BlackBerry (NYSE: BB) CEO sells shares after RSU vesting to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 28,272 shares ($317,212)
Net Sell
3 txns
Insider
GIAMATTEO JOHN JOSEPH
Role
CEO & President, Secure Comm.
Sold
28,272 shs ($317K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 66,372 | $0.00 | -- |
| Exercise | Common Shares | 66,372 | $0.00 | -- |
| Sale | Common Shares | 28,272 | $11.22 | $317K |
Holdings After Transaction:
Restricted Share Units — 464,600 shares (Direct, null);
Common Shares — 965,518 shares (Direct, null)
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 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. 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
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
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.
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.
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.