Adam Kuras - 26 Jan 2022 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Chief Lending Officer
Signature
Adam Kuras, POA Laurie Cook, Chief Accounting Officer/SVP
Issuer symbol
UNTY
Transactions as of
26 Jan 2022
Net transactions value
$0
Form type
4
Filing time
31 Jan 2022, 11:29:29 UTC
Previous filing
05 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Disposed to Issuer -2,625 -100% 0 26 Jan 2022 Direct F1
holding UNTY Common Stock 386 26 Jan 2022 Direct F2

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
transaction UNTY Stock Options (Right to buy) Disposed to Issuer $0 -1,333 -67% $0.000000 667 26 Jan 2022 Common Stock 1,333 $18.64 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Adam Kuras is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 2,625 unvested shares were cancelled and returned to the company's 2019 Equity Compensation Plan at the time of Mr. Kuras' resignation.
F2 376 shares are held in an account at Shareworks and 10 shares are dividend reinvested shares held at Computershare for a total of 386 shares.
F3 1,333 unvested options were cancelled and returned to the company's 2019 Equity Compensation Plan at the time of Mr. Kuras' resignation from the company.
F4 667 stock options were granted on 12/11/2020 and vest over 3 years of which 667 are currently exercisable. Options will continue to be exercisable for the 3 months following Mr. Kuras' resignation date.

Remarks:

Total Beneficial Ownership: 1,053