Vincent Geraci - 07 Feb 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director of Mortgage Lending
Signature
Vincent Geraci, POA Jason Murray, Accounting Operations Supervisor/AVP
Issuer symbol
UNTY
Transactions as of
07 Feb 2023
Transactions value $
-$95,449
Form type
4
Filing time
09 Feb 2023, 09:58:24 UTC
Previous filing
13 Dec 2022
Next filing
15 Jun 2023
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 $100,125 +4,500 +207% $22.25 6,669 07 Feb 2023 Direct
transaction UNTY Common Stock Options Exercise $106,500 +5,000 +75% $21.3 11,669 07 Feb 2023 Direct
transaction UNTY Common Stock Options Exercise $118,500 +6,000 +51% $19.75 17,669 07 Feb 2023 Direct
transaction UNTY Common Stock Sale -$162,886 -6,000 -34% $27.15 11,669 07 Feb 2023 Direct
transaction UNTY Common Stock Sale -$135,742 -5,000 -43% $27.15 6,669 07 Feb 2023 Direct
transaction UNTY Common Stock Sale -$121,945 -4,500 -67% $27.1 2,169 07 Feb 2023 Direct F1
holding UNTY Restricted Shares 6,562 07 Feb 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 -4,500 -18% $0 20,700 07 Feb 2023 Common Stock 4,500 $22.25 Direct F3
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -5,000 -24% $0 15,700 07 Feb 2023 Common Stock 5,000 $21.3 Direct F4
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -6,000 -38% $0 9,700 07 Feb 2023 Common Stock 6,000 $19.75 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,169 shares are held in an account at Shareworks
F2 6,562 shares are held in an account at Computershare, which have upcoming vesting dates.
F3 Vests 1,500 share(s) on 06-Dec-2020, 1,500 share(s) on 06-Dec-2021, 1,500 share(s) on 06-Dec-2022.
F4 Vests 1,667 share(s) on 10-Dec-2019, 1,666 share(s) on 10-Dec-2020, 1,666 share(s) on 10-Dec-2021.
F5 Vests 2,000 share(s) on 02-Jan-2019, 2,000 share(s) on 02-Jan-2020, 2,000 share(s) on 02-Jan-2022.
F6 9,700 stock options were granted under various dates and vesting periods of which 7,200 are currently exercisable.

Remarks:

Total Beneficial Ownership: 15,931