Summary by Futu AI
Unity Software's SVP and Chief Operating Officer, Alexander Blum, has filed an Initial Statement of Beneficial Ownership of Securities with the SEC, disclosing ownership of 437,572 shares of common stock. The filing, dated November 1, 2024, also details derivative securities in the form of stock options to buy an additional 340,000 shares at an exercise price of $16.15, exercisable until July 8, 2034. These options are subject to a four-year performance period and vesting conditions based on continuous service and stock price hurdles. The first tranche of options will vest if a stock price of $35.00 is maintained for 60 consecutive days by July 8, 2025, and the second tranche at a price of $50.00 by July 8, 2026. The filing was signed by attorney-in-fact Nora Go on November 4, 2024.