James A. Hughes - Nov 12, 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
Stock symbol
UNTY
Transactions as of
Nov 12, 2024
Transactions value $
-$169,651
Form type
4
Date filed
11/13/2024, 04:04 PM
Previous filing
Sep 3, 2024
Next filing
Nov 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Common Stock Options Exercise $91.4K +11K +7.4% $8.31 160K Nov 12, 2024 Direct
transaction UNTY Common Stock Sale -$261K -5.65K -3.54% $46.21 154K Nov 12, 2024 Direct F1
holding UNTY Restricted Stock 45.8K Nov 12, 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 -11K -9.91% $0.00 100K Nov 12, 2024 Common Stock 11K $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