James A. Hughes - 21 Nov 2022 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
President/CEO, Director
Signature
James A. Hughes, POA Jason Murray, Accounting Operations Supervisor, AVP
Issuer symbol
UNTY
Transactions as of
21 Nov 2022
Net transactions value
+$3,625
Form type
4
Filing time
23 Nov 2022, 12:16:05 UTC
Previous filing
02 Sep 2022
Next filing
30 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Common Stock Options Exercise $3,625 +500 +0.41% $7.25 122,839 21 Nov 2022 Direct F1
holding UNTY Restricted Stock 39,699 21 Nov 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 Option (Right to Buy) Options Exercise $0 -500 -0.41% $0.000000 121,500 21 Nov 2022 Common Stock 500 $7.25 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 122,839 shares consisting of 95,045 shares held in an account at Shareworks, 6,085 shares held in an account at Computershare, 12,327 shares held in a brokerage account, and 9,382 shares are held in a 401K plan.
F2 38,875 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 39,699.
F3 Vests 3,667 share(s) on 27-Mar-2015, 3,666 share(s) on 27-Mar-2016, 3,667 share(s) on 27-Mar-2017
F4 121,500 stock options were granted under various dates and vesting periods of which 99,834 are currently exercisable.

Remarks:

Total Beneficial Ownership: 262,372