BlackBerry (BB) CEO Giamatteo reports RSU vesting and share sales
Rhea-AI Filing Summary
BlackBerry Limited's CEO & President, Cybersecurity, and director John Giamatteo reported equity transactions dated 01/02/2026. Several batches of Restricted Share Units (RSUs) were exercised, delivering common shares that were added to his direct holdings.
On the same date, he sold portions of these common shares to cover withholding taxes upon RSU vesting, with reported weighted average sale prices of $3.82 per share for trades executed in a price range of $3.80 to $3.87, exclusive of fees and commissions. Following the reported transactions, he directly owned 738,048 BlackBerry common shares as shown in the filing.
The RSU awards referenced were originally granted on January 2, 2024, vesting in three equal annual installments through January 2, 2027, and on April 2, 2025, vesting in twelve equal quarterly installments through April 2, 2028.
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FAQ
What insider transaction did BlackBerry (BB) report for John Giamatteo?
The filing shows that John Giamatteo, BlackBerry's CEO & President, Cybersecurity, and a director, exercised multiple Restricted Share Units (RSUs) into common shares on 01/02/2026 and sold a portion of the resulting shares.
How many BlackBerry shares did John Giamatteo hold after the reported transactions?
After the reported RSU exercises and share sales on 01/02/2026, John Giamatteo directly beneficially owned 738,048 BlackBerry common shares according to the Form 4 table.
At what prices were John Giamatteo’s BlackBerry (BB) shares sold in this filing?
The reported sales used a $3.82 weighted average price per share, with individual trades occurring in a range from $3.80 to $3.87 per share, exclusive of fees, commissions or other expenses.
Why did John Giamatteo sell BlackBerry shares in connection with these RSUs?
The filing explains that the share sales were made to cover withholding taxes upon vesting of Restricted Share Units ("RSUs"), meaning a portion of the vested shares was sold to satisfy tax obligations.
What are the vesting schedules of the RSU awards reported for BlackBerry’s CEO?
One RSU award was granted on January 2, 2024 and vests in three equal annual installments ending January 2, 2027. Another was granted on April 2, 2025 and vests in twelve equal quarterly installments ending April 2, 2028, assuming continued employment.
How do the reported RSUs convert into BlackBerry (BB) common shares?
Each RSU represents a contingent right to receive one BlackBerry common share, an equivalent amount of cash, or a combination of the two, at BlackBerry Limited’s discretion, as described in the filing.