The key word here seems to be "up to". It'll be interesting to see how many employees (common shareholders) are actually willing to sell their shares to the investors.
If they're holding on and the full $525M isn't raised, then almost paradoxically, I'd wager that Unity is doing really really well. If they're selling, I don't think it necessarily can be construed as good or bad without proper context.
If they're holding on and the full $525M isn't raised, then almost paradoxically, I'd wager that Unity is doing really really well. If they're selling, I don't think it necessarily can be construed as good or bad without proper context.