BlackBerry (BB) CEO John Giamatteo logs RSU vesting and tax share sales
Rhea-AI Filing Summary
BlackBerry Limited insider John Joseph Giamatteo, a director and CEO & President, Secure Comm., reported equity compensation vesting and related share sales. On January 6, 2026, 138,493 Performance-Based Restricted Share Units and 71,022 Restricted Share Units were converted into common shares, with each unit representing the right to receive one common share or cash at BlackBerry’s discretion.
To cover withholding taxes upon RSU vesting, he sold 57,984 common shares and 29,739 common shares at a weighted average price of $3.88, with individual sale prices ranging from $3.83 to $3.93. After these transactions, he directly held 859,840 common shares and 177,112 unvested performance-based RSUs scheduled to vest on January 2, 2027 if he remains employed by BlackBerry Limited on that date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Restricted Share Units | 138,493 | $0.00 | -- |
| Exercise | Restricted Share Units | 71,022 | $0.00 | -- |
| Exercise | Common Shares | 138,493 | $0.00 | -- |
| Sale | Common Shares | 57,984 | $3.88 | $225K |
| Exercise | Common Shares | 71,022 | $0.00 | -- |
| Sale | Common Shares | 29,739 | $3.88 | $115K |
Footnotes (1)
- Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")". The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.83 to $3.93, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Reflects an amount of Performance-Based Restricted Share Units ("RSUs") determined in accordance with satisfaction of performance conditions. 138,493 RSUs vested on January 6, 2026, 177,112 RSUs will vest on January 2, 2027 if the reporting person is employed by BlackBerry Limited as of that date. The RSUs fully vested on January 6, 2026.
FAQ
What insider activity did BlackBerry (BB) report for John Giamatteo?
BlackBerry reported that John Joseph Giamatteo, a director and CEO & President, Secure Comm., had RSUs and performance-based RSUs vest and convert into common shares, followed by sales of some common shares primarily to cover tax withholding obligations.
Does John Giamatteo still hold unvested BlackBerry (BB) RSUs?
Yes. The filing states that 177,112 performance-based RSUs remain and will vest on January 2, 2027 if he is employed by BlackBerry Limited as of that date.