John J. Kauchak - May 5, 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
EVP/COO
Signature
John J. Kauchak, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
May 5, 2023
Transactions value $
$0
Form type
4
Date filed
5/9/2023, 12:19 PM
Previous filing
Mar 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +8.5K +91.89% $0.00 17.8K May 5, 2023 Direct F1, F2
holding UNTY Common Stock 61.8K May 5, 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) 63K May 5, 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 8,500 restricted shares were granted on 5/5/2023 from the 2019 Equity Compensation Plan and vest over 3.86 years; vesting commences with 2,125 shares on 5/5/2024, 2,125 shares on 3/15/2025, 2,125 shares on 3/15/2026, and 2,125 shares on 3/15/2027.
F2 17,750 shares are held in an account at Computershare, which have upcoming vesting dates.
F3 60,351 shares are held in an account at Shareworks and 1,473 are held in an account at Computershare for a total of 61,824.
F4 63,000 stock options were granted under various dates and vesting periods of which 59,000 are currently exercisable.

Remarks:

Total Beneficial Ownership: 138,574