BLACKBERRY Ltd — Director's Dealing 2021

Nov 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBERRY Ltd (BB)
CIK: 0001070235
Period of Report: 2021-11-03

Reporting Person: CHEN JOHN S (Director, Executive Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-03	Common Shares	M	1000000	—	Acquired	5225188	Direct
2021-11-03	Common Shares	M	3000000	—	Acquired	8225188	Direct
2021-11-03	Common Shares	S	2222844	$11.14	Disposed	6002344	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-03	Restricted Share Units	$	M	1000000	Disposed		Common Shares (1000000.0)	Direct
2021-11-03	Performance-Based Restricted Share Units	$	M	3000000	Disposed		Common Shares (3000000.0)	Direct

Footnotes

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 ("BlackBerry").

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 $10.90 to $11.73, 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: This award was granted on April 10, 2018 and, assuming continued employment through the applicable vesting date, vests in five equal annual instalments ending November 3, 2023.

F5: This award was granted on April 10, 2018. Performance-Based RSUs may be earned in increments of one million common shares of BlackBerry when the 10-day average closing price of BlackBerry's common shares on the New York Stock Exchange reaches $16, $17, $18, $19 and $20, respectively. If earned, the increment will vest on the first anniversary of November 3, 2018, 2019, 2020, 2021 or 2022, respectively, that follows the date on which they are earned. Any Performance-Based RSUs that have not been earned before November 3, 2023 will terminate on such date.