Unity Software (NYSE: U) legal chief sells 1,032 shares to cover taxes
Rhea-AI Filing Summary
Unity Software Inc. (U) reported that Rebecca Berenice Boyden, SVP and Chief Legal Officer, sold a total of 1,032 shares of Common Stock on 2026-08-25. The transactions were executed under an automatic "sell to cover" arrangement to satisfy tax withholding obligations from vesting restricted stock units and were not discretionary trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,032 shares
Net Sell
2 txns
Insider
Boyden Rebecca Berenice
Role
SVP, Chief Legal Officer
Sold
1,032 shs ($47K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 940 | $45.26 | $43K |
| Sale | Common Stock F1, F3 | 92 | $45.92 | $4K |
Holdings After Transaction:
Common Stock — 308,413 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 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 $44.84 to $45.63, 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 ranges set forth in footnotes 2 and 3 of this Form 4.
- F3. 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 $45.84 to $46.07, inclusive.
Key Figures
Shares sold: 1,032 shares
First transaction shares: 940 shares
First transaction weighted average price: $45.26 per share
+4 more
7 metrics
Shares sold
1,032 shares
Total Unity common shares sold by Rebecca Boyden on 2026-08-25
First transaction shares
940 shares
Unity common stock sold on 2026-08-25 at a weighted average price
First transaction weighted average price
$45.26 per share
Weighted average sale price for 940 Unity shares, rounded to nearest cent
First transaction price range
$44.84–$45.63 per share
Range of prices for multiple trades included in the 940-share sale
Second transaction shares
92 shares
Unity common stock sold on 2026-08-25 at a weighted average price
Second transaction weighted average price
$45.92 per share
Weighted average sale price for 92 Unity shares, rounded to nearest cent
Second transaction price range
$45.84–$46.07 per share
Range of prices for multiple trades included in the 92-share sale
Key Terms
sell to cover, restricted stock units, weighted average price, tax withholding obligations
4 terms
sell to cover financial
"obligations to be funded by a "sell to cover" and does not repr"
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.
restricted stock units financial
"obligations 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price, round"
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 by the Reporting Person to cover tax withholding obligations in"
FAQ
Who is the insider involved in this Form 4 for U?
The insider is Rebecca Berenice Boyden, who serves as SVP, Chief Legal Officer of Unity Software Inc. The Form 4 reports her transactions in Unity’s common stock on 2026-08-25.
What were the sale prices in Rebecca Boyden’s Form 4 transactions for U?
The reported weighted average prices were $45.26 per share for 940 shares and $45.92 per share for 92 shares. Footnotes state these are weighted average prices for multiple trades within specified intraday price ranges.
Were the Unity (U) stock sales by Rebecca Boyden discretionary?
No. A footnote explains the sales were made automatically to cover tax withholding obligations related to vesting restricted stock units under a "sell to cover" arrangement and do not represent discretionary trades by her.
Does this Form 4 for U mention any Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not affirmed (set to false). The footnotes describe the sales as automatic sell-to-cover transactions for tax withholding but do not state they are under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.