Foote Tim 4

4 · BLACKBERRY Ltd · Filed Apr 7, 2026

AI-generated summary of this filing

Updated Apr 7, 2026

BlackBerry (BB) CFO Tim Foote Sells Shares, Converts RSUs

What Happened

Tim Foote, Chief Financial Officer of BlackBerry Limited, converted contingent equity awards (derivative/RSU conversions) into 27,629 common shares (20,254 on 2026-04-04 and 7,375 on 2026-04-02). He sold a total of 9,230 shares in open-market transactions to cover withholding taxes, generating proceeds of approximately $32,859 (weighted average sale price ~$3.56–$3.57 per share).
These transactions are routine tax-withholding sales tied to vesting of equity awards rather than discretionary insider stock selling for investment reasons.

Key Details

Transaction dates: 2026-04-02 (conversion of 7,375 shares; sale of 2,468 shares for $8,786) and 2026-04-04 (conversion of 20,254 shares; sale of 6,762 shares for $24,073).
Sale price: weighted average ~$3.56 (range $3.56–$3.57); total proceeds ≈ $32,859.
Shares acquired via conversion: 27,629 (from contingent rights/RSUs); shares sold: 9,230 to cover taxes.
Shares owned after transaction: not specified in the filing.
Footnotes: F1 clarifies each unit is a contingent right to a share or cash; F2 confirms sales were to cover withholding taxes; F3 notes the reported price is a weighted average of multiple trades; F4/F5 describe the original RSU grant dates and vesting schedules (Apr 4, 2024 grant vesting in 3 annual installments through Apr 4, 2027; Apr 2, 2025 grant vesting in 12 quarterly installments through Apr 2, 2028).
Filing: Form 4 filed 2026-04-07 reporting the 4/02 and 4/04 transactions (no late-filing flag noted in the form).

Context

The reported "M" transactions are conversions/exercises of derivative awards (RSUs/contingent units). Because shares were sold immediately to cover withholding taxes (per footnote F2), this is a routine, administrative sale rather than a discretionary sell indicating a change in insider sentiment. Purchases are generally more indicative of a bullish signal; this filing documents vesting and tax-related disposition.

Form 4

Period: 2026-04-02

Chief Financial Officer

Transactions

Exercise/Conversion
Common Shares
[F1]
2026-04-04+20,254→ 83,039 total
Sale
Common Shares
[F3][F2]
2026-04-04$3.56/sh−6,762$24,073→ 76,277 total
Exercise/Conversion
Common Shares
[F1]
2026-04-02+7,375→ 83,652 total
Sale
Common Shares
[F3][F2]
2026-04-02$3.56/sh−2,468$8,786→ 81,184 total
Exercise/Conversion
Restricted Share Units
[F1][F4]
2026-04-04−20,254→ 20,254 total
→ Common Shares (20,254 underlying)
Exercise/Conversion
Restricted Share Units
[F1][F5]
2026-04-02−7,375→ 58,995 total
→ Common Shares (7,375 underlying)

Footnotes (5)

[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.
[F2]Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
[F3]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.
[F4]This award was granted on April 4, 2024 and, assuming continued employment through the applicable vesting date, vests in three equal annual instalments ending April 4, 2027.
[F5]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.

Signature

/s/ Fraser Deziel, Attorney-in-Fact for Tim Foote|2026-04-07

1 file