GIAMATTEO JOHN JOSEPH 4

What Happened

John Giammatteo — CEO & President, Secure Communications, and Director of BlackBerry Limited — was granted 172,756 performance-based restricted share units (RSUs) on March 31, 2026. The award is a derivative grant (no cash paid and no per-share price listed). There is no immediate sale or purchase of underlying shares; the units convert to common shares (or cash) only if performance conditions are met and the recipient remains employed.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 9, 2026 (filing appears late vs. the SEC’s usual 2-business-day Form 4 deadline).
• Grant type: Performance-based Restricted Share Units (derivative award); 172,756 units granted.
• Price/Value: N/A on grant (no per-share price reported); conversion value depends on BlackBerry share price and company discretion at vesting.
• Vesting/conditions: Per footnote, each unit represents a contingent right to one common share or cash (or combination) at BlackBerry’s discretion. RSUs will vest January 2, 2027 if performance conditions are satisfied and the reporting person remains employed.
• Shares owned after transaction: Not specified in the provided filing.

Context

Performance-based RSUs are common executive compensation that only become shares (or cash) upon meeting performance goals and continued employment; they are not the same as an immediate buy or sale. Because this is an award rather than a purchase, it is generally less informative about the insider’s short-term sentiment than an open-market purchase or sale. Note the apparent late filing (April 9 for a March 31 grant), which is worth monitoring but does not itself change the substance of the award.