Unity CFO sells 26K shares to cover tax bill
Unity Software Inc. (U) reported that its SVP and Chief Financial Officer, Jarrod Yahes, filed a Form 4 showing automatic sales of common stock on August 25, 2026.
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Form Type
4
Rhea-AI Filing Summary
Unity Software Inc. (U) reported that its SVP and Chief Financial Officer, Jarrod Yahes, filed a Form 4 showing automatic sales of common stock on August 25, 2026. A total of 26,017 shares were sold solely to cover tax withholding obligations arising from the vesting of restricted stock units under a "sell to cover" arrangement, which the filing states was not a discretionary trade.
Insider Trade Summary
Net Seller: 26,017 shares
Net Sell
2 txns
Insider
Yahes Jarrod
Role
SVP, Chief Financial Officer
Sold
26,017 shs ($1.18M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 24,817 | $45.28 | $1.12M |
| Sale | Common Stock F1, F3 | 1,200 | $45.95 | $55K |
Holdings After Transaction:
Common Stock — 678,343 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 $44.85 to $45.84 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 $45.85 to $46.11, inclusive.
Key Figures
Shares sold (first transaction): 24,817 shares of Common Stock
Weighted average price (first transaction): $45.28 per share
Shares sold (second transaction): 1,200 shares of Common Stock
+2 more
5 metrics
Shares sold (first transaction)
24,817 shares of Common Stock
Sale on August 25, 2026 to cover tax withholding obligations
Weighted average price (first transaction)
$45.28 per share
Common Stock sale of 24,817 shares on August 25, 2026
Shares sold (second transaction)
1,200 shares of Common Stock
Sale on August 25, 2026 to cover tax withholding obligations
Weighted average price (second transaction)
$45.95 per share
Common Stock sale of 1,200 shares on August 25, 2026
Total shares sold
26,017 shares of Common Stock
Combined net-sell shares reported in transaction summary
Key Terms
restricted stock units, sell to cover, weighted average price, tax withholding obligations
4 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
"to be funded by a "sell to cover" and does not represent"
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.
tax withholding obligations financial
"sold by the Reporting Person to cover tax withholding obligations"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Unity Software Inc. (U) disclose in this Form 4?
Unity Software Inc. disclosed that CFO Jarrod Yahes sold a total of 26,017 shares of common stock on August 25, 2026. The sales were to cover tax withholding obligations related to vesting restricted stock units under a "sell to cover" arrangement.
Were the Unity (U) insider sales by Jarrod Yahes discretionary trades?
No. The filing states the sales occurred automatically to satisfy tax withholding obligations through a "sell to cover" mechanism in connection with vesting restricted stock units and do not represent discretionary trades by Jarrod Yahes.
Were Jarrod Yahes’ Unity (U) sales made under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is marked false, and the footnotes describe the sales as automatic "sell to cover" transactions for tax withholding, not as trades executed under an affirmed Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
