Unity Software (NYSE: U) legal chief sells 952 shares in tax sell-to-cover
Filing Impact
Filing Sentiment
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 952 shares ($25,894)
Net Sell
1 txn
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)
- 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.
Key Figures
Shares sold: 952 shares
Weighted average sale price: $27.20 per share
Post-transaction holdings: 309,445 shares
+1 more
4 metrics
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
Key Terms
restricted stock units, sell to cover, weighted average price, tax withholding obligations
4 terms
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"
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.
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.