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BlackBerry (BB) executive exercises 66,372 RSUs and sells shares to cover taxes

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

Rhea-AI Filing Summary

BlackBerry Ltd director and executive John Joseph Giamatteo exercised and sold shares in a routine compensation-related transaction. On April 2, 2026, he exercised 66,372 Restricted Share Units, receiving the same number of BlackBerry common shares at a conversion price of $0.00 per share.

On the same date, he then sold 27,066 common shares in open-market transactions at a weighted average price of about $3.56 per share, according to the filing. A footnote explains these sales were made to cover withholding taxes due upon the vesting of the RSUs, indicating a tax-related liquidity step rather than a purely discretionary sale.

Following the transactions, Giamatteo directly owned 899,146 common shares of BlackBerry, showing that he retained a substantial equity stake after satisfying tax obligations linked to his stock-based compensation.

Positive

  • None.

Negative

  • None.
Insider GIAMATTEO JOHN JOSEPH
Role CEO & President, Secure Comm.
Sold 27,066 shs ($96K)
Type Security Shares Price Value
Exercise Restricted Share Units 66,372 $0.00 --
Exercise Common Shares 66,372 $0.00 --
Sale Common Shares 27,066 $3.56 $96K
Holdings After Transaction: Restricted Share Units — 530,972 shares (Direct); Common Shares — 926,212 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. 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 $3.56 to $3.57, 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.
RSUs exercised 66,372 units Restricted Share Units converted to common shares on April 2, 2026
Shares sold 27,066 shares Common shares sold in open-market transactions on April 2, 2026
Sale price range $3.56–$3.57 per share Weighted average sale price range, excluding fees and commissions
Post-transaction holdings 899,146 shares Common shares directly owned after all transactions
Exercise price $0.00 per share Conversion price for 66,372 Restricted Share Units into common shares
RSU vesting schedule 12 quarterly installments Grant on April 2, 2025 vests through April 2, 2028 with continued employment
Restricted Share Units financial
"Each unit represents a contingent right to receive one common share or an equivalent amount of cash"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
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"
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.
vesting financial
"assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
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*
GIAMATTEO JOHN JOSEPH
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO & President, Secure Comm.
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026		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
Common Shares04/02/2026M66,372A(1)926,212D
Common Shares04/02/2026S27,066D(2)$3.56(3)899,146D
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
Restricted Share Units(1)04/02/2026M66,372 (4) (4)Common Shares66,372(1)530,972D
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 $3.56 to $3.57, 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 John Giamatteo04/07/2026
** 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 did BlackBerry (BB) executive John Giamatteo do in this Form 4 filing?

John Giamatteo exercised 66,372 Restricted Share Units into common shares, then sold 27,066 shares in open-market trades. The filing states these sales were used to cover withholding taxes on the RSU vesting.

How many BlackBerry (BB) shares does John Giamatteo own after these transactions?

After the reported transactions, John Giamatteo directly owns 899,146 BlackBerry common shares. This figure reflects his position following the RSU exercise of 66,372 shares and the tax-related sale of 27,066 shares on April 2, 2026.

At what price were John Giamatteo’s BlackBerry (BB) shares sold in this Form 4?

The shares were sold at a weighted average price of about $3.56 per share. A footnote notes multiple trades occurred in a range from $3.56 to $3.57, exclusive of fees, commissions, and other expenses.

What type of derivative securities did John Giamatteo exercise in BlackBerry (BB)?

He exercised Restricted Share Units, which each represent a contingent right to receive one common share, cash, or a combination. In this case, 66,372 RSUs converted into the same number of BlackBerry common shares at a $0.00 exercise price.

When do John Giamatteo’s BlackBerry (BB) RSU awards vest?

A footnote states the RSU award was granted on April 2, 2025 and, assuming continued employment, vests in twelve equal quarterly installments ending on April 2, 2028, indicating a multi-year vesting schedule for this equity grant.