BlackBerry (NYSE: BB) CLO sells 4,195 shares and nets more stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BlackBerry Limited’s Chief Legal Officer and Corporate Secretary, Philip S. Kurtz, reported routine equity compensation activity. He exercised 7,375 Restricted Share Units into the same number of common shares at $0.00 per share, linked to an RSU award granted on April 2, 2025 that vests quarterly through April 2, 2028.
On the same date, he sold 4,195 common shares at a weighted average price of $11.56 per share, in multiple trades between $11.40 and $11.65, specifically to cover withholding taxes upon RSU vesting. Following these transactions, he directly holds 120,664 common shares and 51,620 RSUs, indicating a net increase in his equity-based exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,195 shares ($48,494)
Net Sell
3 txns
Insider
Kurtz Philip S.
Role
CLO & Corp. Secretary
Sold
4,195 shs ($48K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 7,375 | $0.00 | -- |
| Exercise | Common Shares | 7,375 | $0.00 | -- |
| Sale | Common Shares | 4,195 | $11.56 | $48K |
Holdings After Transaction:
Restricted Share Units — 51,620 shares (Direct, null);
Common Shares — 124,859 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 was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.40 to $11.65, 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: 4,195 shares
Weighted average sale price: $11.56 per share
RSUs exercised: 7,375 units
+3 more
6 metrics
Shares sold
4,195 shares
Common shares sold on July 2, 2026
Weighted average sale price
$11.56 per share
Common share sales between $11.40 and $11.65
RSUs exercised
7,375 units
Restricted Share Units converted into common shares
Common shares held after
120,664 shares
Direct ownership following transactions
RSUs held after
51,620 units
Restricted Share Units remaining after conversion
Sale price range
$11.40–$11.65 per share
Range of prices for multiple sale trades
Key Terms
Restricted Share Units, weighted average price, withholding taxes, derivative security, +1 more
5 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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each unit represents a contingent right to receive one common share or an equivalent amount of cash"
FAQ
What did BlackBerry (BB) executive Philip S. Kurtz report in this Form 4?
Philip S. Kurtz reported RSU vesting and related share sales. He exercised 7,375 Restricted Share Units into common shares and sold 4,195 common shares to cover withholding taxes, reflecting routine equity compensation activity rather than a discretionary reduction in his overall position.
What are the key terms of Philip S. Kurtz’s BlackBerry (BB) RSU award?
The RSU award was granted on April 2, 2025 and vests in twelve equal quarterly installments ending April 2, 2028, assuming continued employment. Each unit can settle into one common share, cash equivalent, or a combination, at BlackBerry Limited’s discretion, as described in the footnotes.