Form 4 for U Unity Software Inc.
Accepted 2023-05-24 00:00:00 ET · period of report 2023-05-22 · accession 0001178913-23-002050 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-05-24 | 2023-05-22+ | U | Dovrat Shlomo | Dir | J - Other | $0.00 | -2.21M | 46.7K | -98% | $0 |
| MI | 2023-05-24 | 2023-05-22+ | U | Dovrat Shlomo | Dir | S - Sale | $28.50 | -172.3K | 470.3K | -27% | -$4.91M |
| 2023-05-24 | 2023-05-23 | U | Dovrat Shlomo | Dir | J - Other | $0.00 | +89.2K | 105.3K | +553% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-05-22 | J | D | 2,487,409 | $0.00 | 5,508,205 | I By Viola Ventures III, L.P. | — | — | (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. |
| 2 | Common | Common Stock | 2023-05-22 | S | D | 12,591 | $30.10 | 5,495,614 | I By Viola Ventures III, L.P. | — | — | (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. |
| 3 | Common | Common Stock | 2023-05-22 | J | A | 630,013 | $0.00 | 630,013 | I By Viola Ventures GP 3 Ltd. | — | — | (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. |
| 4 | Common | Common Stock | 2023-05-23 | S | D | 159,673 | $28.37 | 470,340 | I By Viola Ventures GP 3 Ltd. | — | — | (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. |
| 5 | Common | Common Stock | 2023-05-23 | J | D | 465,327 | $0.00 | 5,013 | I By Viola Ventures GP 3 Ltd. | — | — | (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. (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. |
| 6 | Common | Common Stock | 2023-05-22 | J | A | 65,087 | $0.00 | 65,087 | I By VPartners III (Cayman), L.P. | — | — | (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. |
| 7 | Common | Common Stock | 2023-05-23 | J | A | 89,188 | $0.00 | 105,330 | D | — | — | (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. |
| 8 | Common | Common Stock | 2023-05-22 | J | A | 46,675 | $0.00 | 46,675 | I By VPartners III (Israel), L.P. | — | — | (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. |