BlackBerry (NYSE: BB) CFO exercises RSUs and sells shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BlackBerry Limited Chief Financial Officer Tim Foote reported routine equity-compensation activity involving restricted share units (RSUs) that converted into common shares, followed by limited share sales primarily to cover taxes.
On April 2 and April 4, he exercised RSUs covering 7,375 and 20,254 units, respectively, at an exercise price of $0.00 per unit, receiving an equal number of common shares. He then sold 2,468 and 6,762 common shares at a weighted average price around $3.56–$3.57 per share in open-market transactions that the disclosure describes as sales to cover withholding taxes upon RSU vesting. After these transactions, Foote directly owns 76,277 BlackBerry common shares, and no remaining derivative positions are shown in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,230 shares ($32,859)
Net Sell
6 txns
Insider
Foote Tim
Role
Chief Financial Officer
Sold
9,230 shs ($33K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 20,254 | $0.00 | -- |
| Exercise | Common Shares | 20,254 | $0.00 | -- |
| Sale | Common Shares | 6,762 | $3.56 | $24K |
| Exercise | Restricted Share Units | 7,375 | $0.00 | -- |
| Exercise | Common Shares | 7,375 | $0.00 | -- |
| Sale | Common Shares | 2,468 | $3.56 | $9K |
Holdings After Transaction:
Restricted Share Units — 20,254 shares (Direct);
Common Shares — 83,039 shares (Direct)
Footnotes (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. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")". The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.56 to $3.57, 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. This award was granted on April 4, 2024 and, assuming continued employment through the applicable vesting date, vests in three equal annual instalments ending April 4, 2027. 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.
Key Figures
RSUs exercised April 2: 7,375 units
RSUs exercised April 4: 20,254 units
Total RSUs exercised: 27,629 units
+3 more
6 metrics
RSUs exercised April 2
7,375 units
Converted into 7,375 common shares at $0.00 exercise price
RSUs exercised April 4
20,254 units
Converted into 20,254 common shares at $0.00 exercise price
Total RSUs exercised
27,629 units
Aggregate derivative exercises reported in this filing
Shares sold for taxes
9,230 shares
Open-market sales to cover withholding taxes on RSU vesting
Sale price range
$3.56–$3.57/share
Weighted average prices for common share sales
Shares owned after transactions
76,277 shares
Direct BlackBerry common share holdings post-transaction
Key Terms
Restricted Share Units, withholding taxes, weighted average price, contingent right, +1 more
5 terms
withholding taxes financial
"Sales to cover withholding taxes upon vesting of Restricted Share Units"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
contingent right financial
"Each unit represents a contingent right to receive one common share or an equivalent amount of cash"
quarterly installments financial
"vests in twelve equal quarterly installments ending April 2, 2028"
FAQ
What did BlackBerry (BB) CFO Tim Foote report in this Form 4?
BlackBerry CFO Tim Foote reported exercising restricted share units into common shares and then selling a smaller portion of shares. The sales were described as covering withholding taxes on vested RSUs, leaving him with a sizable remaining direct shareholding.
What do the RSU awards in this BlackBerry Form 4 tell investors?
The RSU awards show that Tim Foote receives a portion of his compensation in equity that vests over time. One award vests in three annual installments through April 2027, and another vests quarterly through April 2028, aligning incentives with long-term company performance.