[Form 4] BLACKBERRY Ltd Insider Trading Activity

BlackBerry Ltd CLO & Corporate Secretary Philip S. Kurtz reported routine equity compensation activity involving Restricted Share Units (RSUs) and common shares.

Rhea-AI Filing Summary

BlackBerry Ltd CLO & Corporate Secretary Philip S. Kurtz reported routine equity compensation activity involving Restricted Share Units (RSUs) and common shares. He exercised 7,375 RSUs into an equal number of common shares at a conversion price of $0.00 per share, then sold 4,079 common shares at a weighted average of $3.56 per share to cover withholding taxes upon vesting. After these transactions, he directly holds 117,484 common shares and 58,995 RSUs, indicating he retained the majority of the vested shares and maintains a sizeable equity stake.

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 4,079 shs ($15K)

Approx. gross sale proceeds $15K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	7,375	$0.00	$0.00
Exercise	Common Shares	7,375	$0.00	$0.00
Sale	Common Shares	4,079	$3.56	$15K

Holdings After Transaction: Restricted Share Units — 58,995 contracts (Direct); Common Shares — 117,484 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 $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.
5. F5. 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: 7,375 units Shares sold: 4,079 shares Sale price: $3.56 per share +2 more

5 metrics

RSUs exercised 7,375 units Converted to common shares on April 2, 2026

Shares sold 4,079 shares Common shares sold on April 2, 2026

Sale price $3.56 per share Weighted average sale price in U.S. dollars

Common shares held 117,484 shares Direct holdings after transactions

RSUs remaining 58,995 units Restricted Share Units after vesting event

Key Terms

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

4 terms

Restricted Share Units financial

"Each unit represents a contingent right to receive one common share or an equivalent amount of cash"

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.

withholding taxes financial

"Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")"

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"

FAQ

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

What insider transactions did BlackBerry (BB) CLO Philip Kurtz report?

Philip S. Kurtz exercised 7,375 Restricted Share Units into common shares and sold 4,079 common shares. The sale was made at a weighted average price of $3.56 per share and was specifically noted as covering withholding taxes upon RSU vesting.

How many BlackBerry (BB) shares does Philip Kurtz hold after this Form 4?

After the reported transactions, Philip S. Kurtz directly holds 117,484 BlackBerry common shares. He also holds 58,995 Restricted Share Units, which represent contingent rights to receive an equal number of common shares or cash, subject to the company’s discretion and vesting conditions.

Were Philip Kurtz’s BlackBerry (BB) share sales open-market disposals?

The filing classifies the 4,079 common shares as sales at a weighted average of $3.56 per share. A footnote clarifies these transactions were sales to cover withholding taxes upon vesting of RSUs, making them primarily tax-related rather than discretionary portfolio sales.

What are BlackBerry (BB) Restricted Share Units held by Philip Kurtz?

Each Restricted Share Unit represents a contingent right to receive one BlackBerry common share, an equivalent amount of cash, or a combination, at BlackBerry’s discretion. The award referenced was granted on April 2, 2025 and vests in twelve equal quarterly installments through April 2, 2028.

At what price were Philip Kurtz’s BlackBerry (BB) shares sold on this Form 4?

The reported sale price is a weighted average of $3.56 per share for 4,079 common shares. A footnote notes individual trades occurred between $3.56 and $3.57 per share, exclusive of fees, with the price converted from Canadian dollars using the Bank of Canada rate.

Does this BlackBerry (BB) Form 4 show remaining derivative or RSU positions for Philip Kurtz?

The filing’s transaction detail shows 58,995 Restricted Share Units remaining after the 7,375-unit vesting and exercise. The derivative summary section is otherwise empty, indicating no additional derivative transactions were reported in this specific Form 4 excerpt.

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

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Accepted by SEC EDGAR 04/07/2026 - 04:54 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)
04/02/2026

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	04/02/2026		M		7,375	A	(1)	121,563	D
Common Shares	04/02/2026		S		4,079	D(2)	$3.56(3)(4)	117,484	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)	04/02/2026		M			7,375	(5)	(5)	Common Shares	7,375	(1)	58,995	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 $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.

5. 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.

Remarks:

	/s/ Fraser Deziel, Attorney-in-Fact for Phil Kurtz	04/07/2026
	** 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)