[Form 4/A] Unity Software Inc. Amended Insider Trading Activity
Rhea-AI Filing Summary
Unity Software Inc. director and CEO Matthew S. Bromberg amended a Form 4 to correct share counts related to automatic sales made to satisfy tax withholding on vested restricted stock units. The amendment clarifies that 118,562 shares and 3,756 shares were sold on 05/27/2025 at weighted-average prices of $21.21 and $21.66, respectively, with transaction prices ranging from $20.65 to $21.71. Following these sell-to-cover transactions, Bromberg beneficially owned 1,237,322 and 1,233,566 shares as reported on separate lines, and the amendment updates previously reported withholding and ownership figures.
Positive
- None.
Negative
- Insider disposition: Reporting person sold a total of 122,318 shares on 05/27/2025 to cover tax withholding on vested RSUs.
Insights
TL;DR: Amendment corrects sell-to-cover withholding figures; transactions appear routine, not discretionary.
The filing is an administrative amendment clarifying the number of shares withheld and sold to cover taxes on vested restricted stock units. Such sell-to-cover transactions are common and typically do not reflect active directional trading by insiders. The amendment improves disclosure accuracy by updating beneficial ownership totals and the weighted-average sale prices. There is no new indication of a change in executive control or a discretionary divestiture strategy.
TL;DR: Insider sold a total of 122,318 shares via automated withholding; impact on float or valuation is likely immaterial.
The report shows two grouped sell transactions on 05/27/2025 totaling 122,318 shares sold to satisfy tax obligations from RSU vesting, with weighted-average prices reported. Because the sales are described as automatic "sell to cover," they are not discretionary open-market sales and generally carry limited informational content about management sentiment. The amendment ensures the public record accurately reflects post-transaction beneficial ownership counts.