BRACE PHILIP G 4

What Happened

• Philip G. Brace, a director of BlackBerry Limited (BB), received an award of 8,750 Deferred Share Units (DSUs) on May 31, 2026. The Form 4 lists this as a derivative acquisition (transaction code A). No per-share price or immediate cash value is reported because DSUs are not issued as common shares at grant.

Key Details

• Transaction date: 2026-05-31 (Form 4 filed 2026-06-01; accession 0001070235-26-000065).
• Transaction type: Grant of DSUs (derivative award), code A.
• Shares/units granted: 8,750 DSUs. Price: N/A (DSUs are not issued as shares at grant).
• Shares owned after transaction: Not specified in the filing.
• 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’s service ends (see footnote F1).
• Timeliness: Filing appears timely (reported for period 2026-05-31 and filed 2026-06-01).

Context

• DSUs are a form of director compensation that track the value of common shares but typically settle only when the director leaves the board; they are not an immediate purchase or sale. Such awards are routine for board members and do not necessarily indicate a buy/sell signal from the insider.