Raj Patel - 03 Jan 2022 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Raj Patel, POA Laurie Cook, Chief Accounting Officer/SVP
Issuer symbol
UNTY
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
05 Jan 2022, 16:10:22 UTC
Previous filing
25 Oct 2021
Next filing
05 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +2,000 +213% $0.000000 2,937 03 Jan 2022 Direct F1, F2
holding UNTY Common Stock 39,054 03 Jan 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding UNTY Stock Options (Right to buy) 18,500 03 Jan 2022 Common Stock Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,000 restricted shares were granted on 1/3/2022 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 500 shares on 1/3/2023, 500 shares on 1/3/2024, 500 shares on 1/3/2025, and 500 shares on 1/3/2026.
F2 2,937 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F3 626 shares are held in an account at Shareworks; and 38,428 are held in additional brokerage accounts.
F4 18,500 stock options were granted under various dates and vesting periods of which 13,634 are currently exercisable.

Remarks:

Total Beneficial Ownership: 55,625