BlackBerry CLO exercises RSUs and sells shares

BlackBerry CLO & Corporate Secretary Philip S. Kurtz exercised 10,908 Restricted Share Units into the same number of common shares on July 9, 2026.

Rhea-AI Filing Summary

BlackBerry CLO & Corporate Secretary Philip S. Kurtz exercised 10,908 Restricted Share Units into the same number of common shares on July 9, 2026. To cover withholding taxes on this vesting, he sold 6,414 common shares at a weighted average price of $11.07 per share, based on multiple trades. Following these transactions, he directly holds 125,158 BlackBerry common shares. The RSU award was granted on April 9, 2026 and is scheduled to vest in twelve equal quarterly installments through April 9, 2029.

Insights

Equity compensation & insider trading analyst

Routine RSU vesting with tax-cover sales; position in BlackBerry equity remains substantial.

CLO Philip S. Kurtz converted 10,908 Restricted Share Units into common shares and sold 6,414 shares at a weighted average of $11.07 per share. Footnotes state the sales were to cover withholding taxes upon vesting, a standard mechanism rather than a discretionary liquidation.

Following these transactions, he directly holds 131,572 common shares and 119,982 RSUs, indicating continued equity exposure. The reported sale prices ranged from $11.01 to $11.14, with amounts converted from Canadian dollars using the Bank of Canada rate on the July 9, 2026 transaction date.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Kurtz Philip S.

Role CLO & Corp. Secretary

Sold 6,414 shs ($71K)

Approx. gross sale proceeds $71K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units F1, F5	10,908	$0.00	$0.00
Exercise	Common Shares F1	10,908	$0.00	$0.00
Sale	Common Shares F3, F4, F2	6,414	$11.07	$71K

Holdings After Transaction: Restricted Share Units — 119,982 contracts (Direct); Common Shares — 125,158 shares (Direct)

Footnotes (5)

1. 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.
2. F2. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
3. F3. The price reported was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.01 to $11.14, 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.
5. 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

RSUs exercised: 10,908 shares Shares sold: 6,414 shares Weighted average sale price: $11.07 per share +2 more

5 metrics

RSUs exercised 10,908 shares Restricted Share Units converted into Common Shares on 2026-07-09

Shares sold 6,414 shares Common Shares sold on 2026-07-09 in connection with RSU vesting

Weighted average sale price $11.07 per share Weighted average price for Common Shares sold, with trades from $11.01 to $11.14

Post-transaction holdings 125,158 shares Direct BlackBerry common shares held by Philip S. Kurtz after the reported transactions

RSU vesting installments 12 installments RSU award granted April 9, 2026 vests quarterly through April 9, 2029

Key Terms

Restricted Share Units, weighted average price, withholding taxes, contingent right

4 terms

Restricted Share Units financial

"BlackBerry reported that CLO & Corporate Secretary Philip S. Kurtz exercised 10,908 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.

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.

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.

contingent right financial

"Each unit represents a contingent right to receive one common share or cash"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BlackBerry (BB) report for Philip S. Kurtz?

BlackBerry reported that CLO & Corporate Secretary Philip S. Kurtz exercised 10,908 Restricted Share Units into common shares on July 9, 2026. As part of the same event, he sold 6,414 common shares to fund withholding taxes related to the RSU vesting.

How many BlackBerry (BB) shares did Philip S. Kurtz sell and at what price?

Philip S. Kurtz sold 6,414 BlackBerry common shares on July 9, 2026 at a weighted average price of $11.07 per share. The sales occurred in multiple trades within a price range from $11.01 to $11.14, as disclosed in the filing footnotes.

How many BlackBerry (BB) shares does Philip S. Kurtz hold after these transactions?

After the reported transactions, Philip S. Kurtz directly holds 125,158 BlackBerry common shares. This post-transaction holding figure reflects his remaining direct ownership following the exercise of 10,908 Restricted Share Units and the sale of 6,414 common shares to cover withholding taxes.

What are the vesting terms of Philip S. Kurtz’s BlackBerry (BB) RSU award?

The RSU award referenced in the filing was granted on April 9, 2026 and is scheduled to vest in twelve equal quarterly installments. These installments run through April 9, 2029, assuming continued employment through each applicable vesting date, as described in the award footnote.

What do the Restricted Share Units reported by BlackBerry (BB) represent?

Each Restricted Share Unit reported for Philip S. Kurtz represents a contingent right to receive one BlackBerry common share or an equivalent cash amount. Settlement can be in shares, cash, or a combination, at the discretion of BlackBerry Limited, according to the filing’s footnote description.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/10/2026 - 04:32 PM Learn about SEC filing dates

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^*

Kurtz Philip S.

(Last) (First) (Middle)

C/O BLACKBERRY LIMITED

2200 UNIVERSITY AVENUE EAST

(Street)

WATERLOO N2K 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CLO & Corp. Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/09/2026		M		10,908	A	(1)	131,572	D
Common Shares	07/09/2026		S		6,414	D(2)	$11.07(3)(4)	125,158	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
Restricted Share Units	(1)	07/09/2026		M			10,908	(5)	(5)	Common Shares	10,908	(1)	119,982	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 was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.01 to $11.14, 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.

5. 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 Phil Kurtz	07/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)