What are Restricted Share Units (RSUs) in the context of BlackBerry (BB)?

Each BlackBerry Restricted Share Unit represents a contingent right to receive one common share, cash equal to one share, or a combination, at BlackBerry’s discretion. RSUs typically vest over time, as described for this award vesting in twelve equal quarterly installments.

BlackBerry (NYSE: BB) HR chief sells shares to cover RSU taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BlackBerry Limited senior vice president and Chief People Officer Jennifer Armstrong-Owen recorded routine compensation-related share activity. On July 2, 2026, 6,146 Restricted Share Units were exercised into the same number of common shares, at a stated price of $0.00 per share.

To cover withholding taxes upon this RSU vesting, 2,556 common shares were sold in open-market transactions at a weighted average price of $11.22 per share, with individual sale prices ranging from $11.15 to $11.40. After these transactions, she directly holds 101,751 common shares and 43,016 Restricted Share Units.

Insider Trade Summary

Net Seller: 2,556 shares ($28,678)

Net Sell 3 txns

Insider Armstrong-Owen Jennifer

Role Sr VP & Chief People Officer

Sold 2,556 shs ($29K)

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	6,146	$0.00	--
Exercise	Common Shares	6,146	$0.00	--
Sale	Common Shares	2,556	$11.22	$29K

Holdings After Transaction: Restricted Share Units — 43,016 shares (Direct, null); Common Shares — 104,307 shares (Direct, null)

Footnotes (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. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")". The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.15 to $11.40, 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. 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

Shares sold: 2,556 shares Weighted average sale price: $11.22 per share Sale price range: $11.15–$11.40 per share +3 more

6 metrics

Shares sold 2,556 shares Common shares sold on July 2, 2026

Weighted average sale price $11.22 per share Open-market sales to cover withholding taxes

Sale price range $11.15–$11.40 per share Range of prices for multiple sale transactions

RSUs exercised 6,146 units Restricted Share Units converted into common shares

Common shares held after 101,751 shares Direct BlackBerry common share ownership post-transaction

RSUs outstanding after 43,016 units Restricted Share Units remaining after the reported exercise

Key Terms

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

4 terms

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 ("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.

contingent right financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 04:48 PM Accepted by SEC EDGAR 07/06/2026 - 04:48 PM

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^*

Armstrong-Owen Jennifer

(Last)

(First)

(Middle)

C/O BLACKBERRY LTD.

2200 UNIVERSITY AVENUE EAST

(Street)

WATERLOO

N2K0A7

(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)
	Sr VP & Chief People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	07/02/2026		M		6,146	A	⁽¹⁾	104,307	D
Common Shares	07/02/2026		S		2,556	D⁽²⁾	$11.22⁽³⁾	101,751	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units	⁽¹⁾	07/02/2026		M			6,146	⁽⁴⁾	⁽⁴⁾	Common Shares	6,146	⁽¹⁾	43,016	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 $11.15 to $11.40, 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. 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 Jennifer Armstrong-Owen	07/06/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did BlackBerry (BB) executive Jennifer Armstrong-Owen do in this Form 4?

Jennifer Armstrong-Owen reported RSU-related share activity. 6,146 Restricted Share Units were exercised into common shares, and 2,556 shares were sold to cover withholding taxes, leaving her with 101,751 common shares and 43,016 RSUs after the transactions.

How many BlackBerry (BB) shares did the executive sell, and at what price?

She sold 2,556 BlackBerry common shares. The weighted average sale price was $11.22 per share, with individual transaction prices ranging from $11.15 to $11.40, according to the Form 4 footnote describing these open-market sales.

Why were BlackBerry (BB) shares sold by Jennifer Armstrong-Owen?

The shares were sold to cover withholding taxes upon vesting of Restricted Share Units. The Form 4 footnote explicitly states that the sales were made to satisfy tax obligations tied to the RSU vesting, rather than as a discretionary open-market liquidation.

How many BlackBerry (BB) shares does Jennifer Armstrong-Owen hold after these transactions?

Following the reported transactions, she directly holds 101,751 BlackBerry common shares. In addition, she holds 43,016 Restricted Share Units, which represent contingent rights to receive an equivalent number of common shares or cash at BlackBerry’s discretion.

When do the reported BlackBerry (BB) RSUs vest for this executive award?

The RSU award was granted on April 2, 2025 and, assuming continued employment, vests in twelve equal quarterly installments ending April 2, 2028. The July 2, 2026 transactions reflect a portion of this scheduled vesting under the described award terms.