DISBROW LISA S 4

What Happened

• Lisa S. Disbrow, a director of BlackBerry Limited (BB), was granted 24,337 Deferred Share Units (DSUs) on February 28, 2026. The Form 4 reports this as an award/derivative acquisition (no per-share price or immediate cash value was reported). This was not a market purchase or sale but a compensation award typical for board service.

Key Details

• Transaction date: 2026-02-28; Form 4 filed: 2026-03-03 (no late-filing flag shown on the face of the report).
• Security: Deferred Share Units (DSUs) — reported as a derivative award (code A).
• Quantity: 24,337 DSUs granted.
• Price/Value: N/A on the filing (DSUs recorded as economic equivalents, not an open-market price).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: Each DSU equals the economic equivalent of one common share and becomes payable — in cash, common shares, or a combination — at BlackBerry’s discretion after the director stops serving (Footnote F1).

Context

• DSU awards are a common form of non-cash director compensation and do not represent an immediate buy or sell of common stock; they are meant to provide deferred pay tied to future service cessation. Such awards are routine and shouldn't be read as a direct market sentiment signal.