Form 4: BlackBerry Director Michael Daniels Reports Acquisition of Deferred Share Units

Director Michael Daniels reports acquiring 22,870 Deferred Share Units (DSUs) of BlackBerry Limited on August 31, 2024.

Summary

• Michael Daniels, a director of BlackBerry Limited, reported a transaction on August 31, 2024.
• He acquired 22,870 Deferred Share Units (DSUs).
• Following the transaction, Daniels beneficially owns 330,000 DSUs directly.
• Each DSU is equivalent to one common share of BlackBerry.
• The DSUs are payable in cash, common shares, or a combination thereof, after Daniels ceases to be a director.
• The report was filed on September 3, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Future Outlook

The DSUs become payable, in cash or common shares or a combination of the two, 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.

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of the shareholders.

Key Dates