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

Director Michael Daniels reports acquiring 19,079 Deferred Share Units (DSUs) of BlackBerry Limited on May 31, 2024, bringing his total holdings to 307,130 DSUs.

Summary

• Michael Daniels, a director of BlackBerry Limited, filed a Form 4 on June 4, 2024, reporting a transaction that occurred on May 31, 2024.
• The transaction involved the acquisition of 19,079 Deferred Share Units (DSUs).
• Following the transaction, Daniels beneficially owns 307,130 DSUs.
• Each DSU is the economic equivalent of one common share of BlackBerry.
• The DSUs are payable in cash, common shares, or a combination thereof, at BlackBerry's discretion, following the cessation of Daniels' service as a director.

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 corporate insiders to report transactions in their company's securities, providing transparency to the market.

Stakeholder Impact

• The acquisition of DSUs by a director aligns their interests with those of shareholders, as the value of the DSUs is tied to the performance of BlackBerry's common shares.

Key Dates