Sequoia funds report 33,147,204 Unity (NYSE: U) shares

Rhea-AI Filing Summary

Unity Software Inc. received an updated ownership disclosure from investment funds affiliated with Sequoia. The Sequoia entities report beneficial ownership of 33,147,204 shares of Unity common stock, representing 7.6% of the outstanding class based on 432,987,611 shares outstanding as of January 30, 2026.

The position includes 28,746,492 shares of common stock and 1,227,156 shares issuable upon conversion of Unity’s 2.0% Convertible Senior Notes due 2027 held by Sequoia Capital Fund, plus 3,173,556 shares held by Sequoia Capital Fund Parallel. Sequoia Capital Fund Management, L.P. and SC US (TTGP), Ltd. are listed as control entities with shared voting and dispositive power over the full amount.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Unity Software Inc.

(Name of Issuer)

Common Stock, par value $0.000005 per share

(Title of Class of Securities)

913320101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 913320101

1

Names of Reporting Persons

SEQUOIA CAPITAL FUND, L.P. ("SCF")

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 29,973,648.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 29,973,648.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

29,973,648.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.9 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: 29,973,648 shares, of which 28,746,492 shares are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027. Based on a total of 432,987,611 shares of Common Stock outstanding as of January 30, 2026, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 11, 2026.

SCHEDULE 13G

CUSIP No. 913320101

1

Names of Reporting Persons

SEQUOIA CAPITAL FUND PARALLEL, LLC ("SCFP")

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,173,556.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,173,556.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,173,556.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.7 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Based on a total of 432,987,611 shares of Common Stock outstanding as of January 30, 2026, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 11, 2026.

SCHEDULE 13G

CUSIP No. 913320101

1

Names of Reporting Persons

SEQUOIA CAPITAL FUND MANAGEMENT, L.P. ("SEQUOIA CAPITAL FUND MANAGEMENT")

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 33,147,204.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 33,147,204.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

33,147,204.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.6 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: 33,147,204 shares, of which 3,173,556 shares are directly owned by SCFP and 29,973,648 shares, of which 28,746,492 are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027, are directly owned by SCF. SEQUOIA CAPITAL FUND MANAGEMENT is the general partner of SCF and the manager of SCFP. Based on a total of 432,987,611 shares of Common Stock outstanding as of January 30, 2026, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 11, 2026.

SCHEDULE 13G

CUSIP No. 913320101

1

Names of Reporting Persons

SC US (TTGP), LTD. ("SC US (TTGP)")

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 33,147,204.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 33,147,204.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

33,147,204.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.6 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: 33,147,204 shares, of which 3,173,556 shares are directly owned by SCFP and 29,973,648 shares, of which 28,746,492 are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027, are directly owned by SCF. SEQUOIA CAPITAL FUND MANAGEMENT is the general partner of SCF and the manager of SCFP. SC US (TTGP) is the General Partner of SEQUOIA CAPITAL FUND MANAGEMENT. Based on a total of 432,987,611 shares of Common Stock outstanding as of January 30, 2026, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 11, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Unity Software Inc.
(b)	Address of issuer's principal executive offices: 116 New Montgomery Street, San Francisco, California, 94105-3607
Item 2.
(a)	Name of person filing: Sequoia Capital Fund, L.P. Sequoia Capital Fund Parallel, LLC Sequoia Capital Fund Management, L.P. SC US (TTGP), Ltd. The General Partner of SCF and the manager of SCFP is SEQUOIA CAPITAL FUND MANAGEMENT. SC US (TTGP) is the general partner of SEQUOIA CAPITAL FUND MANAGEMENT.
(b)	Address or principal business office or, if none, residence: 2800 Sand Hill Road, Suite 101 Menlo Park, CA 94025
(c)	Citizenship: SCF, SEQUOIA CAPITAL FUND MANAGEMENT, SC US (TTGP): Cayman Islands; SCFP: Delaware
(d)	Title of class of securities: Common Stock, par value $0.000005 per share
(e)	CUSIP No.: 913320101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 33,147,204 shares, of which 3,173,556 shares are directly owned by SCFP and 29,973,648 shares, of which 28,746,492 are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027, are directly owned by SCF. SEQUOIA CAPITAL FUND MANAGEMENT is the general partner of SCF and the manager of SCFP. SC US (TTGP) is the General Partner of SEQUOIA CAPITAL FUND MANAGEMENT.
(b)	Percent of class: 7.6%. Based on a total of 432,987,611 shares of Common Stock outstanding as of January 30, 2026, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 11, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: SCF: 29,973,648 shares, of which 28,746,492 shares are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027. SCFP: 3,173,556 SEQUOIA CAPITAL FUND MANAGEMENT: 33,147,204 shares, of which 3,173,556 shares are directly owned by SCFP and 29,973,648 shares, of which 28,746,492 are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027, are directly owned by SCF. SEQUOIA CAPITAL FUND MANAGEMENT is the general partner of SCF and the manager of SCFP. SC US (TTGP): 33,147,204 shares, of which 3,173,556 shares are directly owned by SCFP and 29,973,648 shares, of which 28,746,492 are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027, are directly owned by SCF. SEQUOIA CAPITAL FUND MANAGEMENT is the general partner of SCF and the manager of SCFP. SC US (TTGP) is the General Partner of SEQUOIA CAPITAL FUND MANAGEMENT.
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: SCF: 29,973,648 shares, of which 28,746,492 shares are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027. SCFP: 3,173,556 SEQUOIA CAPITAL FUND MANAGEMENT: 33,147,204 shares, of which 3,173,556 shares are directly owned by SCFP and 29,973,648 shares, of which 28,746,492 are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027, are directly owned by SCF. SEQUOIA CAPITAL FUND MANAGEMENT is the general partner of SCF and the manager of SCFP. SC US (TTGP): 33,147,204 shares, of which 3,173,556 shares are directly owned by SCFP and 29,973,648 shares, of which 28,746,492 are Common Stock and 1,227,156 are shares of Common Stock issuable on conversion of the Issuer's 2.0% Convertible Senior Notes due 2027, are directly owned by SCF. SEQUOIA CAPITAL FUND MANAGEMENT is the general partner of SCF and the manager of SCFP. SC US (TTGP) is the General Partner of SEQUOIA CAPITAL FUND MANAGEMENT.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SEQUOIA CAPITAL FUND, L.P. ("SCF")

Signature:	/s/ Jung Yeon Son
Name/Title:	Jung Yeon Son, Authorized Signatory
Date:	02/13/2026

SEQUOIA CAPITAL FUND PARALLEL, LLC ("SCFP")

Signature:	/s/ Jung Yeon Son
Name/Title:	Jung Yeon Son, Authorized Signatory
Date:	02/13/2026

SEQUOIA CAPITAL FUND MANAGEMENT, L.P. ("SEQUOIA CAPITAL FUND MANAGEMENT")

Signature:	/s/ Jung Yeon Son
Name/Title:	Jung Yeon Son, Authorized Signatory
Date:	02/13/2026

SC US (TTGP), LTD. ("SC US (TTGP)")

Signature:	/s/ Jung Yeon Son
Name/Title:	Jung Yeon Son, Authorized Signatory
Date:	02/13/2026

FAQ

What ownership stake in Unity Software Inc. (U) do Sequoia entities report?

Sequoia-affiliated entities report beneficial ownership of 33,147,204 Unity shares, representing 7.6% of the company’s outstanding common stock. This percentage is calculated against 432,987,611 shares outstanding as of January 30, 2026, as disclosed in Unity’s Form 10-K.

Which Sequoia funds hold Unity Software Inc. (U) shares?

Sequoia Capital Fund, L.P. and Sequoia Capital Fund Parallel, LLC hold Unity shares. Their interests are overseen by Sequoia Capital Fund Management, L.P., which acts as general partner and manager, and SC US (TTGP), Ltd., which is the general partner of Sequoia Capital Fund Management.

How many Unity Software Inc. (U) shares are held directly by each Sequoia fund?

Sequoia Capital Fund, L.P. directly owns 29,973,648 shares, including common stock and shares issuable from notes. Sequoia Capital Fund Parallel, LLC directly owns 3,173,556 shares. Together, these holdings total the reported 33,147,204 shares of Unity common stock.

How much of Sequoia’s Unity (U) position comes from convertible notes?

Sequoia’s position includes 1,227,156 Unity shares issuable upon conversion of the issuer’s 2.0% Convertible Senior Notes due 2027. These conversion shares are part of Sequoia Capital Fund, L.P.’s 29,973,648-share beneficial ownership reported in the Schedule 13G/A amendment.

Which entities have shared voting and dispositive power over Unity (U) shares?

Sequoia Capital Fund, L.P., Sequoia Capital Fund Parallel, LLC, Sequoia Capital Fund Management, L.P., and SC US (TTGP), Ltd. are listed with shared voting and dispositive power over 33,147,204 Unity shares, rather than sole authority for any individual reporting person.

How is the 7.6% ownership of Unity Software Inc. (U) calculated for Sequoia?

The 7.6% ownership figure is based on beneficial ownership of 33,147,204 Unity shares compared with 432,987,611 common shares outstanding as of January 30, 2026. That outstanding share count is taken from Unity’s Annual Report on Form 10-K filed on February 11, 2026.