Unity Software (U) CAO auto-sells 10,578 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Unity Software Inc. Chief Accounting Officer Mark Barrysmith reported an open-market sale of 10,578 shares of common stock at a weighted average price of $18.07 per share. According to the filing, the sale was automatically executed under a "sell to cover" arrangement to satisfy tax withholding obligations tied to vesting restricted stock units and was not a discretionary trade. Following this transaction, Barrysmith directly held 383,901 Unity shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,578 shares ($191,144)
Net Sell
1 txn
Insider
Barrysmith Mark
Role
Chief Accounting Officer
Sold
10,578 shs ($191K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,578 | $18.07 | $191K |
Holdings After Transaction:
Common Stock — 383,901 shares (Direct)
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 $17.70 to $18.39, 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.
FAQ
What insider transaction did Unity Software (U) report for Mark Barrysmith?
Unity Software reported that Chief Accounting Officer Mark Barrysmith sold 10,578 shares of common stock. The transaction was used to cover tax withholding obligations from vesting restricted stock units and was executed automatically under a “sell to cover” arrangement.
Was the Unity Software (U) insider sale by Mark Barrysmith a discretionary trade?
No, the filing states the sale did not represent a discretionary trade by Mark Barrysmith. Shares were sold automatically to cover tax withholding obligations related to vesting restricted stock units under a pre-arranged “sell to cover” mechanism.