[Form 4] BLACKBERRY Ltd Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Mattias Eriksson, President of IoT at BlackBerry Ltd (BB). On 10/02/2025 he was credited with 12,291 Restricted Share Units (RSUs) that vest quarterly through 04/02/2028, each unit representing a contingent right to one common share or cash at the company's discretion. On the same date he sold 5,914 common shares at a weighted-average price of $4.62 (individual sale prices ranged from $4.57 to $4.67) to cover tax withholding. After these transactions his beneficial ownership is reported as 291,340 common shares.

Insights

Corporate Governance Analyst

Insider compensation and routine tax-related sale; no unexplained large disposals.

The crediting of 12,291 RSUs increases potential long-term alignment between the reporting officer and shareholders because the award vests in equal quarterly installments through 04/02/2028. The RSUs are conditional rights that may be settled in shares or cash, which affects dilution differently depending on the settlement method.

The contemporaneous sale of 5,914 shares at a weighted-average $4.62 is disclosed as a tax-withholding sale on vesting, a common practice that reduces net share accumulation for the executive without indicating discretionary selling for liquidity. Monitor the vesting schedule across 2025–2028 for incremental share issuance or cash settlements that could affect share count.

Compensation Analyst

RSU grant timing and multi-year vesting suggest retention-focused pay.

The award, granted on 04/02/2025, vests in twelve equal quarterly installments ending 04/02/2028, signaling a multi-year retention design. Because each unit is convertible to either shares or cash at company discretion, the ultimate dilution and expense depend on the chosen settlement method.

Tax-withholding sales removed 5,914 shares at prices between $4.57 and $4.67, trimming the immediate net gain from the vest. Watch reported settlement elections (share vs cash) at each vesting date to assess future dilution and executive net ownership over the next 3 years.

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^*

ERIKSSON MATTIAS

(Last) (First) (Middle)

C/O BLACKBERRY LIMITED

2200 UNIVERSITY AVENUE EAST

(Street)

WATERLOO A6 N2K 0A7

(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)
	President of IoT

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		12,291	A	(1)	297,254	D
Common Shares	10/02/2025		S		5,914	D(2)	$4.62(3)	291,340	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			12,291	(4)	(4)	Common Shares	12,291	(1)	122,910	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 Mattias Eriksson	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 Mattias Eriksson report on Form 4 for BlackBerry (BB)?

He reported receipt of 12,291 RSUs and the sale of 5,914 common shares on 10/02/2025, leaving 291,340 shares beneficially owned.

Why were 5,914 shares sold by the reporting person?

The sale is disclosed as a tax-withholding sale upon vesting of RSUs; sale prices ranged from $4.57 to $4.67.

When do the newly granted RSUs vest?

The award vests in twelve equal quarterly installments, with the final vesting on 04/02/2028.

How many shares does the reporting person own after the transactions?

The Form 4 reports 291,340 common shares beneficially owned following the transactions.

Could the RSUs cause dilution to existing shareholders?

Yes; each RSU represents a contingent right to one common share or cash at the company's discretion, so share-settled grants would increase share count while cash settlement would not.