BB Form 4: 7,375 RSUs granted; 4,345 shares sold at $4.61
Rhea-AI Filing Summary
BlackBerry Limited (BB) reporting person Philip S. Kurtz, Chief Legal Officer and Corporate Secretary, recorded both an acquisition and a sale of common shares on 10/02/2025. He received 7,375 RSUs that convert to common shares (or cash at the company's discretion), increasing his direct beneficial ownership to 102,843 shares. Concurrently, 4,345 shares were sold at a weighted average price of $4.61 (converted from CAD) to cover withholding taxes on vesting. The RSU award was originally granted on April 2, 2025 and vests quarterly through April 2, 2028.
The filing clarifies that the RSUs are contingent rights to receive shares or equivalent cash and that the reported sale price reflects multiple transactions between $4.57 and $4.67. Following these routine compensation-related transactions, the reporting person remains a significant insider with continued direct ownership of shares.
Positive
- 7,375 RSUs vested/included on 10/02/2025, increasing insider stake to 102,843 shares
- RSU award has scheduled quarterly vesting through April 2, 2028, aligning executive incentives with future performance
Negative
- 4,345 shares were sold on 10/02/2025 at a weighted avg price of $4.61, reducing direct holdings
- Sale occurred in multiple transactions across $4.57–$4.67, indicating partial liquidity realized upon vesting
Insights
Routine compensation vesting and tax-withholding sale; signals continued insider alignment with ownership.
The transaction shows a standard executive compensation mechanics: 7,375 RSUs vested (or were deemed acquired) on 10/02/2025, increasing direct holdings to 102,843 shares. The RSUs are contingent rights convertible to shares or cash, granted April 2, 2025, with scheduled quarterly vesting through April 2, 2028.
To cover withholding taxes, 4,345 shares were sold at a weighted average of $4.61, executed across prices from $4.57 to $4.67. This is a common tax-offset action and does not by itself indicate a change in long-term insider alignment; monitor future filings for additional sales or departures over the next 12–36 months.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 7,375 | $0.00 | -- |
| Exercise | Common Shares | 7,375 | $0.00 | -- |
| Sale | Common Shares | 4,345 | $4.61 | $20K |
Footnotes (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. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")". The price reported was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date. 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. 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.
