BlackBerry (NYSE: BB) director reports 20,220 new DSUs, 315,480 total

Rhea-AI Filing Summary

BlackBerry Limited director equity grant reported

A BlackBerry Limited director reported receiving 20,220 Deferred Share Units (DSUs) on 11/30/2025. Following this grant, the director beneficially owns 315,480 DSUs. Each DSU is the economic equivalent of one common share of BlackBerry.

The DSUs will be settled in cash, common shares, or a combination of both, at BlackBerry’s discretion after the director’s service on the board ends. This filing reflects routine director equity-based compensation rather than an open-market purchase or sale of BlackBerry shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DISBROW LISA S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	20,220	$0.00	--

Holdings After Transaction: Deferred Share Unit — 315,480 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

DISBROW LISA S

(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		20,220		(1)	(1)	Common Shares	20,220	(1)	315,480	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 Lisa Debrow	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 did BlackBerry (BB) report in this Form 4?

A BlackBerry Limited director reported an award of 20,220 Deferred Share Units (DSUs) on 11/30/2025, tied to the company’s common shares.

How many Deferred Share Units does the BlackBerry (BB) director now hold?

After the reported transaction, the director beneficially owns 315,480 DSUs, each economically equivalent to one BlackBerry common share.

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

Each DSU is the economic equivalent of one BlackBerry common share and represents a right to receive value in cash, common shares, or both in the future.

When do the BlackBerry (BB) DSUs become payable to the director?

The DSUs become payable following the director’s cessation of service on BlackBerry’s board, at which time the company determines whether to settle in cash, shares, or a combination.

Does this BlackBerry (BB) Form 4 show any open-market stock purchases or sales?

The report shows a grant of 20,220 DSUs as derivative securities, not open-market purchases or sales of BlackBerry common shares.

Is the BlackBerry (BB) director filing this Form 4 as a 10% owner?

The relationship box indicates the reporting person is a Director of BlackBerry Limited; the 10% owner box is not checked.