Armstrong-Owen Jennifer 4

What Happened

• Jennifer Armstrong-Owen, Senior Vice President & Chief People Officer at BlackBerry Limited, had contingent equity units convert/exercise and sold a portion to cover tax withholding. On April 2 and April 4, 2026 she converted/exercised a total of 78,484 contingent units (72,338 on 4/4 and 6,146 on 4/2) and sold 32,796 shares (29,908 on 4/4 and 2,888 on 4/2) for aggregate proceeds of $116,753. The reported weighted average sale price was $3.56 (sales ranged $3.56–$3.57).

Key Details

• Transaction dates: April 2, 2026 and April 4, 2026; Form filed April 7, 2026 (reporting period through 4/2/2026).
• Sales: 29,908 shares on 4/4 for $106,472; 2,888 shares on 4/2 for $10,281 — total 32,796 shares for $116,753.
• Exercises/conversions (derivative M code): 72,338 units on 4/4 and 6,146 units on 4/2 (these were contingent rights to receive shares or cash).
• Footnotes: F1 — each unit is a contingent right to one share or cash at BlackBerry’s discretion; F2 — sales were to cover withholding taxes on vesting RSUs; F3 — weighted average sale price and price range provided; F4/F5 — grants dated 4/4/2024 and 4/2/2025 with multi-year vesting schedules.
• Shares owned after the transactions are not specified in this filing.
• No late filing flag is indicated in the supplied data.

Context

• This appears to be a routine cashless tax-withholding sale tied to vesting of restricted share units (RSUs)/contingent units rather than a discretionary open-market sale for investment purposes. The derivative entries reflect conversion/settlement of contingent rights into shares (some or all of which were sold to satisfy withholding). Such sales are common for employees when awards vest and do not by themselves imply a change in insider sentiment.