Shlomo Dovrat - May 22, 2023 Form 4 Insider Report for Unity Software Inc. (U)

Role
Director
Signature
/s/ Shlomo Dovrat
Stock symbol
U
Transactions as of
May 22, 2023
Transactions value $
-$4,908,912
Form type
4
Date filed
5/24/2023, 04:27 PM
Previous filing
Nov 9, 2022
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction U Common Stock Other $0 -2.49M -31.11% $0.00 5.51M May 22, 2023 By Viola Ventures III, L.P. F1, F2
transaction U Common Stock Sale -$379K -12.6K -0.23% $30.10 5.5M May 22, 2023 By Viola Ventures III, L.P. F2
transaction U Common Stock Other $0 +630K $0.00 630K May 22, 2023 By Viola Ventures GP 3 Ltd. F3, F4
transaction U Common Stock Sale -$4.53M -160K -25.34% $28.37 470K May 23, 2023 By Viola Ventures GP 3 Ltd. F4
transaction U Common Stock Other $0 -465K -98.93% $0.00 5.01K May 23, 2023 By Viola Ventures GP 3 Ltd. F4, F5
transaction U Common Stock Other $0 +65.1K $0.00 65.1K May 22, 2023 By VPartners III (Cayman), L.P. F6, F7
transaction U Common Stock Other $0 +46.7K $0.00 46.7K May 22, 2023 By VPartners III (Israel), L.P. F8, F9
transaction U Common Stock Other $0 +89.2K +552.52% $0.00 105K May 23, 2023 Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported in this row consists of the distribution in kind, without consideration, by Viola Ventures III, L.P. ("Viola Ventures III") of 2,487,409 shares of common stock, par value $0.000005 per share, of the Issuer ("Common Stock") to its partners.
F2 The shares of Common Stock reported in this row are held directly by Viola Ventures III, L.P. Viola Ventures GP 3 Ltd. ("Viola Ventures GP") is the sole general partner of Viola Ventures III. Shlomo Dovrat is a director of Viola Ventures GP, and in such capacity possesses voting power and dispositive power on behalf of Viola Ventures III with respect to securities held by it. Mr. Dovrat disclaims beneficial ownership of shares of Common Stock held by Viola Ventures III except to the extent of his pecuniary interest therein.
F3 The transaction reported in this row consists of the receipt by Viola Ventures GP of 630,013 shares of Common Stock, in the aggregate, from Viola Ventures III (625,000 shares as carried interest and 5,013 shares as a limited partner of Viola Ventures III). Viola Ventures GP received these shares as part of the distribution in kind by Viola Ventures III that is reported in the first row of this table.
F4 The shares of Common Stock reported in this row are held directly by Viola Ventures GP. Shlomo Dovrat is a director of Viola Ventures GP, and in such capacity possesses voting power and dispositive power on behalf of Viola Ventures GP with respect to securities held by it. Mr. Dovrat disclaims beneficial ownership of shares of Common Stock held by Viola Ventures GP except to the extent of his pecuniary interest therein.
F5 The transaction reported in this row consists of the distribution in kind, without consideration, by Viola Ventures GP of 465,327 shares of Common Stock, in the aggregate, to persons and entities entitled to participate in the carried interest that Viola Ventures GP received from Viola Ventures III.
F6 The transaction reported in this row consists of the receipt by VPartners III (Cayman), L.P. in respect of its limited partnership interest in Viola Ventures III, of 65,087 shares of Common Stock via the distribution in kind by Viola Ventures III that is reported in the first row of this table.
F7 The shares of Common Stock reported in this row are held directly by VPartners III (Cayman), L.P. Shlomo Dovrat is a director of the general partner of the general partner of VPartners III (Cayman), L.P. and in such capacity possesses voting power and dispositive power on behalf of VPartners III (Cayman), L.P. with respect to securities held by it. Mr. Dovrat disclaims beneficial ownership of shares of Common Stock held by VPartners III (Cayman), L.P. except to the extent of his pecuniary interest therein.
F8 The transaction reported in this row consists of the receipt by VPartners III (Israel), L.P. in respect of its limited partnership interest in Viola Ventures III, of 46,675 shares of Common Stock via the distribution in kind by Viola Ventures III that is reported in the first row of this table.
F9 The shares of Common Stock reported in this row are held directly by VPartners III (Israel), L.P. Shlomo Dovrat is a director of the general partner of the general partner of VPartners III (Israel), L.P. and in such capacity possesses voting power and dispositive power on behalf of VPartners III (Israel), L.P. with respect to securities held by it. Mr. Dovrat disclaims beneficial ownership of shares of Common Stock held by VPartners III (Israel), L.P. except to the extent of his pecuniary interest therein.
F10 The transaction reported in this row consists of the receipt by Shlomo Dovrat, in respect of his participation in the carried interest paid by Viola Ventures III to Viola Ventures GP, of 89,188 shares of Common Stock via the distribution in kind by Viola Ventures GP of those shares (which shares were among the 465,327 shares distributed by Viola Ventures GP in respect of carried interest, as described in footnote (5) above).
F11 Includes 16,142 shares of Common Stock underlying restricted stock units ("RSUs") granted to the Reporting Person. These RSUs vest in equal quarterly installments over a three-year period beginning on November 7, 2022, such that on November 7, 2025, such RSUs will be 100% vested, subject to the Reporting Person's continued service through the vesting period.