Armstrong-Owen Jennifer 4

What Happened

• Jennifer Armstrong-Owen, Senior Vice President & Chief People Officer of BlackBerry Limited, had RSU units convert on July 9, 2026 and sold 3,296 shares in an open-market sale for total proceeds of $35,992 (weighted average price $10.92).
• The Form 4 shows conversion/exercise of 7,636 derivative units (reported as "M") on July 9, 2026; 3,296 of the resulting shares were sold the same day to cover tax withholding. The reported sale prices ranged $10.90–$10.95 (weighted avg $10.92).

Key Details

• Transaction date: July 9, 2026; Form 4 filed July 10, 2026 (timely).
• Sale: 3,296 shares disposed for $35,992 (weighted avg $10.92; range $10.90–$10.95).
• Conversion/Exercise: 7,636 derivative units converted on July 9, 2026.
• Footnotes: F1 — each unit is a contingent right to one share or cash at BlackBerry’s discretion; F2 — sale was to cover withholding taxes on RSU vesting; F3 — weighted-average price with per-share range; F4 — award originally granted April 9, 2026 and vests in 12 equal quarterly installments through April 9, 2029.
• Shares owned after the transactions are not disclosed in the provided filing excerpt.
• Transaction codes: M = exercise/conversion of a derivative; S = sale; the sale here appears routine tax-withholding rather than a discretionary market sell.

Context

• This appears to be a routine cashless-type settlement of vested restricted share units (RSUs) where a portion of shares is sold to cover taxes. Such withholding sales are common and not typically read as a directional insider signal.
• The RSU award was granted April 9, 2026 and vests quarterly through April 9, 2029; the July 9 conversion aligns with a scheduled vesting installment.