Vincent Geraci - 13 Jun 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
13 Jun 2023
Transactions value $
$-45,918
Form type
4
Filing time
15 Jun 2023, 12:02:02 UTC
Previous filing
09 Feb 2023
Next filing
07 Dec 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 $1,926 +200 +9.22% $9.63 2,369 13 Jun 2023 Direct
transaction UNTY Common Stock Options Exercise $93,200 +5,000 +211% $18.64 7,369 13 Jun 2023 Direct
transaction UNTY Common Stock Options Exercise $29,200 +2,000 +27.1% $14.60 9,369 13 Jun 2023 Direct
transaction UNTY Common Stock Sale $-46,679 -2,000 -21.3% $23.34 7,369 13 Jun 2023 Direct F1
transaction UNTY Common Stock Sale $-118,830 -5,000 -67.9% $23.77 2,369 13 Jun 2023 Direct F2
transaction UNTY Common Stock Sale $-4,735 -200 -8.44% $23.68 2,169 13 Jun 2023 Direct F3
holding UNTY Restricted Stock 6,592 13 Jun 2023 Direct 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
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -5,000 -51.5% $0.000000 4,700 13 Jun 2023 Common Stock 5,000 $18.64 Direct F5
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -2,000 -42.6% $0.000000 2,700 13 Jun 2023 Common Stock 2,000 $14.60 Direct F6
transaction UNTY Stock Option (Right to Buy) Options Exercise $0 -200 -7.41% $0.000000 2,500 13 Jun 2023 Common Stock 200 $9.63 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $23.22 USD to $23.63 USD; the price reported above reflects the weighted average sale price.
F2 This transaction was executed in multiple trades at prices ranging from $23.59 USD to $24.03 USD; the price reported above reflects the weighted average sale price.
F3 This transaction was executed in multiple trades at prices ranging from $23.63 USD to $23.75 USD; the price reported above reflects the weighted average sale price.
F4 6,562 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F5 Vests 2,500 share(s) on 11-Dec-2021, 2,500 share(s) on 11-Dec-2022, 2,500 share(s) on 11-Dec-2023
F6 Vests 1,667 share(s) on 15-Dec-2017, 1,666 share(s) on 15-Dec-2018, 1,667 share(s) on 15-Dec-2019
F7 Vests 1,834 share(s) on 16-Dec-2016, 1,833 share(s) on 16-Dec-2017, 1,833 share(s) on 16-Dec-2018
F8 2,500 stock options become exercisable on 11-Dec-2023

Remarks:

Total Beneficial Ownership: 8,731