STOCK TITAN

Unity Software (NYSE: U) legal chief sells 952 shares in tax sell-to-cover

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Unity Software Inc. senior vice president and chief legal officer Rebecca Berenice Boyden reported an automatic sale of 952 shares of common stock on May 26, 2026 at a weighted average price of $27.20 per share.

The footnotes state this sale was executed solely to cover tax withholding obligations tied to vesting of restricted stock units under a “sell to cover” arrangement, and was not a discretionary trade. Following the transaction, she directly holds 309,445 shares of Unity common stock.

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Insider Boyden Rebecca Berenice
Role SVP, Chief Legal Officer
Sold 952 shs ($26K)
Type Security Shares Price Value
Sale Common Stock 952 $27.20 $26K
Holdings After Transaction: Common Stock — 309,445 shares (Direct, null)
Footnotes (1)
  1. Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The sale occurred automatically to satisfy the tax withholding obligations to be funded by a "sell to cover" and does not represent a discretionary trade by the Reporting Person. The price reported in Column 4 is a weighted average price, rounded to the nearest hundredth. These shares were sold in multiple transactions at prices ranging from $26.66 to $27.56, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
Shares sold 952 shares Automatic sale on May 26, 2026 to cover tax withholding
Weighted average sale price $27.20 per share Common stock sale linked to RSU tax obligations
Post-transaction holdings 309,445 shares Direct ownership after the May 26, 2026 sale
Sale price range $26.66–$27.56 per share Multiple transactions comprising the 952-share sale
restricted stock units financial
"in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell to cover financial
"tax withholding obligations to be funded by a "sell to cover""
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"sold ... to cover tax withholding obligations in connection with the vesting"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Boyden Rebecca Berenice

(Last)(First)(Middle)
C/O UNITY SOFTWARE INC.
116 NEW MONTGOMERY STREET

(Street)
SAN FRANCISCO CALIFORNIA 94105-3706

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Unity Software Inc. [ U ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/26/2026S(1)952D$27.2(2)309,445D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The sale occurred automatically to satisfy the tax withholding obligations to be funded by a "sell to cover" and does not represent a discretionary trade by the Reporting Person.
2. The price reported in Column 4 is a weighted average price, rounded to the nearest hundredth. These shares were sold in multiple transactions at prices ranging from $26.66 to $27.56, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
Remarks:
/s/ Connie Wu, Attorney-in-fact05/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Unity Software (U) report for Rebecca Boyden?

Unity Software reported that SVP and chief legal officer Rebecca Boyden sold 952 shares of common stock. The sale was executed automatically to cover tax withholding obligations from vesting restricted stock units under a sell-to-cover arrangement, rather than as a discretionary open-market trade.

At what price were the Unity Software (U) shares sold in this Form 4?

The reported weighted average sale price was approximately $27.20 per share. Footnotes explain the 952 shares were sold in multiple transactions, with prices ranging from $26.66 to $27.56 inclusive, and that detailed breakdowns are available to interested parties upon request.

Why did Unity executive Rebecca Boyden sell shares of Unity Software (U)?

According to the Form 4 footnotes, the 952 shares were sold automatically to cover tax withholding obligations related to the vesting of restricted stock units. This sell-to-cover mechanism is described as non-discretionary, meaning it was triggered by tax requirements rather than an active trading decision.

How many Unity Software (U) shares does Rebecca Boyden hold after the sale?

After the reported sale, Rebecca Boyden directly holds 309,445 shares of Unity Software common stock. This position reflects her remaining equity stake following the 952-share transaction executed to satisfy tax withholding obligations tied to vesting restricted stock units.

Was the Unity Software (U) insider sale part of a tax sell-to-cover?

Yes. The Form 4 footnotes specify that the 952 shares sold on May 26, 2026 were used to cover tax withholding obligations from vesting restricted stock units. The sale occurred automatically under a sell-to-cover arrangement and is characterized as non-discretionary for the reporting person.