BlackBerry (BB) director awarded 23,230 deferred share units in Form 4

Rhea-AI Filing Summary

Wouters Wayne reported acquisition or exercise transactions in this Form 4 filing.

BlackBerry Limited director Wayne Wouters received a grant of 23,230 Deferred Share Units (DSUs). This award, effective on February 28, 2026, increased his directly held DSUs to 397,751. Each DSU is economically equal to one common share and becomes payable in cash, shares, or both after he ceases serving as a director.

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

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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^*

Wouters Wayne

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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

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
Deferred Share Unit	(1)	02/28/2026		A		23,230		(1)	(1)	Common Shares	23,230	(1)	397,751	D

Explanation of Responses:

1. Each Deferred Share Unit ("DSU") is the economic equivalent of one common share. The DSUs become payable, in cash or common shares or a combination of the two, at the discretion of BlackBerry Limited ("BlackBerry") following cessation of the reporting person's service as a director of BlackBerry.

Remarks:

	/s/ Fraser Deziel, Attorney-in-Fact for Wayne Wouters	03/03/2026
	** 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).
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FAQ

What insider transaction did BlackBerry (BB) director Wayne Wouters report?

Wayne Wouters reported receiving a grant of 23,230 Deferred Share Units. This equity award increased his directly held DSUs to 397,751 and represents additional stock-based compensation rather than an open-market purchase or sale of BlackBerry common shares.

How many Deferred Share Units were granted to the BlackBerry (BB) director?

The director received 23,230 Deferred Share Units in this transaction. Following the grant, his total directly held DSUs rose to 397,751, reflecting an increase in his equity-based compensation tied to the economic value of BlackBerry common shares.

What is a Deferred Share Unit in the context of BlackBerry (BB)?

A Deferred Share Unit is an award economically equivalent to one BlackBerry common share. These DSUs are not paid immediately; they become payable in cash, common shares, or a combination at BlackBerry’s discretion after the director’s service on the board ends.

When do the BlackBerry (BB) Deferred Share Units granted to Wayne Wouters become payable?

The Deferred Share Units become payable after Wayne Wouters ceases serving as a director. At that time, BlackBerry may settle them in cash, common shares, or a combination of both, based on the company’s discretion under its compensation arrangements.

Did the BlackBerry (BB) director buy or sell shares in the market in this Form 4?

No market buy or sell occurred; the filing shows a grant acquisition of DSUs. The transaction code “A” and description indicate a grant, award, or other acquisition of derivative equity, not an open-market trade in BlackBerry common shares.

How does this DSU grant affect the BlackBerry (BB) director’s ownership position?

The grant increases Wayne Wouters’ directly held Deferred Share Units to 397,751. Each DSU is economically equal to a common share, so the award expands his equity-linked exposure to BlackBerry, payable in the future after his board service ends.