Raj Patel - Jan 2, 2024 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Raj Patel, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/4/2024, 01:25 PM
Previous filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +2.2K +80% $0.00 4.95K Jan 2, 2024 Direct F1, F2
holding UNTY Common Stock 51.6K 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) 8.2K 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 2,200 restricted shares were granted on 1/2/2024 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 550 shares on 1/2/2025, 550 shares on 1/2/2026, 550 shares on 1/2/2027, and 550 shares on 1/2/2028.
F2 4,950 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F3 51,563 shares consisting of 39,453 shares held in an account at TD Ameritrade, 10,860 shares held in multiple accounts at Morgan Stanley, and 1,250 shares held at Shareworks.
F4 8,200 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 64,713