Unity (NYSE: U) ties CEO's 880K-share grant to stock-price hurdles

Rhea-AI Filing Summary

Unity Software Inc. (U) reported that its President and CEO, serving as the reporting person, received a grant of 880,000 performance-based price vesting restricted stock units (PPSUs) under the company’s 2020 Equity Incentive Plan. Each PPSU can convert into one share of common stock for no cash consideration if both service and stock price hurdles are met; otherwise, unearned PPSUs are forfeited.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bromberg Matthew S

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Performance-Based Price Vesting Restricted Stock Units F1, F2, F3	880,000	$0.00	$0.00

Holdings After Transaction: Performance-Based Price Vesting Restricted Stock Units — 880,000 shares (Direct)

Footnotes (3)

1. F1. Represents performance-based price vesting restricted stock units ("PPSUs") granted under the Issuer's 2020 Equity Incentive Plan. Each PPSU represents a contingent right to receive one share of the Issuer's common stock upon vesting, for no cash consideration. The number reported is the maximum number of PPSUs that may vest.
2. F2. The PPSUs are eligible to vest in three tranches, in each case on the later of the date the applicable service condition is satisfied and the date the applicable stock price hurdle is achieved, subject to the Reporting Person's continued service as Chief Executive Officer of the Issuer through that later date. 293,333 PPSUs are subject to a $50.00 stock price hurdle and a service condition running through the first anniversary of the grant date; 293,333 PPSUs are subject to a $60.00 stock price hurdle and a service condition running through the second anniversary of the grant date; and 293,334 PPSUs are subject to a $75.00 stock price hurdle and a service condition running through the third anniversary of the grant date.
3. F3. A stock price hurdle is achieved if the volume-weighted average closing price of the Issuer's common stock over any period of thirty consecutive calendar days equals or exceeds the applicable hurdle. Stock price hurdles may be achieved only during the performance period beginning on the grant date and ending on the fifth anniversary of the grant date. PPSUs for which the applicable stock price hurdle is not achieved during the performance period will be forfeited for no consideration.

Key Figures

PPSUs granted: 880,000 units Underlying common stock: 880,000 shares First tranche size and hurdle: 293,333 units; $50.00 stock price hurdle +4 more

7 metrics

PPSUs granted 880,000 units Maximum number of performance-based price vesting restricted stock units granted to the President and CEO

Underlying common stock 880,000 shares Each PPSU represents a contingent right to receive one share of Unity common stock

First tranche size and hurdle 293,333 units; $50.00 stock price hurdle First tranche with service condition through the first anniversary of the grant date

Second tranche size and hurdle 293,333 units; $60.00 stock price hurdle Second tranche with service condition through the second anniversary of the grant date

Third tranche size and hurdle 293,334 units; $75.00 stock price hurdle Third tranche with service condition through the third anniversary of the grant date

Performance period From grant date to fifth anniversary Window during which stock price hurdles can be achieved for PPSU vesting

VWAP measurement window 30 consecutive calendar days Period over which volume-weighted average closing price must meet or exceed each stock price hurdle

Key Terms

Performance-Based Price Vesting Restricted Stock Units, volume-weighted average closing price, stock price hurdle, Equity Incentive Plan

4 terms

Performance-Based Price Vesting Restricted Stock Units financial

"Represents performance-based price vesting restricted stock units ("PPSUs") granted under the Issuer's 2020"

volume-weighted average closing price financial

"A stock price hurdle is achieved if the volume-weighted average closing price of the Issuer's"

The volume-weighted average closing price is the average of a security’s closing prices over a chosen period, where each day’s closing price is given more influence if more shares traded that day. Think of it like calculating the average price you paid for apples but counting each day’s basket size so large purchases matter more than small ones. Investors use it to see the fairer, trade-weighted trend of price movement and to reduce the skew from low-volume days.

stock price hurdle financial

"The PPSUs are eligible to vest in three tranches, in each case on the later of the date the applicable service condition is satisfied and the date the applicable stock price hurdle is achieved"

Equity Incentive Plan financial

"PPSUs granted under the Issuer's 2020 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

FAQ

What equity award did Unity Software Inc. (U) grant to its President and CEO?

Unity granted its President and CEO 880,000 performance-based price vesting restricted stock units (PPSUs). Each PPSU represents a contingent right to receive one share of Unity common stock for no cash consideration if specified vesting conditions are satisfied.

How are the 880,000 PPSUs for Unity Software Inc. (U) structured in tranches?

The 880,000 PPSUs are split into three tranches: 293,333, 293,333, and 293,334 units. Each tranche has a separate stock price hurdle and service period tied to the first, second, and third anniversaries of the grant date.

What stock price hurdles apply to the CEO’s PPSUs at Unity Software Inc. (U)?

The PPSUs have stock price hurdles of $50.00, $60.00, and $75.00 per share. Each hurdle must be met, along with a related service condition, for the corresponding tranche of units to vest into Unity common shares.

Over what period can Unity Software Inc. (U) stock price hurdles be achieved for these PPSUs?

Stock price hurdles can be achieved only during a performance period from the grant date until the fifth anniversary of that date. The price must meet or exceed each hurdle based on a 30-day volume-weighted average closing price.

What happens if Unity Software Inc. (U) does not meet the PPSU stock price hurdles?

Any PPSUs whose stock price hurdle is not achieved during the performance period are forfeited for no consideration. Vesting also requires the CEO to remain in service through the later of the service and price-hurdle satisfaction dates.

Does Unity Software Inc. (U) require cash payment for the CEO’s PPSU award?

No cash payment is required. Each PPSU represents a right to receive one share of Unity common stock for no cash consideration if the specified service and stock price conditions are satisfied within the defined performance period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 05:29 PM Accepted by SEC EDGAR 08/19/2026 - 05:28 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Bromberg Matthew S

(Last) (First) (Middle)

C/O UNITY SOFTWARE INC

116 NEW MONTGOMERY STREET

(Street)

SAN FRANCISCO CALIFORNIA 94105-3607

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance-Based Price Vesting Restricted Stock Units(1)	$0	08/17/2026		A		880,000		(2)	(3)	Common Stock	880,000	$0	880,000	D

Explanation of Responses:

1. Represents performance-based price vesting restricted stock units ("PPSUs") granted under the Issuer's 2020 Equity Incentive Plan. Each PPSU represents a contingent right to receive one share of the Issuer's common stock upon vesting, for no cash consideration. The number reported is the maximum number of PPSUs that may vest.

2. The PPSUs are eligible to vest in three tranches, in each case on the later of the date the applicable service condition is satisfied and the date the applicable stock price hurdle is achieved, subject to the Reporting Person's continued service as Chief Executive Officer of the Issuer through that later date. 293,333 PPSUs are subject to a $50.00 stock price hurdle and a service condition running through the first anniversary of the grant date; 293,333 PPSUs are subject to a $60.00 stock price hurdle and a service condition running through the second anniversary of the grant date; and 293,334 PPSUs are subject to a $75.00 stock price hurdle and a service condition running through the third anniversary of the grant date.

3. A stock price hurdle is achieved if the volume-weighted average closing price of the Issuer's common stock over any period of thirty consecutive calendar days equals or exceeds the applicable hurdle. Stock price hurdles may be achieved only during the performance period beginning on the grant date and ending on the fifth anniversary of the grant date. PPSUs for which the applicable stock price hurdle is not achieved during the performance period will be forfeited for no consideration.

Remarks:

	/s/ Connie Wu, Attorney-in-fact	08/18/2026
	** Signature of Reporting Person	Date
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).
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* Form 4: SEC 1474 (03-26)