Fairfax Financial Holdings and V. Prem Watsa Reduce BlackBerry Stake Below 5% Threshold

On May 6, 2026, Fairfax Financial Holdings Limited, along with its affiliates and Chairman/CEO V. Prem Watsa, filed Amendment No. 15 to their Schedule 13D regarding BlackBerry Limited (BB). The filing reports that as of May 4, 2026, the reporting group's beneficial ownership fell below the 5% threshold. Specifically, Fairfax Financial Holdings Limited and several key holding subsidiaries now report beneficial ownership of 25,838,628 common shares, representing approximately 4.4% of the 587,882,400 shares outstanding as of April 6, 2026. V. Prem Watsa, through various entities and personal holdings, maintains a slightly higher aggregate ownership of 26,264,199 shares (4.5%). The decrease in holdings triggered this amendment to reflect that the reporting persons are no longer beneficial owners of more than 5% of the issuer's common stock. The filing includes a comprehensive list of 34 affiliated entities and detailed information regarding their respective directors and executive officers. This transaction marks a significant reduction from previous reporting levels, moving the Fairfax group from a major stakeholder to a sub-5% position.