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BlackBerry (BB) CEO Giamatteo reports RSU vesting and share sales

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

BlackBerry Limited's CEO & President, Cybersecurity, and director John Giamatteo reported equity transactions dated 01/02/2026. Several batches of Restricted Share Units (RSUs) were exercised, delivering common shares that were added to his direct holdings.

On the same date, he sold portions of these common shares to cover withholding taxes upon RSU vesting, with reported weighted average sale prices of $3.82 per share for trades executed in a price range of $3.80 to $3.87, exclusive of fees and commissions. Following the reported transactions, he directly owned 738,048 BlackBerry common shares as shown in the filing.

The RSU awards referenced were originally granted on January 2, 2024, vesting in three equal annual installments through January 2, 2027, and on April 2, 2025, vesting in twelve equal quarterly installments through April 2, 2028.

Positive

  • None.

Negative

  • None.
Insider GIAMATTEO JOHN JOSEPH
Role CEO & President, Cybersecurity
Sold 231,765 shs ($885K)
Type Security Shares Price Value
Exercise Restricted Share Units 72,886 $0.00 --
Exercise Restricted Share Units 262,391 $0.00 --
Exercise Restricted Share Units 66,372 $0.00 --
Exercise Common Shares 72,886 $0.00 --
Sale Common Shares 41,799 $3.82 $160K
Exercise Common Shares 262,391 $0.00 --
Sale Common Shares 150,957 $3.82 $577K
Exercise Common Shares 66,372 $0.00 --
Sale Common Shares 39,009 $3.82 $149K
Holdings After Transaction: Restricted Share Units — 597,667 shares (Direct); Common Shares — 641,050 shares (Direct)
Footnotes (1)
  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 $3.80 to $3.87, 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. This award was granted on January 2, 2024 and, assuming continued employment through the applicable vesting date, vests in three equal annual instalments ending January 2, 2027. This award was granted on April 2, 2025, and assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments ending April 2, 2028.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GIAMATTEO JOHN JOSEPH
(Last) (First) (Middle)
C/O BLACKBERRY LIMITED
2200 UNIVERSITY AVENUE EAST
(Street)
WATERLOO A6 N2K 0A7
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BLACKBERRY Ltd [ BB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO & President, Cybersecurity
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 01/02/2026 M 72,886 A (1) 641,050 D
Common Shares 01/02/2026 S 41,799 D(2) $3.82(3) 599,251 D
Common Shares 01/02/2026 M 262,391 A (1) 861,642 D
Common Shares 01/02/2026 S 150,957 D(2) $3.82(3) 710,685 D
Common Shares 01/02/2026 M 66,372 A (1) 777,057 D
Common Shares 01/02/2026 S 39,009 D(2) $3.82(3) 738,048 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Units (1) 01/02/2026 M 72,886 (4) (4) Common Shares 72,886 (1) 597,667 D
Restricted Share Units (1) 01/02/2026 M 262,391 (4) (4) Common Shares 262,391 (1) 335,276 D
Restricted Share Units (1) 01/02/2026 M 66,372 (5) (5) Common Shares 66,372 (1) 597,344 D
Explanation of Responses:
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.
2. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.80 to $3.87, 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.
4. This award was granted on January 2, 2024 and, assuming continued employment through the applicable vesting date, vests in three equal annual instalments ending January 2, 2027.
5. This award was granted on April 2, 2025, and assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments ending April 2, 2028.
Remarks:
/s/ Fraser Deziel, Attorney-in-Fact for John Giamatteo 01/06/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did BlackBerry (BB) report for John Giamatteo?

The filing shows that John Giamatteo, BlackBerry's CEO & President, Cybersecurity, and a director, exercised multiple Restricted Share Units (RSUs) into common shares on 01/02/2026 and sold a portion of the resulting shares.

How many BlackBerry shares did John Giamatteo hold after the reported transactions?

After the reported RSU exercises and share sales on 01/02/2026, John Giamatteo directly beneficially owned 738,048 BlackBerry common shares according to the Form 4 table.

At what prices were John Giamatteo’s BlackBerry (BB) shares sold in this filing?

The reported sales used a $3.82 weighted average price per share, with individual trades occurring in a range from $3.80 to $3.87 per share, exclusive of fees, commissions or other expenses.

Why did John Giamatteo sell BlackBerry shares in connection with these RSUs?

The filing explains that the share sales were made to cover withholding taxes upon vesting of Restricted Share Units ("RSUs"), meaning a portion of the vested shares was sold to satisfy tax obligations.

What are the vesting schedules of the RSU awards reported for BlackBerry’s CEO?

One RSU award was granted on January 2, 2024 and vests in three equal annual installments ending January 2, 2027. Another was granted on April 2, 2025 and vests in twelve equal quarterly installments ending April 2, 2028, assuming continued employment.

How do the reported RSUs convert into BlackBerry (BB) common shares?

Each RSU represents a contingent right to receive one BlackBerry common share, an equivalent amount of cash, or a combination of the two, at BlackBerry Limited’s discretion, as described in the filing.