Minsu Kim - 09 Dec 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Chief Credit Officer/SVP
Signature
Minsu Kim, POA Jason Murray, Accounting Operations Supervisor/AVP
Issuer symbol
UNTY
Transactions as of
09 Dec 2023
Net transactions value
-$8,205
Form type
4
Filing time
12 Dec 2023, 14:43:33 UTC
Previous filing
29 Jun 2023
Next filing
03 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Tax liability $4,407 -159 -6.4% $27.72 2,312 09 Dec 2023 Direct F1
transaction UNTY Restricted Stock Tax liability $2,523 -91 -4.2% $27.72 2,062 10 Dec 2023 Direct F2
transaction UNTY Restricted Stock Tax liability $1,275 -46 -2.3% $27.72 1,937 11 Dec 2023 Direct F3, F4
holding UNTY Common Stock 922 09 Dec 2023 Direct F5

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) 1,333 09 Dec 2023 Common Stock Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 159 shares were withheld @ $27.72 per share to cover tax liability on 438 restricted stock vesting.
F2 91 shares were withheld @ $27.72 per share to cover tax liability on 250 restricted stock vesting.
F3 46 shares were withheld @ $27.72 per share to cover tax liability on 125 restricted stock vesting.
F4 1,937 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F5 922 shares are held in an account at Shareworks.
F6 1,333 stock options were granted under various dates and vesting periods of which 1,333 are currently exercisable.

Remarks:

Total Beneficial Ownership: 4,192