[Form 4] BLACKBERRY Ltd Insider Trading Activity

Rhea-AI Filing Summary

Insider share activity by BlackBerry (BB) shows that Jennifer Armstrong-Owen, BlackBerry's Senior Vice President & Chief People Officer, had 6,146 restricted share units convert to common shares on 10/02/2025, increasing underlying rights to 61,454 common shares. To cover required tax withholding upon vesting, 2,630 shares were sold in multiple transactions at weighted average price $4.62, leaving her with 49,554 directly beneficial common shares after the transactions. The RSU award was granted on April 2, 2025 and vests in twelve equal quarterly installments through 04/02/2028. The filing was signed by an attorney-in-fact on 10/06/2025.

Positive

• RSU vesting of 6,146 units increases underlying rights to 61,454 common shares
• Sale was explicitly for tax withholding, indicating routine compensation settlement rather than discretionary cashing out

Negative

• Direct beneficial ownership decreased to 49,554 common shares after the withholding sale
• Shares sold (2,630) were transacted at a low weighted average price of $4.62, which may reflect current market valuation pressure

Insights

Corporate Governance Specialist

Routine executive vesting and tax-withholding sale, consistent with standard equity compensation practice.

The reporting shows a scheduled vesting event where 6,146 restricted share units converted into common shares on 10/02/2025, increasing the count of underlying rights to 61,454. The subsequent sale of 2,630 shares to cover withholding taxes is explicitly described as "Sales to cover withholding taxes upon vesting of Restricted Share Units (RSUs)."

This pattern is common for equity-compensated officers and indicates no change in role or extraordinary liquidity event. Monitor the remaining quarterly vesting schedule through 04/02/2028 for additional predictable vesting-based ownership changes.

Compensation Analyst

Vesting cadence and disposition details clarify dilution and immediate taxable realization.

The award was granted on 04/02/2025 and vests in twelve equal quarterly installments ending on 04/02/2028, so similar vesting and tax-cover sales can be expected each quarter if withholding is satisfied via share sale. The filing reports a weighted average sale price of $4.62 across transactions ranging $4.57 to $4.67, which defines the cash realized for tax purposes.

Investors concerned with insider ownership levels can track the remaining vested schedule and periodic sales for tax withholding over the next ~2.5 years, which will modestly alter outstanding share counts as units convert and some shares are sold.

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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr VP & Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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
Common Shares	10/02/2025		M		6,146	A	(1)	52,184	D
Common Shares	10/02/2025		S		2,630	D(2)	$4.62(3)	49,554	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)	10/02/2025		M			6,146	(4)	(4)	Common Shares	6,146	(1)	61,454	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 $4.57 to $4.67, 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	10/06/2025
	** 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.

FAQ

What did Jennifer Armstrong-Owen report on the BlackBerry (BB) Form 4 dated 10/02/2025?

The filing reports conversion/vesting of 6,146 RSUs into common shares and the sale of 2,630 shares to cover withholding taxes, leaving 49,554 directly owned shares.

Why were 2,630 BlackBerry shares sold by the reporting person?

The filing states the sales were to cover withholding taxes upon vesting of Restricted Share Units (RSUs).

What price were the sold BlackBerry shares transacted at?

The weighted average price reported was $4.62, with individual sales ranging from $4.57 to $4.67.

How does the RSU vesting schedule work for this award?

The award was granted on 04/02/2025 and vests in twelve equal quarterly installments ending on 04/02/2028.

How many total underlying shares are associated with the reporting person's RSUs after the transaction?

Following the conversion, the report shows 61,454 common shares as the amount underlying the RSU awards.