Donald E. Souders Jr. - Feb 10, 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Donald E. Souders, Jr., POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
Feb 10, 2023
Transactions value $
-$13,019
Form type
4
Date filed
2/14/2023, 02:41 PM
Previous filing
Jan 5, 2023
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Common Stock Options Exercise $3.15K +168 +1.17% $18.77 14.5K Feb 10, 2023 Direct
transaction UNTY Common Stock Options Exercise $31.7K +1.61K +11.04% $19.75 16.1K Feb 10, 2023 Direct
transaction UNTY Common Stock Sale -$4.54K -168 -1.04% $27.00 16K Feb 10, 2023 Direct
transaction UNTY Common Stock Sale -$43.3K -1.61K -10.05% $27.00 14.4K Feb 10, 2023 Direct F1
holding UNTY Restricted Stock 4.48K Feb 10, 2023 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 -1.61K -9.55% $0.00 15.2K Feb 10, 2023 Common Stock 1.61K $19.75 Direct F3
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -168 -1.11% $0.00 15K Feb 10, 2023 Common Stock 168 $18.77 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 14,288 shares are held in an account at Shareworks, and 77 shares are held in additional brokeage accounts.
F2 4,475 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F3 Vests 1,067 share(s) on 02-Jan-2019, 1,066 share(s) on 02-Jan-2020, 1,066 share(s) on 02-Jan-2021.
F4 Vests 1,000 share(s) on 21-Dec-2019, 1,000 share(s) on 21-Dec-2020, 1,000 share(s) on 21-Dec-2021.
F5 15,027 stock options were granted under various dates and vesting periods of which 13,694 are currently exercisable.

Remarks:

Total Beneficial Ownership: 32,534