Steve Rai - 03 Jan 2023 Form 4 Insider Report for BLACKBERRY Ltd (BB)

Role: Chief Financial Officer
Signature: /s/ Fraser Deziel, Attorney-in-Fact for Steve Rai
Issuer symbol: BB
Transactions as of: 03 Jan 2023
Net transactions value: -$29,741
Form type: 4
Filing time: 05 Jan 2023, 16:16:36 UTC
Previous filing: 22 Dec 2022
Next filing: 10 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BB	Common Shares	Options Exercise		+14,230	+33%		57,613	03 Jan 2023	Direct	F1
transaction	BB	Common Shares	Sale	$29,741	-8,958	-16%	$3.32	48,655	03 Jan 2023	Direct	F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BB	Restricted Share Units	Options Exercise		-14,230	-33%		28,459	03 Jan 2023	Common Shares	14,230		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.31 to $3.42, 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.
F4	The price reported was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
F5	This award was granted on February 1, 2022 and, assuming continued employment through the applicable vesting date, vests in three equal annual instalments on January 3, 2023, January 3, 2024 and January 3, 2025.