Foote Tim 4

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.