As filed with the U.S. Securities and Exchange Commission on February 27, 2023
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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| UNITY SOFTWARE INC. | |
(Exact name of registrant as specified in its charter) |
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Delaware | | 27-0334803 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
| 30 3rd Street | |
| San Francisco, California 94103‑3104 | |
| (Address, including zip code, of principal executive offices) | |
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| Unity Software Inc. 2020 Equity Incentive Plan | |
| Unity Software Inc. 2020 Employee Stock Purchase Plan | |
| (Full titles of the plans) | |
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| John Riccitiello | |
| President and Chief Executive Officer | |
| Unity Software Inc. | |
| 30 3rd Street | |
| San Francisco, California 94103‑3104 | |
| (415) 539‑3162 | |
| (Name, address and telephone number, including area code, of agent for service) | |
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| Copies to: | |
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Rachel Proffitt Cooley LLP 3 Embarcadero Center, 20th Floor San Francisco, California 94111 (415) 693-2000 | | Nora Go Unity Software Inc. 30 3rd Street San Francisco, CA, 94103 (415) 539-3162 |
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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. |
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Large accelerated filer | ☒ | | Accelerated filer | ☐ |
Non‑accelerated filer | ☐ | | Smaller reporting company | ☐ |
| | | Emerging growth company | ☐ |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. | ☐ |
EXPLANATORY NOTE
2020 Equity Incentive Plan
The 2020 Equity Incentive Plan (the “2020 Plan”) of Unity Software Inc. (the “Registrant”) provides that the total number of shares of the Registrant’s Common Stock (the “Common Stock”) reserved for issuance under the 2020 Plan will automatically increase on January 1st of each year for a period of ten years commencing on January 1, 2021 and ending on (and including) January 1, 2030, in an amount equal to 5% of the total number of shares of Common Stock outstanding on December 31 of the preceding year, or a lesser number of shares determined by the Registrant’s Board of Directors. Accordingly, on January 1, 2023, the number of shares of Common Stock reserved under the 2020 Plan increased by an additional 18,720,848 shares (or 5% of the outstanding shares of Common Stock as of December 31, 2022).
2020 Employee Stock Purchase Plan
The Registrant’s 2020 Employee Stock Purchase Plan (the “2020 ESPP”) provides that the total number of shares of Common Stock reserved for issuance under the 2020 ESPP will automatically increase on January 1st of each year for a period of up to ten years, commencing on January 1, 2021 and ending on (and including) January 1, 2030, in an amount equal to the lesser of (i) one percent (1%) of the total number of shares of Common Stock outstanding on December 31 of the immediately preceding calendar year, and (ii) 10,576,183 shares of Common Stock; provided that prior to the date of any such increase, the Registrant’s Board of Directors may determine that such increase will be less than the amount set forth in clauses (i) and (ii). Accordingly, on January 1, 2023, the number of shares of Common Stock reserved under the 2020 ESPP increased by an additional 3,744,169 shares (or 1% of the outstanding shares of Common Stock as of December 31, 2022).
The Registrant previously registered shares of its Common Stock for issuance under the 2020 Plan and the 2020 ESPP on a Registration Statement on Form S-8 (File No. 333-248882) filed with the Securities and Exchange Commission (the “SEC”) on September 18, 2020 and subsequent Registration Statements on Form S-8 (File Nos. 333-253935 and 333-262905) filed with the SEC on March 5, 2021 and February 22, 2022, respectively (together, the “Prior Forms S-8”).
This Registration Statement relates to securities of the same class as that to which the Prior Forms S-8 relate and is submitted in accordance with General Instruction E to Form S-8. Pursuant to General Instruction E of Form S-8, the contents of the Prior Forms S-8, to the extent relating to the registration of Common Stock issuable under the 2020 Plan and 2020 ESPP, as applicable, are incorporated herein by reference and made part of this Registration Statement.
PART II
ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents filed by the Registrant with the SEC are incorporated by reference into this Registration Statement:
(c)The description of the Registrant’s Common Stock which is contained in a registration statement on Form 8-A filed on September 9, 2020 under the Exchange Act of 1934, as amended (the “Exchange Act”), including any amendment or report filed for the purpose of updating such description, including Exhibit 4.3 of the 2022 10-K.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date of this Registration Statement, and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which de-registers all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents, except as to any portion of any future annual, quarterly or current report of the Registrant or document that is not deemed filed under such provisions. Unless expressly incorporated into this Registration Statement, a report (or portion thereof) “furnished” on Form 8-K shall not be incorporated by reference into this Registration Statement.
Any statement contained in a document incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 8. EXHIBIT INDEX
EXHIBIT INDEX | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Incorporated by Reference |
Exhibit Number | | Description of Exhibit | | Form | File Number | | Exhibit | | Filing Date |
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4.1 | | | | 8-K | | 001-39497 | | 3.1 | | September 22, 2020 |
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4.2 | | | | S-1/A | | 333-248255 | | 3.4 | | September 9, 2020 |
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4.3 | | | | S-1/A | | 333-248255 | | 4.1 | | September 9, 2020 |
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5.1* | | | | | | | | | | |
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23.1* | | | | | | | | | | |
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23.2* | | | | | | | | | | |
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24.1* | | | | | | | | | | |
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99.1 | | | | 10-K | | 001-39497 | | 10.3 | | February 22, 2022 |
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99.2 | | | | S-8 | | 333-248882 | | 99.4 | | September 18, 2020 |
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107* | | | | | | | | | | |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Francisco, State of California, on this 27th day of February, 2023.
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| | UNITY SOFTWARE INC. |
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| | By: | /s/ Luis Visoso |
| | | Luis Visoso |
| | | Senior Vice President and Chief Financial Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints John Riccitiello, Luis Visoso, Anirma Gupta and Nora Go, each of them, as his or her true and lawful attorneys-in-fact and agents, each with the full power of substitution, for him or her and in their name, place or stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his, her or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
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Signature | | Title | | Date |
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/s/ John Riccitiello | | President, Chief Executive Officer, and Executive Chairman of the Board of Directors | | February 27, 2023 |
John Riccitiello | | (Principal Executive Officer) | |
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/s/ Luis Visoso | | Senior Vice President and Chief Financial Officer | | February 27, 2023 |
Luis Visoso | | (Principal Financial Officer) | |
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/s/ Mark Barrysmith | | Chief Accounting Officer | | February 27, 2023 |
Mark Barrysmith | | (Principal Accounting Officer) | | |
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/s/ Tomer Bar-Zeev | | Director | | February 27, 2023 |
Tomer Bar-Zeev | | | |
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/s/ Roelof Botha | | Director | | February 27, 2023 |
Roelof Botha | | | |
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/s/ Mary Schmidt Campbell | | Director | | February 27, 2023 |
Mary Schmidt Campbell, Ph.D. | | | | |
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/s/ Shlomo Dovrat | | Director | | February 27, 2023 |
Shlomo Dovrat | | | |
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/s/ Egon Durban | | Director | | February 27, 2023 |
Egon Durban | | | |
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/s/ David Helgason | | Director | | February 27, 2023 |
David Helgason | | | |
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/s/ Keisha Smith-Jeremie | | Director | | February 27, 2023 |
Keisha Smith-Jeremie | | | |
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/s/ David Kostman | | Director | | February 27, 2023 |
David Kostman | | | | |
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/s/ Michelle Lee | | Director | | February 27, 2023 |
Michelle Lee | | | | |
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/s/ Barry Schuler | | Director | | February 27, 2023 |
Barry Schuler | | | | |
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/s/ Robynne Sisco | | Director | | February 27, 2023 |
Robynne Sisco | | | | |