2) (2)Common Shares229,057(1)229,057D
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. This award was granted on April 9, 2026 and, assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments ending April 9, 2029.
Remarks:
/s/ Fraser Deziel, Attorney-in-Fact for Tim Foote04/13/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did BlackBerry (BB) CFO Tim Foote receive in this Form 4 filing?

Tim Foote received a grant of 229,057 restricted share units (RSUs) from BlackBerry. These RSUs are a form of equity-based compensation that can settle in common shares, cash of equivalent value, or a combination at the company’s discretion.

How do the 229,057 restricted share units for BlackBerry (BB) CFO vest?

The 229,057 RSUs vest in twelve equal quarterly installments ending on April 9, 2029. This means portions of the award become earned over three years, encouraging the CFO’s continued employment and long-term alignment with BlackBerry’s performance.

Are the BlackBerry (BB) RSUs granted to the CFO settled only in shares?

No. Each RSU represents a right to receive one common share, an equivalent amount of cash, or a combination. The choice of settlement form is at the discretion of BlackBerry Limited, giving the company flexibility in how it delivers the award’s value.

Is this BlackBerry (BB) Form 4 a market purchase or sale by the CFO?

This Form 4 reports a grant of restricted share units, not a market purchase or sale. The transaction is classified as a grant/award acquisition, reflecting compensation rather than an open-market trade, and therefore carries limited signaling about the CFO’s trading views.

What ongoing commitment does the BlackBerry (BB) RSU grant imply for the CFO?

The RSU award assumes continued employment through each vesting date up to April 9, 2029. If Tim Foote remains employed, the RSUs vest quarterly, linking a significant portion of his compensation to long-term tenure and company performance over several years.