Donald E. Souders Jr. - 10 Feb 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
Issuer symbol
UNTY
Transactions as of
10 Feb 2023
Net transactions value
-$13,019
Form type
4
Filing time
14 Feb 2023, 14:41:07 UTC
Previous filing
05 Jan 2023
Next filing
16 Feb 2023
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 $3,153 +168 +1.2% $18.77 14,533 10 Feb 2023 Direct
transaction UNTY Common Stock Options Exercise $31,699 +1,605 +11% $19.75 16,138 10 Feb 2023 Direct
transaction UNTY Common Stock Sale $4,536 -168 -1% $27.00 15,970 10 Feb 2023 Direct
transaction UNTY Common Stock Sale $43,335 -1,605 -10% $27.00 14,365 10 Feb 2023 Direct F1
holding UNTY Restricted Stock 4,475 10 Feb 2023 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 -1,605 -9.6% $0.000000 15,195 10 Feb 2023 Common Stock 1,605 $19.75 Direct F3
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -168 -1.1% $0.000000 15,027 10 Feb 2023 Common Stock 168 $18.77 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 14,288 shares are held in an account at Shareworks, and 77 shares are held in additional brokeage accounts.
F2 4,475 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F3 Vests 1,067 share(s) on 02-Jan-2019, 1,066 share(s) on 02-Jan-2020, 1,066 share(s) on 02-Jan-2021.
F4 Vests 1,000 share(s) on 21-Dec-2019, 1,000 share(s) on 21-Dec-2020, 1,000 share(s) on 21-Dec-2021.
F5 15,027 stock options were granted under various dates and vesting periods of which 13,694 are currently exercisable.

Remarks:

Total Beneficial Ownership: 32,534