BlackBerry legal chief sells 6,164 shares for taxes
The CLO and Corporate Secretary's 6,164-share sale was identified as covering withholding taxes upon RSU vesting.
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Rhea-AI Filing Summary
BlackBerry Ltd (BB) reported that CLO and Corporate Secretary Philip S. Kurtz exercised or converted 10,908 Restricted Share Units, with 10,908 common shares acquired, on October 9, 2026. He then sold 6,164 common shares at a weighted-average $8.45 per share. The sale covered withholding taxes upon RSU vesting; the reported price was converted from Canadian dollars to U.S. dollars, and the shares sold ranged from $8.44 to $8.48, excluding fees and expenses. Kurtz's reported post-transaction RSU position was 109,074. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units F1, F5 | 10,908 | -- | -- |
| Exercise | Common Shares F1 | 10,908 | -- | -- |
| Sale | Common Shares F3, F4, F2 | 6,164 | $8.45 | $52K |
Footnotes (5)
- F1. 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.
- F2. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.44 to $8.48, 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.
- F4. The price reported was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
- F5. 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.
Key Figures
Key Terms
weighted average price financial
contingent right financial
withholding taxes upon vesting financial
FAQ
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When are Philip S. Kurtz's RSUs scheduled to vest?
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