Minsu Kim - Jan 2, 2024 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
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 04:55 PM
Previous filing
Dec 12, 2023
Next filing
Jul 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Shares Award $0 +2K +103.25% $0.00 3.94K Jan 2, 2024 Direct F1, F2
holding UNTY Common Stock 922 Jan 2, 2024 Direct F3

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 Jan 2, 2024 Common Stock Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,000 restricted shares were granted on 01/02/2024 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 500 shares on 01/02/2025, 500 shares on 01/02/2026, 500 shares on 01/02/2027, and 500 shares on 01/02/2028.
F2 3,937 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F3 922 shares are held in an account at Shareworks.
F4 1,333 stock options were granted under various dates and vesting periods all of which are currently exercisable.

Remarks:

Total Beneficial Ownership: 6,192