BlackBerry director acquires 19,608 DSUs, now holds 110,974 units

BlackBerry Limited reported a change in director equity holdings for Lisa Bahash on a Form 4.

Rhea-AI Filing Summary

BlackBerry Limited reported a change in director equity holdings for Lisa Bahash on a Form 4. On 11/30/2025, Bahash acquired 19,608 Deferred Share Units (DSUs), which are derivative securities that each represent the economic value of one common share of BlackBerry. After this transaction, she beneficially owned 110,974 DSUs in total, held directly.

The DSUs will be settled in cash, common shares, or a mix of both, at the discretion of BlackBerry after Bahash ceases serving as a director. This filing reflects ongoing director compensation in the form of equity-linked awards rather than open-market stock purchases or sales.

Insider Trade Summary

Grant/Award: 19,608 shares

Grant/Award 1 txn

Insider Bahash Lisa

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	19,608	$0.00	$0.00

Holdings After Transaction: Deferred Share Unit — 110,974 contracts (Direct)

Footnotes (1)

1. F1. 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.

FAQ

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

What insider transaction did BlackBerry (BB) report for director Lisa Bahash?

BlackBerry reported that director Lisa Bahash acquired 19,608 Deferred Share Units (DSUs) on 11/30/2025, increasing her equity-linked stake in the company.

How many BlackBerry (BB) Deferred Share Units does Lisa Bahash own after this transaction?

Following the reported transaction, Lisa Bahash beneficially owns 110,974 DSUs, held directly, according to the Form 4.

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

Each Deferred Share Unit is described as the economic equivalent of one BlackBerry common share, with value tied to the share price but settled at a later date.

When are BlackBerry (BB) DSUs for Lisa Bahash payable?

The DSUs become payable, in cash, common shares, or a combination of the two, at BlackBerry's discretion after Bahash ceases serving as a director.

Does this BlackBerry (BB) Form 4 involve common shares or derivative securities?

The reported transaction involves derivative securities in the form of Deferred Share Units, which are economically equivalent to common shares but are not immediate share issuances.

Is Lisa Bahash the only reporting person on this BlackBerry (BB) Form 4?

Yes. The form indicates it is filed by one reporting person, and identifies Lisa Bahash as a director of BlackBerry.

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

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Accepted by SEC EDGAR 12/01/2025 - 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^*

Bahash Lisa

(Last) (First) (Middle)

C/O BLACKBERRY LIMITED

2200 UNIVERSITY AVENUE EAST

(Street)

WATERLOO A6 N2K0A7

(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		19,608		(1)	(1)	Common Shares	19,608	(1)	110,974	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 Bahash	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.