BlackBerry (BB) CFO Tim Foote sells 25,878 shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BlackBerry Ltd Chief Financial Officer Tim Foote reported a combination of option exercises and share sales involving the company’s common shares. On July 2, 2026, he exercised 7,375 Restricted Share Units, receiving the same number of common shares at a stated price of $0.00 per share.
On the same date, he sold a total of 25,878 common shares in open-market transactions at weighted average prices of about $11.22 and $12.55 per share. A footnote explains these sales were made to cover withholding taxes upon vesting of RSUs, indicating they were primarily tax-related rather than discretionary.
After these transactions, Foote directly held 58,372 common shares of BlackBerry and 51,620 Restricted Share Units. This filing reflects routine equity compensation activity and associated tax withholding by a senior executive, rather than a wholesale change in ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25,878 shares ($320,691)
Net Sell
4 txns
Insider
Foote Tim
Role
Chief Financial Officer
Sold
25,878 shs ($321K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 7,375 | $0.00 | -- |
| Sale | Common Shares | 22,812 | $12.55 | $286K |
| Exercise | Common Shares | 7,375 | $0.00 | -- |
| Sale | Common Shares | 3,066 | $11.22 | $34K |
Holdings After Transaction:
Restricted Share Units — 51,620 shares (Direct, null);
Common Shares — 58,372 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.55 to $12.58, 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. 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 total: 25,878 shares
First sale price: $11.22 per share
Second sale price (weighted avg.): $12.55 per share
+4 more
7 metrics
Shares sold total
25,878 shares
Common shares sold on July 2, 2026
First sale price
$11.22 per share
3,066 common shares sold
Second sale price (weighted avg.)
$12.55 per share
22,812 common shares sold
RSUs exercised
7,375 units
Restricted Share Units converted to common shares
Common shares held after
58,372 shares
Direct BlackBerry common share holdings post-transaction
RSUs held after
51,620 units
Remaining Restricted Share Units after exercise
Net share change
-25,878 shares
Net buy/sell direction reported as net-sell
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"
FAQ
What insider transactions did BlackBerry (BB) CFO Tim Foote report?
Tim Foote reported exercising 7,375 Restricted Share Units into common shares and selling 25,878 BlackBerry common shares. The sales occurred on July 2, 2026, at weighted average prices around $11.22 and $12.55 per share in open-market transactions.