Marc Whitten - Oct 27, 2022 Form 4 Insider Report for Unity Software Inc. (U)

Signature
/s/ 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, 04:30 PM
Previous filing
Aug 29, 2022
Next filing
Nov 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction U Common Stock Award $0 +440K +174.07% $0.00 693K Oct 27, 2022 Direct F1
* 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.