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BlackBerry (BB) CLO awarded 8,533 performance RSUs, total holdings now 17,278

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kurtz Philip S. reported acquisition or exercise transactions in this Form 4 filing.

BlackBerry Limited reported that its CLO and Corporate Secretary, Philip S. Kurtz, received a grant of 8,533 Performance-Based Restricted Share Units. Each unit represents a contingent right to receive one common share, cash of equivalent value, or a combination, at BlackBerry’s discretion.

The award was determined based on satisfaction of performance conditions and will vest on January 2, 2027, if he remains employed by BlackBerry Limited on that date. Following this grant, Mr. Kurtz holds 17,278 Performance-Based RSUs directly.

Positive

  • None.

Negative

  • None.
Insider Kurtz Philip S.
Role CLO & Corp. Secretary
Type Security Shares Price Value
Grant/Award Performance-Based Restricted Share Units 8,533 $0.00 --
Holdings After Transaction: Performance-Based Restricted Share Units — 17,278 shares (Direct)
Footnotes (1)
  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. Reflects an amount of Performance-Based Restricted Share Units ("RSUs") determined in accordance with satisfaction of performance conditions. RSUs will vest on January 2, 2027 if the reporting person is employed by BlackBerry Limited as of that date.
RSUs granted 8,533 units Performance-Based Restricted Share Units granted March 31, 2026
Total RSUs held after grant 17,278 units Performance-Based RSUs directly owned after transaction
Vesting date January 2, 2027 RSUs vest if still employed by BlackBerry Limited
Transaction price per RSU $0.00 Compensation grant, not an open-market purchase
Underlying security 8,533 common shares Each RSU tied to one common share equivalent
Performance-Based Restricted Share Units financial
"Reflects an amount of Performance-Based Restricted Share Units ("RSUs") determined in accordance"
Performance-based restricted share units are promises to give company stock to employees or executives only if the business hits specified targets, such as revenue, profit or stock performance; think of them as a bonus paid in shares that only vests when certain goals are met. They matter to investors because they align management incentives with shareholder outcomes, can dilute share count when paid out, and reveal how leadership is being rewarded and what milestones the company expects to reach.
RSUs financial
"Reflects an amount of Performance-Based Restricted Share Units ("RSUs") determined in accordance"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"Each unit represents a contingent right to receive one common share or an equivalent"
underlying security financial
"underlying_security_title": "Common Shares""
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kurtz Philip S.
(Last)(First)(Middle)
C/O BLACKBERRY LIMITED
2200 UNIVERSITY AVENUE EAST
(Street)
WATERLOON2K 0A7
(City)(State)(Zip)
ONTARIO, CANADA
(Country)		2. Issuer Name and Ticker or Trading Symbol
BLACKBERRY Ltd [ BB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CLO & Corp. Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance-Based Restricted Share Units(1)03/31/2026A8,533 (2) (2)Common Shares8,533(1)17,278D
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. Reflects an amount of Performance-Based Restricted Share Units ("RSUs") determined in accordance with satisfaction of performance conditions. RSUs will vest on January 2, 2027 if the reporting person is employed by BlackBerry Limited as of that date.
Remarks:
/s/ Fraser Deziel, Attorney-in-Fact for Phil Kurtz04/09/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did BlackBerry (BB) report for Philip S. Kurtz?

BlackBerry reported that CLO and Corporate Secretary Philip S. Kurtz received a grant of 8,533 performance-based restricted share units. These units were awarded based on performance conditions and increase his total performance-based RSU holdings to 17,278 units, all held directly.

What are the terms of the new RSU grant to BlackBerry (BB) executive Philip S. Kurtz?

The grant consists of 8,533 performance-based RSUs that vest on January 2, 2027, if Philip S. Kurtz remains employed by BlackBerry. Each unit can settle in one common share, cash of equal value, or a mix, at BlackBerry’s discretion.

When will Philip S. Kurtz’s new BlackBerry (BB) RSUs vest?

The performance-based RSUs granted to Philip S. Kurtz will vest on January 2, 2027, provided he is still employed by BlackBerry Limited on that date. Vesting depends on continued service following an earlier performance-based determination of the award amount.

How many performance-based RSUs does Philip S. Kurtz hold after this BlackBerry (BB) filing?

After this grant, Philip S. Kurtz holds a total of 17,278 performance-based restricted share units. This reflects the addition of 8,533 newly awarded RSUs to his prior derivative holdings, all reported as directly owned in this Form 4 filing.

What does each BlackBerry (BB) performance-based RSU granted to Philip S. Kurtz represent?

Each performance-based RSU represents a contingent right to receive one BlackBerry common share, an equivalent amount of cash, or a combination of both. Settlement method is at BlackBerry Limited’s discretion, giving the company flexibility in how it delivers the award’s value.

Is the BlackBerry (BB) RSU grant to Philip S. Kurtz an open-market share purchase or sale?

No, the RSU grant is a compensation-related award, not an open-market trade. It is classified as a derivative acquisition with no purchase price, representing performance-based equity granted by BlackBerry rather than a buy or sell transaction in the market.