[Form 4] Unity Software Inc. Insider Trading Activity

Rhea-AI Filing Summary

Juniper Networks, Inc. (JNPR) – Form 4 insider transaction notice

EVP & CFO Kenneth B. Miller filed a Form 4 reflecting changes that occurred 2 July 2025, the date on which Hewlett Packard Enterprise Company ("Parent") completed its previously announced acquisition of Juniper Networks for $40.00 per share in cash.

• Common stock: 60,728 directly-held shares and 56,107 shares held indirectly via trust were disposed (code “D”); all Juniper shares converted into the cash merger consideration.
• Restricted Stock Units: 109,294 unvested Juniper RSUs automatically converted into an equal number of Parent RSUs using the agreed 2.1431 exchange ratio; terms and schedule remain unchanged.
• Performance Stock Units: • 126,093 PSUs were acquired (code “A”) as Parent PSUs, time-vesting only. • 158,190 legacy PSUs were disposed (code “D”) in exchange for equivalent Parent PSUs, leaving 0 Juniper PSUs outstanding.

Following the merger-driven conversions, Mr Miller no longer owns Juniper equity; remaining equity exposure is now in Hewlett Packard Enterprise awards. No open-market transactions occurred and no prices were reported because the activity was purely a corporate-action conversion.

Positive

• Merger consummation confirmed: Filing evidences the closing of HPE’s $40.00-per-share cash acquisition, delivering liquidity to Juniper shareholders.
• Equity rollover clarity: Details on RSU/PSU conversion (2.1431 exchange ratio) provide transparency on insider award treatment post-merger.

Negative

• Zero remaining Juniper insider ownership: CFO no longer holds Juniper securities, eliminating traditional insider-alignment indicators.

Insights

Financial Analyst

TL;DR: Filing confirms HPE–Juniper merger close; CFO’s Juniper shares cashed-out, equity rolled into HPE awards—administrative, not market-moving.

The Form 4 documents the mandatory share and award conversion triggered by HPE’s $40-per-share cash acquisition of Juniper that closed on 2 July 2025. All 116,835 Juniper common shares previously held by CFO Kenneth Miller were exchanged for cash, eliminating insider ownership in the now-private subsidiary. Derivative holdings were seamlessly converted into equivalent HPE RSU and PSU grants at the 2.1431 ratio, preserving vesting schedules while removing performance conditions on PSUs. Because transactions stem from the merger agreement rather than discretionary trading, the filing carries little direct trading signal. Its primary value is procedural confirmation that the deal consummated on schedule and insiders’ equity migrated to HPE. Impact on Juniper investors is neutral, as consideration terms were fixed when the merger was announced.

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).

X

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^*

Bar-Zeev Tomer

(Last) (First) (Middle)

C/O UNITY SOFTWARE INC.

116 NEW MONTGOMERY STREET

(Street)

SAN FRANCISCO CA 94105-3607

(City) (State) (Zip)

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Common Stock	07/03/2025		S(1)		50,000	D	$25.06(2)	2,348,146	I	See footnote(3)
Common Stock								759,861(4)	D

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

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 4, 2025.

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 $25.00 to $25.21, 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.

3. The shares of Common Stock reported in this line are held directly by Agathy Holdings Ltd. ("Agathy Holdings"). Each of Tomer Bar-Zeev & Yuli Bar-Zeev, Tomer Bar-Zeev's spouse, is a director of Agathy Holdings, and in such capacity possess voting power and dispositive power on behalf of Agathy Holdings with respect to securities held by Agathy Holdings. Tomer Bar-Zeev is a director of the Issuer. Agathy Holdings may be deemed to be a director by deputization of the Issuer. The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This filing shall not be deemed an admission that the Reporting Persons are subject to Section 16 of the Exchange Act.

4. There were no transactions effected in respect of the shares of Common Stock reported in this row, and the holdings in this row are being included for informational purposes only.

Remarks:

	/s/ Nora Go, Attorney-in-fact	07/07/2025
	** 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).
** 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.

FAQ

When did HPE complete its acquisition of Juniper Networks (JNPR)?

2 July 2025, as reflected in the Form 4 filing.

What cash amount did Juniper shareholders receive in the merger?

Each share converted into $40.00 in cash, without interest.

How many Juniper shares did CFO Kenneth Miller dispose of?

He disposed of 116,835 common shares (60,728 direct, 56,107 indirect).

Were any open-market sales executed by the CFO?

No. All changes stem from the merger conversion; no market sales occurred.

What happened to unvested RSUs and PSUs held by the CFO?

They converted into HPE RSU and PSU awards at a 2.1431 exchange ratio, retaining original vesting terms.

Does the CFO still own Juniper equity post-merger?

No. After conversion, Juniper holdings are zero; equity exposure is now in HPE stock.