Foote Tim 4

4 · BLACKBERRY Ltd · Filed Jul 6, 2026

AI-generated summary of this filing

Updated Jul 6, 2026

BlackBerry (BB) CFO Tim Foote Sells Shares, Exercises Units

What Happened

Tim Foote, Chief Financial Officer of BlackBerry Limited, reported multiple transactions on 2026-07-02. He sold a total of 25,878 shares in open-market transactions (22,812 at a $12.55 weighted average; 3,066 at an $11.22 weighted average) for aggregate proceeds of about $320,692. The filing also shows the exercise/conversion of 7,375 derivative units (and a corresponding derivative disposition of 7,375 units) on the same date.
These transactions appear to be related to vesting and routine tax-withholding rather than a discretionary large sell-off (see footnotes below).

Key Details

Transaction date: 2026-07-02; Form filed: 2026-07-06 (filed within the normal Form 4 reporting window).
Sales: 22,812 shares at a weighted avg ~$12.55 (prices ranged $12.55–$12.58 per filing footnote); 3,066 shares at a weighted avg ~$11.22 (prices ranged $11.15–$11.40).
Total reported proceeds from the open-market sales: ~$320,692.
Derivative activity: 7,375 units exercised/converted (reported as "M"); the filing also reports a derivative disposition of 7,375 units.
Shares owned after the transactions: not stated in the provided filing details.
Notable footnotes:
- F1/F4: Reported prices are weighted averages; shares sold across multiple prices within the stated ranges.
- F2: Each unit represents a contingent right to receive one common share or cash at BlackBerry’s discretion.
- F3: Sales were to cover withholding taxes upon vesting of RSUs.
- F5: The award granting the units was issued April 2, 2025 and vests in quarterly installments through April 2, 2028.

Context

The filing indicates vesting-related activity: units converted/exercised and shares sold to cover withholding taxes — a common, routine practice when RSUs vest. For retail investors, such sales typically reflect tax-related liquidity rather than a strong buy/sell signal by the insider.
No late filing flag was indicated; the Form 4 was submitted on 2026-07-06 for a 2026-07-02 transaction.

Form 4

Period: 2026-07-02

Chief Financial Officer

Transactions

Sale
Common Shares
[F1]
2026-07-02$12.55/sh−22,812$286,291→ 58,372 total
Exercise/Conversion
Common Shares
[F2]
2026-07-02+7,375→ 65,747 total
Sale
Common Shares
[F4][F3]
2026-07-02$11.22/sh−3,066$34,401→ 62,681 total
Exercise/Conversion
Restricted Share Units
[F2][F5]
2026-07-02−7,375→ 51,620 total
→ Common Shares (7,375 underlying)

Footnotes (5)

[F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.55 to $12.58, 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.
[F2]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.
[F3]Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
[F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.15 to $11.40, 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.
[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|2026-07-06

1 file