BlackBerry Ltd: CFO Tim Foote exercised 7,375 and sold 3,269 shares

What happened

• Tim Foote, chief financial officer, exercised or converted 7,375 derivative units on Oct 2, 2026. On the same date he sold 3,269 shares in open-market transactions at a weighted average price of $9.20 for $30,075. The filing also reports a disposition of 7,375 derivative units on Oct 2, 2026.

Key details

• Transaction date(s) and price(s): Oct 2, 2026; sale of 3,269 shares at a weighted average price of $9.20 (range $9.06 to $9.32), exercise/conversion entries show no price reported (N/A).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Each unit represents a contingent right to one common share or equivalent cash, at the company's discretion.
  • F2: Sales were to cover withholding taxes upon vesting of restricted share units (RSUs).
  • F3: Weighted average price covers multiple transactions; reporting person can provide a breakdown of prices within the $9.06 to $9.32 range.
  • F4: The award was granted Apr 2, 2025 and vests in 12 equal quarterly installments ending Apr 2, 2028.
• Filing date and timeliness: Form filed Oct 5, 2026 for a reportable transaction on Oct 2, 2026; the filing does not indicate it was late.

Why it may matter

• The filing reports an exercise/conversion of derivative units and an open-market sale; footnote F2 indicates the sale was to cover withholding taxes on RSU vesting. A filing does not show why the insider traded or why the company acted.