James A. Hughes - Mar 25, 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role: President/CEO, Director
Signature: James A. Hughes, POA Jason Murray, Accounting Operations Supervisor, AVP
Stock symbol: UNTY
Transactions as of: Mar 25, 2023
Transactions value $: -$23,192
Form type: 4
Date filed: 3/28/2023, 10:06 AM
Previous filing: Mar 21, 2023
Next filing: Apr 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UNTY	Restricted Stock	Tax liability	-$23.2K	-1.01K	-3.4%	$22.94	28.7K	Mar 25, 2023	Direct	F1, F2
holding	UNTY	Common Stock						130K	Mar 25, 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)						121K	Mar 25, 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	1,011 shares were withheld @ $22.94 per share to cover tax liability on 2,500 restricted stock vesting.
F2	27,875 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 28,699.
F3	129,577 shares consisting of 101,783 shares held in an account at Shareworks, 6,085 certificated shares held in an account at Computershare, 12,327 shares held in street name, and 9,382 shares are held in a 401K plan.
F4	120,600 stock options were granted under various dates and vesting periods of which 112,267 are currently exercisable.

Remarks:

Total Beneficial Ownership: 270,543