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

Role
Director Mortgage Lending/SVP
Signature
Vincent Geraci, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
Dec 9, 2023
Transactions value $
-$19,459
Form type
4
Date filed
12/12/2023, 03:09 PM
Previous filing
Dec 7, 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 -$7.54K -272 -4.76% $27.72 5.44K Dec 9, 2023 Direct F1
transaction UNTY Restricted Stock Tax liability -$8.15K -294 -5.98% $27.72 4.63K Dec 10, 2023 Direct F2
transaction UNTY Restricted Stock Tax liability -$3.77K -136 -3.1% $27.72 4.25K Dec 11, 2023 Direct F3, F4
holding UNTY Common Stock 3.64K 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) 2.5K 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 272 shares were withheld @ $27.72 per share to cover tax liability on 750 restricted stocks vesting.
F2 294 shares were withheld @ $27.72 per share to cover tax liability on 812 restricted stocks vesting.
F3 136 shares were withheld @ $27.72 per share to cover tax liability on 375 restricted stocks vesting.
F4 4,250 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F5 3,643 shares are held in an account at Shareworks.
F6 2,500 stock options were granted under various dates and vesting periods of which 2,500 are currently exercisable.

Remarks:

Total Beneficial Ownership: 10,393