David D. Dallas - Jan 2, 2024 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director, Chairman of the Board, 10%+ Owner
Signature
David D. Dallas, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/4/2024, 01:40 PM
Previous filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +2.2K +57.05% $0.00 6.06K Jan 2, 2024 Direct F1, F2
holding UNTY Common Stock 36.1K Jan 2, 2024 Direct F3
holding UNTY Common Stock 1.77M Jan 2, 2024 Dallas Financial Holdings, LLC F4

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) 17.3K Jan 2, 2024 Common Stock Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,200 restricted shares were granted on 1/2/2024 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 550 shares on 1/2/2025, 550 shares on 1/2/2026, 550 shares on 1/2/2027, and 550 shares on 1/2/2028.
F2 5,250 shares are held in an account at Computershare, which have upcoming vesting dates. 806 shares are dividend reinvested shares for a total of 6,056.
F3 26,071 shares are held in an account at Shareworks of which dividends are reinvested quarterly. An additional 10,000 shares are held in a seperate brokerage account.
F4 189,952 shares are held in an account at Computershare, 1,580,310 shares are held in a brokerage account totaling 1,770,262.
F5 17,333 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 1,829,722