Foote Tim 4

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.