Donald E. Souders Jr. - Feb 14, 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
Feb 14, 2023
Transactions value $
-$83,012
Form type
4
Date filed
2/16/2023, 12:21 PM
Previous filing
Feb 14, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Common Stock Options Exercise $31.5K +1.6K +11.1% $19.75 16K Feb 14, 2023 Direct
transaction UNTY Common Stock Sale -$42.4K -1.6K -9.99% $26.61 14.4K Feb 14, 2023 Direct
transaction UNTY Common Stock Options Exercise $53.2K +2.83K +19.71% $18.77 17.2K Feb 14, 2023 Direct
transaction UNTY Common Stock Sale -$75.2K -2.83K -16.47% $26.55 14.4K Feb 14, 2023 Direct
transaction UNTY Common Stock Options Exercise $149K +6.6K +45.95% $22.57 21K Feb 14, 2023 Direct
transaction UNTY Common Stock Sale -$175K -6.6K -31.48% $26.51 14.4K Feb 14, 2023 Direct
transaction UNTY Common Stock Options Exercise $46.8K +2.67K +18.57% $17.55 17K Feb 14, 2023 Direct
transaction UNTY Common Stock Sale -$70.8K -2.67K -15.66% $26.56 14.4K Feb 14, 2023 Direct F1
holding UNTY Restricted Stock 4.48K Feb 14, 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 -6.6K -43.92% $0.00 8.43K Feb 14, 2023 Common Stock 6.6K $22.57 Direct F3
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -1.6K -18.93% $0.00 6.83K Feb 14, 2023 Common Stock 1.6K $19.75 Direct F4
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -2.83K -41.45% $0.00 4K Feb 14, 2023 Common Stock 2.83K $18.77 Direct F5
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -2.67K -66.68% $0.00 1.33K Feb 14, 2023 Common Stock 2.67K $17.55 Direct F6, F7
* 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 2,200 share(s) on 02-Jan-2021, 2,200 share(s) on 02-Jan-2022, 2,200 share(s) on 02-Jan-2023.
F4 Vests 1,067 share(s) on 02-Jan-2019, 1,066 share(s) on 02-Jan-2020, 1,067 share(s) on 02-Jan-2021.
F5 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.
F6 Vests 1,334 share(s) on 04-Jan-2022, 1,333 share(s) on 04-Jan-2023, 1,333 share(s) on 04-Jan-2024.
F7 1,333 stock options were granted under various dates and vesting periods, none are currently exercisable.

Remarks:

Total Beneficial Ownership: 18,840