Raj Patel - 14 Sep 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Raj Patel, POA Jason Murray, Accounting Operations Supervisor/AVP
Issuer symbol
UNTY
Transactions as of
14 Sep 2023
Net transactions value
+$71,818
Form type
4
Filing time
18 Sep 2023, 14:10:55 UTC
Previous filing
05 Jan 2023
Next filing
19 Dec 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 $48,268 +4,400 +11% $10.97 43,454 14 Sep 2023 Direct F1
transaction UNTY Common Stock Options Exercise $23,550 +1,500 +3.5% $15.70 44,954 14 Sep 2023 Direct
holding UNTY Restricted Stock 4,000 14 Sep 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 -1,500 -8.1% $0.000000 17,000 14 Sep 2023 Common Stock 1,500 $15.70 Direct F3
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -4,400 -26% $0.000000 12,600 14 Sep 2023 Common Stock 4,400 $10.97 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 44,954 shares consisting of 5,900 shares held in an account at Shareworks, 38,516 shares held in an account at E'Trade, and 538 shares held in another E'Trade account.
F2 4,000 shares are held in an account at Computershare, which have upcoming vesting dates.
F3 Vests 500 share(s) on 3-Jan-2018, 500 share(s) on 3-Jan-2019, 500 share(s) on 3-Jan-2020.
F4 Vests 1,467 share(s) on 05-Jan-2017, 1,466 share(s) on 05-Jan-2018, 1,467 share(s) on 05-Jan-2019.
F5 12,600 stock options were granted under various dates and vesting periods of which 11,267 are currently exercisable.

Remarks:

Total Beneficial Ownership: 60,221