Bahash Lisa 4

What Happened
Lisa Bahash, a director of BlackBerry Limited (BB), received an award of 23,599 Deferred Share Units (DSUs) on February 28, 2026. The grant is recorded as a derivative award (no per-share price or immediate cash value reported). DSUs are the economic equivalent of one common share each but are payable — in cash, common shares, or a combination — only after the director stops serving on the board.

Key Details

• Transaction date: 2026-02-28; Filing date: 2026-03-03 (Form 4 accession 0001070235-26-000008).
• Amount: 23,599 Deferred Share Units (derivative award); price listed as N/A.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Each DSU equals one common share economically; payout (cash, shares, or both) occurs at BlackBerry’s discretion after Bahash’s board service ends.
• Filing status: Filed on 2026-03-03; the Form 4 shows the grant but does not indicate additional timing exceptions or a 10b5-1 plan.

Context
DSUs are a form of deferred compensation for directors and are common for retaining board members; they are not an immediate purchase or sale and do not necessarily reflect an insider trading signal. Because payout is deferred until departure and may be in cash or stock, the award increases future compensation exposure to BlackBerry’s share performance but does not change current circulating shares until converted.