BlackBerry CEO John Giamatteo sold 125,000 common shares. The sale is valued at approximately $1.38 million. An SEC filing confirms the shares originated from vested restricted stock units within his compensation package. The company's stock price declined slightly overnight following the disclosure.
The Chief Financial Officer and Chief People Officer also sold shares recently. These transactions covered tax withholdings linked to vested equity awards.
BlackBerry reported a return to profitability during the first quarter. The company achieved its first positive Q1 operating cash flow in nine years. Management also increased the full-year revenue growth forecast.