Carol W. Carpenter - Oct 27, 2022 Form 4 Insider Report for Unity Software Inc. (U)

Role: SVP & Chief Marketing Officer
Signature: Nora Go, Attorney-in-fact
Stock symbol: U
Transactions as of: Oct 27, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/31/2022, 04:28 PM
Previous filing: Oct 18, 2022
Next filing: Nov 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	U	Common Stock	Award	$0	+110K	+50.27%	$0.00	329K	Oct 27, 2022	Direct	F1
transaction	U	Common Stock	Award	$0	+110K	+33.45%	$0.00	439K	Oct 27, 2022	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance-based restricted stock units (PSUs) use the Company's stock price as vesting hurdles over a seven-year period. There are four vesting hurdles ranging from $50 to $100, in three $15 increments and a fourth $20 increment, with each hurdle pricing for vesting of an amount of common shares equal to 25% of the PSUs granted. A hurdle is met when the Company's closing trading stock price is greater than the hurdle amount for 20 consecutive trading days. Each tranche of PSUs is also subject to a continued service requirement and will vest on the later of the date that such service requirement is satisfied and the date on which the hurdle is achieved. No vesting may occur before November 1, 2023.
F2	Vesting over approximately 4 years, with 6.25% of the RSUs vesting on the first Quarterly Installment Date that occurs at least 1 month after the Vesting Commencement Date and 6.25% of the RSUs vesting upon each subsequent Quarterly Installment Date, in each case for so long as the Participant continues to provide service. The "Quarterly Installment Dates" are each of February 25th, May 25th, August 25th and November 25th of a given calendar year.

Content

Performance-based restricted stock units (PSUs) use the Company's stock price as vesting hurdles over a seven-year period. There are four vesting hurdles ranging from $50 to $100, in three $15 increments and a fourth $20 increment, with each hurdle pricing for vesting of an amount of common shares equal to 25% of the PSUs granted. A hurdle is met when the Company's closing trading stock price is greater than the hurdle amount for 20 consecutive trading days. Each tranche of PSUs is also subject to a continued service requirement and will vest on the later of the date that such service requirement is satisfied and the date on which the hurdle is achieved. No vesting may occur before November 1, 2023.

Vesting over approximately 4 years, with 6.25% of the RSUs vesting on the first Quarterly Installment Date that occurs at least 1 month after the Vesting Commencement Date and 6.25% of the RSUs vesting upon each subsequent Quarterly Installment Date, in each case for so long as the Participant continues to provide service. The "Quarterly Installment Dates" are each of February 25th, May 25th, August 25th and November 25th of a given calendar year.