Raj Patel - 27 Jan 2025 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Raj Patel, POA Amanda Roche, Finance Department Supervisor/VP
Issuer symbol
UNTY
Transactions as of
27 Jan 2025
Net transactions value
$0
Form type
4
Filing time
28 Jan 2025, 08:10:46 UTC
Previous filing
04 Jan 2024
Next filing
28 Jan 2026
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +1,600 +51% $0.000000 4,750 27 Jan 2025 Direct F1, F2
holding UNTY Common Stock 53,372 27 Jan 2025 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) 8,200 27 Jan 2025 Common Stock Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,600 restricted shares were granted on 1/27/2025 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 400 shares on 1/27/2026, 400 shares on 1/27/2027, 400 shares on 1/27/2028, and 400 shares on 1/27/2029.
F2 4,750 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F3 53,372 shares consisting of 453 shares held in an account at Charles Schwab, 51,119 shares held in multiple accounts at Morgan Stanley, and 1,800 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: 66,322