Unity (NYSE: U) CFO sells 24,021 shares in automatic tax sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Unity Software Inc. senior vice president and chief financial officer Jarrod Yahes reported an open-market sale of 24,021 shares of Common Stock on May 26, 2026 at a weighted average price of $27.18 per share. According to the disclosure, this transaction was an automatic “sell to cover” designed to satisfy tax withholding obligations arising from the vesting of restricted stock units, and it is described as not being a discretionary trade. After this tax-related sale, Yahes directly holds 704,360 shares of Unity common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 24,021 shares ($652,891)
Net Sell
1 txn
Insider
Yahes Jarrod
Role
SVP, Chief Financial Officer
Sold
24,021 shs ($653K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 24,021 | $27.18 | $653K |
Holdings After Transaction:
Common Stock — 704,360 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 $27.61, 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: 24,021 shares
Weighted average sale price: $27.18 per share
Post-transaction holdings: 704,360 shares
+1 more
4 metrics
Shares sold
24,021 shares
Open-market sale on May 26, 2026
Weighted average sale price
$27.18 per share
Common Stock sale to cover tax withholding
Post-transaction holdings
704,360 shares
Common Stock held directly after sale
Sale price range
$26.66 to $27.61
Multiple transactions within this range, weighted to $27.18
Key Terms
restricted stock units, sell to cover, weighted average price
3 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.
FAQ
What insider transaction did Unity (U) CFO Jarrod Yahes report?
Unity CFO Jarrod Yahes reported selling 24,021 shares of common stock. The shares were sold in an automatic transaction to cover tax withholding obligations tied to the vesting of restricted stock units, rather than a discretionary open-market trade.