James A. Hughes - Jul 6, 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
Jul 6, 2023
Transactions value $
$10,585
Form type
4
Date filed
7/10/2023, 11:25 AM
Previous filing
May 9, 2023
Next filing
Aug 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Common Stock Options Exercise $10.6K +1.46K +1.12% $7.25 132K Jul 6, 2023 Direct F1
holding UNTY Restricted Stock 46.7K Jul 6, 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 -1.46K -1.22% $0.00 118K Jul 6, 2023 Common Stock 1.46K $7.25 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 132,237 shares consisting of 104,443 shares held in an account at Shareworks, 6,085 shares held in an account at Computershare, 12,327 shares held in a brokerage account, and 9,382 shares are held in a 401K plan.
F2 45,875 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 46,699.
F3 Vests 3,667 share(s) on 27-Mar-2015, 3,666 share(s) on 27-Mar-2016, 3,667 share(s) on 27-Mar-2017
F4 117,940 stock options were granted under various dates and vesting periods of which 109,607 are currently exercisable.

Remarks:

Total Beneficial Ownership: 288,543