Donald E. Souders Jr. - Jan 3, 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Donald E. Souders, Jr., 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
Nov 16, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +2K +80.81% $0.00 4.48K Jan 3, 2023 Direct F1, F2
holding UNTY Common Stock 14.4K 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) 16.8K 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 4,475 shares are held in an account at Computershare, which have upcoming vesting dates.
F3 14,288 shares are held in an account at Shareworks; and 77 shares are held in an additional brokerage account.
F4 16,800 stock options were granted under various dates and vesting periods of which 15,467 are currently exercisable.

Remarks:

Total Beneficial Ownership: 34,307