BlackBerry Ltd: CEO and president Giamatteo John Joseph sold 27,004 shares

What happened

• The filing shows Giamatteo John Joseph, CEO and president and a director, exercised or converted derivatives for 61,082 units and sold 27,004 common shares on Oct 9, 2026. The sale was reported at a weighted average price of $8.36 for total proceeds of $225,753.

Key details

• Transaction date: Oct 9, 2026. Sale price reported as a weighted average of $8.36; sales occurred at prices ranging from $8.27 to $8.41 (footnote F3).
• Derivative activity: two entries for exercise/conversion of 61,082 units (codes M); one of those derivative entries is recorded as disposed (derivative conversion) in the filing.
• Tax withholding: the filing notes sales to cover withholding taxes upon vesting of restricted share units (footnote F2).
• Unit description: each unit represents a contingent right to receive one common share or cash, or a combination, at the company's discretion (footnote F1).
• Award and vesting: the award was granted Apr 9, 2026 and, assuming continued employment, vests in twelve equal quarterly installments ending Apr 9, 2029 (footnote F4).
• Shares owned after the transaction: not reported in this filing.
• Filing date: Oct 13, 2026 (filed four days after the reported transaction).

Why it may matter

• The filing shows an exercise/conversion of derivative units and an immediate market sale of shares; the sale included transactions to cover withholding taxes.
• The filing reports the sale price as a weighted average and provides a price range for the multiple transactions.
• A filing does not show why the insider traded or why the company acted.