Foote Tim 4
4 · BLACKBERRY Ltd · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
BlackBerry (BB) CFO Tim Foote Sells Shares After Conversion
What Happened Tim Foote, Chief Financial Officer of BlackBerry Limited (BB), converted/vested 19,089 contingent units into common shares on July 9, 2026 and sold 8,235 of those shares in an open-market transaction. The shares sold had a weighted average price of $10.92 for gross proceeds of $89,926. The filing notes the sale was to cover withholding taxes tied to RSU vesting.
Key Details
- Transaction date: July 9, 2026; Form filed July 10, 2026 (timely).
- Conversion/exercise: 19,089 units converted to shares (reported as derivative exercise/conversion).
- Open-market sale: 8,235 shares sold at a weighted average price of $10.92 (range $10.90–$10.95), proceeds ~$89,926.
- Purpose: Footnote F2 states sales were to cover withholding taxes on RSU vesting.
- Footnotes: F1 — units are contingent rights to receive one share or cash; F4 — award granted Apr 9, 2026, vests in 12 equal quarterly installments through Apr 9, 2029.
- Shares owned after the transaction: not specified in the provided excerpt.
Context This filing reflects a routine conversion/vesting event and a partial sale to satisfy tax withholding rather than an open-ended investment decision. For derivative transactions, the filing shows conversion of contingent units into shares; some of those shares were sold immediately (tax-withholding sale). Such tax-covering sales are common following RSU vesting and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Shares
[F1]2026-07-09+19,089→ 81,770 total - Sale
Common Shares
[F3][F2]2026-07-09$10.92/sh−8,235$89,926→ 73,535 total - Exercise/Conversion
Restricted Share Units
[F1][F4]2026-07-09−19,089→ 209,968 total→ Common Shares (19,089 underlying)
Footnotes (4)
- [F1]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.
- [F2]Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $10.95, 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.
- [F4]This award was granted on April 9, 2026 and, assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments ending April 9, 2029.