Minsu Kim - Dec 9, 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Chief Credit Officer/SVP
Signature
Minsu Kim, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
Dec 9, 2023
Transactions value $
-$8,205
Form type
4
Date filed
12/12/2023, 02:43 PM
Previous filing
Jun 29, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Tax liability -$4.41K -159 -6.43% $27.72 2.31K Dec 9, 2023 Direct F1
transaction UNTY Restricted Stock Tax liability -$2.52K -91 -4.23% $27.72 2.06K Dec 10, 2023 Direct F2
transaction UNTY Restricted Stock Tax liability -$1.28K -46 -2.32% $27.72 1.94K Dec 11, 2023 Direct F3, F4
holding UNTY Common Stock 922 Dec 9, 2023 Direct F5

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) 1.33K Dec 9, 2023 Common Stock Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 159 shares were withheld @ $27.72 per share to cover tax liability on 438 restricted stock vesting.
F2 91 shares were withheld @ $27.72 per share to cover tax liability on 250 restricted stock vesting.
F3 46 shares were withheld @ $27.72 per share to cover tax liability on 125 restricted stock vesting.
F4 1,937 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F5 922 shares are held in an account at Shareworks.
F6 1,333 stock options were granted under various dates and vesting periods of which 1,333 are currently exercisable.

Remarks:

Total Beneficial Ownership: 4,192