Matthew S. Bromberg, President and CEO of Unity Software Inc. (NYSE:U), filed a Form 4 on August 18, 2026, disclosing the acquisition of 880,000 performance-based price vesting restricted stock units granted on August 17, 2026.

Key Highlights

  • Grant size: 880,000 performance-based price vesting restricted stock units (PPSUs) were acquired, representing the maximum number that may vest.
  • Three tranches: 293,333 PPSUs carry a $50.00 stock price hurdle with a one-year service condition; 293,333 carry a $60.00 hurdle with a two-year service condition; and 293,334 carry a $75.00 hurdle with a three-year service condition.
  • Price hurdle mechanism: A hurdle is achieved if the volume-weighted average closing price over any 30 consecutive calendar days equals or exceeds the applicable threshold.
  • Performance window: Stock price hurdles may only be achieved during the period beginning on the grant date and ending on the fifth anniversary of the grant date.
  • Forfeiture risk: PPSUs for which the applicable stock price hurdle is not achieved during the performance period will be forfeited for no consideration.
  • No cash consideration: Each PPSU represents a contingent right to receive one share of common stock upon vesting for no cash consideration.

Details of Matthew Bromberg's PPSU Grant at Unity Software

According to the filing, Unity Software Inc. granted Matthew S. Bromberg, who serves as both President and CEO and as a Director, 880,000 PPSUs on August 17, 2026, under the company's 2020 Equity Incentive Plan. The transaction code recorded is "A" (acquisition), and the price of the derivative security is listed as $0. Bromberg beneficially owns 880,000 PPSUs following the reported transaction, held directly.

The filing explains that the PPSUs are structured in three tranches, each subject to both a service condition and a stock price hurdle. Vesting in each tranche occurs on the later of the date the applicable service condition is satisfied and the date the applicable stock price hurdle is achieved, with continued service as Chief Executive Officer required through that later date. The filing notes that the volume-weighted average closing price of the issuer's common stock must equal or exceed the applicable hurdle over any 30 consecutive calendar days within the five-year performance period for the hurdle to be considered achieved.

The filing was signed by Connie Wu as attorney-in-fact on August 18, 2026. No shares of non-derivative common stock were reported as acquired or disposed of in Table I of the filing.

What Was Disclosed

The Form 4 discloses the August 17, 2026 grant of 880,000 PPSUs to Unity Software's President and CEO, Matthew S. Bromberg, with vesting contingent on both stock price hurdles and continued service conditions across three tranches over up to five years.