BlackBerry Ltd: CFO Tim Foote sold 8,441 shares

What happened

• Tim Foote, CFO, exercised or converted derivative rights for 19,088 units on Oct 9, 2026, and sold 8,441 common shares in an open-market sale at a weighted average price of $8.36 for $70,567. The filing also reports a disposition of 19,088 derivative units on the same date.

Key details

• Transaction date(s) and price(s): Oct 9, 2026 — exercised/converted derivative (code M) 19,088 units (price N/A); Oct 9, 2026 — open-market sale (code S) 8,441 shares at weighted average $8.36. Reported sale prices ranged from $8.27 to $8.41 (footnote F3).
• Shares owned after the transaction: not reported in the supplied filing data.
• Relevant footnotes from the filing:
  • F1: each unit represents a contingent right to one common share or cash at the company’s discretion.
  • F2: sales to cover withholding taxes upon vesting of restricted share units (RSUs).
  • F3: the $8.36 is a weighted average; sales occurred at prices from $8.27 to $8.41.
  • F4: the related award was granted Apr 9, 2026 and vests in twelve equal quarterly installments ending Apr 9, 2029.
• Filing and report dates: report period Oct 9, 2026; filing date Oct 13, 2026.

Why it may matter

• The filing records an exercise/conversion of derivative rights and an immediate sale of some resulting shares; footnote F2 states the sale was to cover withholding taxes upon RSU vesting (a sell-to-cover action).
• The filing reports both acquisition (exercise/conversion) and disposition of 19,088 derivative units on the same date.
• The filing does not show why the insider traded or why the company acted.