Unity Bancorp holder plans sale of 6,504 shares

Rhea-AI Filing Summary

UNITY BANCORP, INC. (UNTY) received a Rule 144 notice from shareholder George Boyan covering a proposed sale of 6,504 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists an aggregate market value of $384,791.60 for these shares and states that Unity Bancorp had 10,042,578 shares outstanding as of September 3, 2026.

The shares to be sold were acquired between January 2, 2025 and April 5, 2025 through dividend reinvestment and restricted stock awards. The notice also reports that Boyan sold 845 shares of Unity Bancorp common stock in the prior three months for $49,944.94.

Key Figures

Shares proposed to be sold: 6,504 shares Aggregate market value of proposed sale: $384,791.60 Shares outstanding: 10,042,578 shares +4 more

7 metrics

Shares proposed to be sold 6,504 shares Common stock covered by the Rule 144 notice

Aggregate market value of proposed sale $384,791.60 Value of 6,504 shares of Unity Bancorp common stock

Shares outstanding 10,042,578 shares Unity Bancorp common stock outstanding as of September 3, 2026

Recent shares sold 845 shares Unity Bancorp common stock sold on September 2, 2026

Proceeds from recent sale $49,944.94 Sale of 845 shares on September 2, 2026

Dividend reinvestment shares in proposed sale 92 shares 30 shares on January 2, 2025 and 62 shares on March 28, 2025

Restricted stock in proposed sale 6,412 shares Restricted stock grants dated March 8, March 16, March 15, and April 5, 2025

Key Terms

Rule 144, Dividend Reinvestment Shares, Restricted Stock, aggregate market value, +1 more

5 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Dividend Reinvestment Shares financial

"Common | 01/02/2025 | Dividend Reinvestment Shares | Issuer"

Restricted Stock financial

"Common | 03/08/2025 | Restricted Stock | Issuer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

aggregate market value financial

"Common | Morgan Stanley Smith Barney LLC ... | 6504 | 384791.60"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Securities To Be Sold regulatory

"144: Securities To Be Sold"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing mean for UNTY?

The Form 144 reports that George Boyan intends to sell up to 6,504 shares of Unity Bancorp common stock under Rule 144, with an indicated aggregate market value of $384,791.60. It is a notice of a potential sale, not a confirmation that the sale has occurred.

How many UNTY shares is the shareholder planning to sell under this Form 144?

The notice covers a proposed sale of 6,504 shares of Unity Bancorp common stock. These shares were acquired between January 2, 2025 and April 5, 2025 through dividend reinvestment and restricted stock awards.

What is the indicated value of the UNTY shares covered by the Form 144?

The Form 144 states an aggregate market value of $384,791.60 for the 6,504 shares of Unity Bancorp common stock proposed to be sold under Rule 144.

How many UNTY shares are outstanding according to this filing?

The filing reports that Unity Bancorp had 10,042,578 shares of common stock outstanding as of September 3, 2026. This figure provides context for the potential sale under Rule 144.

What prior UNTY share sales by this shareholder are disclosed?

The notice states that 845 shares of Unity Bancorp common stock were sold by George Boyan on September 2, 2026 for $49,944.94 during the three months preceding the Form 144 filing.

How were the UNTY shares to be sold under Form 144 originally acquired?

The 6,504 shares covered by the Form 144 were acquired from Unity Bancorp between January 2, 2025 and April 5, 2025 as Dividend Reinvestment Shares and Restricted Stock, with specific grants and reinvestments listed for each date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 06:50 PM EDT Accepted by SEC EDGAR 09/03/2026 - 06:42 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001854802
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	UNITY BANCORP, INC.
SEC File Number	001-12431
Address of Issuer	64 Old Highway 22 Clinton NEW JERSEY 08809
Phone	(908) 730-7630
Name of Person for Whose Account the Securities are To Be Sold	GEORGE BOYAN
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	6504	384791.60	10042578	09/03/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/02/2025	Dividend Reinvestment Shares	Issuer			30	01/02/2025	Cash
Common	03/08/2025	Restricted Stock	Issuer			1915	03/08/2025	Not Applicable
Common	03/16/2025	Restricted Stock	Issuer			1915	03/16/2025	Not Applicable
Common	03/28/2025	Dividend Reinvestment Shares	Issuer			62	03/28/2025	Cash
Common	04/05/2025	Restricted Stock	Issuer			827	04/05/2025	Not Applicable
Common	03/15/2025	Restricted Stock	Issuer			1755	03/15/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
George Boyan 64 Old Highway 22 Clinton NJ 08809	Common	09/02/2026	845	49944.94

144: Remarks and Signature

Remarks
Date of Notice	09/03/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ George Boyan
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)