Raj Patel - Jan 3, 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Raj Patel, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
Jan 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/5/2023, 11:14 AM
Previous filing
Jan 5, 2022
Next filing
Sep 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +2K +100% $0.00 4K Jan 3, 2023 Direct F1, F2
holding UNTY Common Stock 40K Jan 3, 2023 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) 18.5K Jan 3, 2023 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 1/3/2023 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 500 shares on 1/3/2024, 500 shares on 1/3/2025, 500 shares on 1/3/2026, and 500 shares on 1/3/2027.
F2 4,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F3 937 shares are held in an account at Shareworks; and 39,054 are held in additional brokerage accounts.
F4 18,500 stock options were granted under various dates and vesting periods of which 17,167 are currently exercisable.

Remarks:

Total Beneficial Ownership: 61,158