Donald E. Souders Jr. - 14 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
14 Feb 2023
Net transactions value
-$83,012
Form type
4
Filing time
16 Feb 2023, 12:21:50 UTC
Previous filing
14 Feb 2023
Next filing
05 Jun 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 $31,501 +1,595 +11% $19.75 15,960 14 Feb 2023 Direct
transaction UNTY Common Stock Sale $42,443 -1,595 -10% $26.61 14,365 14 Feb 2023 Direct
transaction UNTY Common Stock Options Exercise $53,157 +2,832 +20% $18.77 17,197 14 Feb 2023 Direct
transaction UNTY Common Stock Sale $75,202 -2,832 -16% $26.55 14,365 14 Feb 2023 Direct
transaction UNTY Common Stock Options Exercise $148,962 +6,600 +46% $22.57 20,965 14 Feb 2023 Direct
transaction UNTY Common Stock Sale $174,964 -6,600 -31% $26.51 14,365 14 Feb 2023 Direct
transaction UNTY Common Stock Options Exercise $46,806 +2,667 +19% $17.55 17,032 14 Feb 2023 Direct
transaction UNTY Common Stock Sale $70,829 -2,667 -16% $26.56 14,365 14 Feb 2023 Direct F1
holding UNTY Restricted Stock 4,475 14 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 -6,600 -44% $0.000000 8,427 14 Feb 2023 Common Stock 6,600 $22.57 Direct F3
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -1,595 -19% $0.000000 6,832 14 Feb 2023 Common Stock 1,595 $19.75 Direct F4
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -2,832 -41% $0.000000 4,000 14 Feb 2023 Common Stock 2,832 $18.77 Direct F5
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -2,667 -67% $0.000000 1,333 14 Feb 2023 Common Stock 2,667 $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