James A. Hughes - 12 Nov 2024 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
President/CEO, Director
Signature
James A. Hughes, POA Amanda Roche, Finance Department Supervisor/VP
Issuer symbol
UNTY
Transactions as of
12 Nov 2024
Net transactions value
-$169,651
Form type
4
Filing time
13 Nov 2024, 16:04:06 UTC
Previous filing
03 Sep 2024
Next filing
15 Nov 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 $91,410 +11,000 +7.4% $8.31 159,670 12 Nov 2024 Direct
transaction UNTY Common Stock Sale $261,061 -5,650 -3.5% $46.21 154,020 12 Nov 2024 Direct F1
holding UNTY Restricted Stock 45,824 12 Nov 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 -11,000 -9.9% $0.000000 100,000 12 Nov 2024 Common Stock 11,000 $8.31 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 154,020 shares consisting of 126,226 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 45,000 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 45,824.
F3 Vested 3,667 share(s) on 29-Jan-2016, 3,666 share(s) on 29-Jan-2017, 3,667 share(s) on 29-Jan-2018.
F4 100,000 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 299,844