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BlackBerry (BB) CEO John Giamatteo logs RSU vesting and tax share sales

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

BlackBerry Limited insider John Joseph Giamatteo, a director and CEO & President, Secure Comm., reported equity compensation vesting and related share sales. On January 6, 2026, 138,493 Performance-Based Restricted Share Units and 71,022 Restricted Share Units were converted into common shares, with each unit representing the right to receive one common share or cash at BlackBerry’s discretion.

To cover withholding taxes upon RSU vesting, he sold 57,984 common shares and 29,739 common shares at a weighted average price of $3.88, with individual sale prices ranging from $3.83 to $3.93. After these transactions, he directly held 859,840 common shares and 177,112 unvested performance-based RSUs scheduled to vest on January 2, 2027 if he remains employed by BlackBerry Limited on that date.

Positive

  • None.

Negative

  • None.
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*
GIAMATTEO JOHN JOSEPH

(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
X Officer (give title below) Other (specify below)
CEO & President, Secure Comm.
3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026
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 01/06/2026 M 138,493 A (1) 876,541 D
Common Shares 01/06/2026 S 57,984 D(2) $3.88(3) 818,557 D
Common Shares 01/06/2026 M 71,022 A (1) 889,579 D
Common Shares 01/06/2026 S 29,739 D(2) $3.88(3) 859,840 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
Performance-Based Restricted Share Units (1) 01/06/2026 M 138,493 (4) (4) Common Shares 138,493 (1) 177,112 D
Restricted Share Units (1) 01/06/2026 M 71,022 (5) (5) Common Shares 71,022 (1) 0 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 $3.83 to $3.93, 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. Reflects an amount of Performance-Based Restricted Share Units ("RSUs") determined in accordance with satisfaction of performance conditions. 138,493 RSUs vested on January 6, 2026, 177,112 RSUs will vest on January 2, 2027 if the reporting person is employed by BlackBerry Limited as of that date.
5. The RSUs fully vested on January 6, 2026.
Remarks:
/s/ Fraser Deziel, Attorney-in-Fact for John Giamatteo 01/08/2026
** 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 activity did BlackBerry (BB) report for John Giamatteo?

BlackBerry reported that John Joseph Giamatteo, a director and CEO & President, Secure Comm., had RSUs and performance-based RSUs vest and convert into common shares, followed by sales of some common shares primarily to cover tax withholding obligations.

How many BlackBerry (BB) RSUs vested and were converted into shares?

On January 6, 2026, 138,493 Performance-Based RSUs and 71,022 RSUs were converted into BlackBerry common shares, in line with the satisfaction of performance conditions and vesting schedules.

How many BlackBerry (BB) shares did John Giamatteo sell and at what price?

He sold 57,984 common shares and 29,739 common shares at a weighted average price of $3.88 per share, with actual sale prices ranging from $3.83 to $3.93, primarily to cover withholding taxes upon RSU vesting.

How many BlackBerry (BB) shares does John Giamatteo own after these transactions?

Following the reported transactions on January 6, 2026, John Giamatteo directly owned 859,840 BlackBerry common shares, according to the filing.

Does John Giamatteo still hold unvested BlackBerry (BB) RSUs?

Yes. The filing states that 177,112 performance-based RSUs remain and will vest on January 2, 2027 if he is employed by BlackBerry Limited as of that date.

Were the BlackBerry (BB) insider share sales discretionary or tax-related?

The filing explains that the share sales were to cover withholding taxes upon vesting of Restricted Share Units, indicating they were related to tax obligations rather than stand-alone discretionary sales.

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