Armstrong-Owen Jennifer 4

What Happened

• Jennifer Armstrong-Owen, Senior Vice President & Chief People Officer at BlackBerry Limited, reported the conversion/exercise of 6,146 contingent units (derivative/RSU-related) and an open‑market sale of 2,556 shares. The sale was executed at a weighted average price of $11.22 per share for total proceeds reported as $28,678. Footnotes indicate the sale was to cover taxes on vesting RSUs.

Key Details

• Transaction date: July 2, 2026; Form filed July 6, 2026 (timely filing).
• Sale: 2,556 shares sold, weighted‑average price $11.22 (sales ranged $11.15–$11.40). Total proceeds ≈ $28,678. (F3: multiple prices; full breakdown available on request.)
• Derivative action: 6,146 units exercised/converted (reported as derivative M transactions). F1: each unit is a contingent right to one common share or cash at the company’s discretion.
• Reason for sale: F2 notes sales were to cover withholding taxes upon RSU vesting.
• Vesting schedule context: The award was granted April 2, 2025 and vests in 12 equal quarterly installments through April 2, 2028 (F4).
• Shares owned after the transactions: not specified in the filing.

Context

• This appears to be a routine tax‑withholding sale tied to RSU vesting rather than an independent, discretionary investment sale. The derivative entries reflect conversion/exercise of vested contingent units; some or all of the resulting shares were used to satisfy tax withholding obligations. No indication of a 10% owner or other special circumstances in the filing.