Form 4: BlackBerry Director Michael Daniels Reports Acquisition of Deferred Share Units
SEC Filing Form 4
Director Michael Daniels reports acquiring 7,174 Deferred Share Units (DSUs) of BlackBerry Limited on February 15, 2025.
Summary
- Michael Daniels, a director of BlackBerry Limited, filed a Form 4 with the SEC.
- The filing reports the acquisition of 7,174 Deferred Share Units (DSUs) on February 15, 2025.
- Each DSU is equivalent to one common share of BlackBerry.
- The DSUs will be payable in cash, common shares, or a combination thereof, at BlackBerry's discretion, following the cessation of Daniels' service as a director.
- Following the reported transaction, Daniels beneficially owns 356,666 common shares directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither inherently positive nor negative.
Future Outlook
The DSUs will be payable in cash or common shares at the discretion of BlackBerry Limited following cessation of the reporting person's service as a director of BlackBerry.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of transaction: Acquisition of Deferred Share Units. |
| 03/03/2025 | Date of signature for the Form 4 filing. |
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