BlackBerry CEO sells shares to cover RSU taxes

BlackBerry Limited director and CEO John Joseph Giamatteo reported an RSU vesting and related tax sale.

Rhea-AI Filing Summary

BlackBerry Limited director and CEO John Joseph Giamatteo reported an RSU vesting and related tax sale. On July 2, 2026, he exercised 66,372 Restricted Share Units into an equal number of common shares at a conversion price of $0.00 per share.

On the same date, he sold 28,272 common shares at a weighted average price of $11.22 per share, with footnotes stating the sale was to cover withholding taxes upon RSU vesting. Following these transactions, he directly holds 937,246 common shares and 464,600 Restricted Share Units.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider GIAMATTEO JOHN JOSEPH

Role CEO & President, Secure Comm.

Sold 28,272 shs ($317K)

Approx. gross sale proceeds $317K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	66,372	$0.00	$0.00
Exercise	Common Shares	66,372	$0.00	$0.00
Sale	Common Shares	28,272	$11.22	$317K

Holdings After Transaction: Restricted Share Units — 464,600 contracts (Direct); Common Shares — 937,246 shares (Direct)

Footnotes (4)

1. F1. 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. F2. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.15 to $11.40, 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. F4. 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.

Key Figures

Shares sold: 28,272 shares Weighted average sale price: $11.22 per share RSUs exercised: 66,372 units +5 more

8 metrics

Shares sold 28,272 shares Common shares sold on July 2, 2026

Weighted average sale price $11.22 per share Common share sale on July 2, 2026

RSUs exercised 66,372 units Restricted Share Units converted to common shares

Conversion price $0.00 per share Exercise of 66,372 Restricted Share Units

Common shares held after 937,246 shares Direct ownership after July 2, 2026 transactions

RSUs held after 464,600 units Restricted Share Units remaining after exercise

Sale price range $11.15–$11.40 per share Range of prices for tax-related share sales

RSU grant vesting period 12 quarterly installments From April 2, 2025 through April 2, 2028

Key Terms

Restricted Share Units, weighted average price, withholding taxes, derivative security

4 terms

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 ("RSUs")."

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.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BlackBerry (BB) CEO John Giamatteo report in this Form 4?

BlackBerry CEO John Giamatteo reported an RSU vesting and related share sale. He converted 66,372 Restricted Share Units into common shares, then sold 28,272 shares mainly to cover withholding taxes, while retaining a substantial common share and RSU position.

How many BlackBerry (BB) shares did the CEO sell and at what price?

John Giamatteo sold 28,272 BlackBerry common shares at a weighted average price of $11.22. Footnotes explain these shares were sold in multiple trades between $11.15 and $11.40 per share, primarily to cover tax obligations tied to RSU vesting.

How many Restricted Share Units did the BlackBerry (BB) CEO vest and exercise?

The CEO exercised 66,372 Restricted Share Units into an equal number of BlackBerry common shares at a $0.00 conversion price. Each RSU represents a contingent right to receive one common share or cash, at BlackBerry Limited’s discretion, upon meeting vesting conditions.

What are John Giamatteo’s BlackBerry (BB) holdings after these transactions?

After the reported transactions, John Giamatteo directly holds 937,246 BlackBerry common shares. He also holds 464,600 Restricted Share Units, which are equity awards that may settle in shares or cash in the future, subject to continued employment and vesting terms.

Were the BlackBerry (BB) CEO’s share sales discretionary market sales?

The filing shows the 28,272-share sale used transaction code S, but a footnote states the sales were to cover withholding taxes upon RSU vesting. This indicates the disposition was primarily tax-related, not a purely discretionary open-market liquidation of his equity position.

How do the BlackBerry (BB) CEO’s RSUs vest over time?

A disclosed RSU award was granted on April 2, 2025 and vests in twelve equal quarterly installments, ending April 2, 2028, assuming continued employment. This structure spreads vesting over three years, aligning a portion of the CEO’s compensation with BlackBerry’s long-term performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/06/2026 - 04:48 PM Learn about SEC filing dates

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^*

GIAMATTEO JOHN JOSEPH

(Last) (First) (Middle)

C/O BLACKBERRY LIMITED

2200 UNIVERSITY AVENUE EAST

(Street)

WATERLOO N2K 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President, Secure Comm.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/02/2026		M		66,372	A	(1)	965,518	D
Common Shares	07/02/2026		S		28,272	D(2)	$11.22(3)	937,246	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)	07/02/2026		M			66,372	(4)	(4)	Common Shares	66,372	(1)	464,600	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 $11.15 to $11.40, 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 Giamatteo	07/06/2026
	** 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).
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)