James A. Hughes - 05 Mar 2024 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
05 Mar 2024
Net transactions value
-$2,441
Form type
4
Filing time
07 Mar 2024, 12:27:19 UTC
Previous filing
02 Feb 2024
Next filing
12 Mar 2024
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 $14,594 +2,013 +1.5% $7.25 138,891 05 Mar 2024 Direct
transaction UNTY Common Stock Sale $31,536 -1,156 -0.83% $27.28 137,735 05 Mar 2024 Direct
transaction UNTY Common Stock Options Exercise $14,500 +2,000 +1.5% $7.25 139,735 06 Mar 2024 Direct F1
holding UNTY Restricted Stock 42,824 05 Mar 2024 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 -2,013 -1.8% $0.000000 113,000 05 Mar 2024 Common Stock 2,013 $7.25 Direct F3
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -2,000 -1.8% $0.000000 111,000 06 Mar 2024 Common Stock 2,000 $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 139,735 shares consisting of 111,941 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 Vested 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 111,000 stock options were granted under various dates and vesting periods of which 102,667 are currently exercisable.

Remarks:

Total Beneficial Ownership: 285,226