James A. Hughes - 03 Oct 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
Issuer symbol
UNTY
Transactions as of
03 Oct 2023
Net transactions value
+$10,512
Form type
4
Filing time
05 Oct 2023, 12:13:23 UTC
Previous filing
01 Sep 2023
Next filing
15 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 $10,512 +1,450 +1.1% $7.25 135,995 03 Oct 2023 Direct F1
holding UNTY Restricted Stock 42,824 03 Oct 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 -1,450 -1.2% $0.000000 116,490 03 Oct 2023 Common Stock 1,450 $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 135,995 shares consisting of 108,201 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 42,000 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 42,824.
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 116,490 stock options were granted under various dates and vesting periods of which 108,157 are currently exercisable.

Remarks:

Total Beneficial Ownership: 286,976