Form 4: Unity Software Director Michelle K. Lee Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Michelle K. Lee of Unity Software Inc. sold 800 shares of common stock at $18.02 per share on July 18, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On July 18, 2024, Michelle K. Lee, a director of Unity Software Inc., sold 800 shares of common stock.
- The sale was executed at a price of $18.02 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on March 13, 2024.
- Following the transaction, Lee directly owns 11,555 shares and indirectly owns 708 shares through a trust for a minor in the same household.
- Lee also has indirect ownership of 8,815 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- The stock sale by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact due to the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 07/18/2024 | Date of stock sale transaction |
| 07/19/2024 | Date of signature on the Form 4 filing |
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