Unity Bancorp (UNTY) CEO reports exercising 2,000 stock options

Rhea-AI Filing Summary

Unity Bancorp Inc. director and CEO James A. Hughes reported an option exercise on January 8, 2026. He exercised 2,000 stock options at an exercise price of $8.95 per share, acquiring 2,000 shares of common stock through a transaction coded "M" (option exercise).

Following this transaction, he directly holds 173,013 shares of common stock, detailed as positions in Shareworks, Computershare, a brokerage account, and a 401(k) plan. He also directly holds 41,824 shares of restricted stock and 90,500 stock options, all of which are currently exercisable. The filing notes a total beneficial ownership of 305,337 shares.

Insider Trade Summary

2,000 shares exercised/converted

Mixed 3 txns

Insider HUGHES JAMES A

Role CEO

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to buy)	2,000	$0.00	--
Exercise	Common Stock	2,000	$8.95	$18K
holding	Restricted Stock	--	--	--

Holdings After Transaction: Stock Options (Right to buy) — 90,500 shares (Direct); Common Stock — 173,013 shares (Direct); Restricted Stock — 41,824 shares (Direct)

Footnotes (1)

1. 173,013 shares consisting of 146,446 shares held in an account in Shareworks, 6,085 shares held in an account at Computershare, 11,097 shares held in a brokerage account, and 9,382 shares are held in a 401K plan. 41,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 41,824. Vested 3,667 share(s) on 25-Feb-2017, 3,666 share(s) on 25-Feb-2018, 3,667 share(s) on 25-Feb-2019 90,500 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HUGHES JAMES A

(Last) (First) (Middle)

UNITY BANK

64 OLD HWY 22

(Street)

CLINTON NJ 08809

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITY BANCORP INC /NJ/ [ UNTY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/08/2026		M		2,000	A	$8.95	173,013(1)	D
Restricted Stock								41,824(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to buy)	$8.95	01/08/2026		M			2,000	(3)	02/25/2026	Common Stock	2,000	$0.00	90,500(4)	D

Explanation of Responses:

1. 173,013 shares consisting of 146,446 shares held in an account in Shareworks, 6,085 shares held in an account at Computershare, 11,097 shares held in a brokerage account, and 9,382 shares are held in a 401K plan.

2. 41,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 41,824.

3. Vested 3,667 share(s) on 25-Feb-2017, 3,666 share(s) on 25-Feb-2018, 3,667 share(s) on 25-Feb-2019

4. 90,500 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 305,337

	James A. Hughes, POA Amanda Roche, FVP/Controller	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Unity Bancorp (UNTY) report for James A. Hughes?

Unity Bancorp reported that James A. Hughes, its director and CEO, exercised 2,000 stock options on January 8, 2026, acquiring 2,000 shares of common stock in a transaction coded "M" (option exercise).

At what price did the Unity Bancorp CEO exercise stock options in this Form 4?

James A. Hughes exercised 2,000 stock options with a conversion or exercise price of $8.95 per share, resulting in the acquisition of 2,000 shares of Unity Bancorp common stock.

How many Unity Bancorp common shares does James A. Hughes own after this transaction?

After the reported option exercise, James A. Hughes directly owns 173,013 shares of Unity Bancorp common stock, held across Shareworks, Computershare, a brokerage account, and a 401(k) plan.

What restricted stock and options holdings does the Unity Bancorp CEO report?

James A. Hughes reports 41,824 shares of restricted stock, including 41,000 restricted shares with upcoming vesting dates and 824 dividend reinvested shares, and 90,500 stock options, all currently exercisable.

What is the total beneficial ownership reported for James A. Hughes at Unity Bancorp?

The filing notes a total beneficial ownership of 305,337 shares for James A. Hughes, combining his common stock, restricted stock, and exercisable stock options.

Did the Unity Bancorp CEO sell any shares in this Form 4 transaction?

No sales are reported. The Form 4 shows an "M" code option exercise where 2,000 stock options were exercised and 2,000 shares of common stock were acquired, with ownership remaining direct.