Unity Bancorp (UNTY) president has 2,080 shares withheld to cover taxes

Rhea-AI Filing Summary

Unity Bancorp President and director George Boyan reported routine equity compensation-related transactions. On March 15 and 16, a total of 2,080 Restricted Stock shares were withheld at $50.01 per share to cover tax liabilities on vested awards of 2,750 and 3,000 shares. Following these withholdings, Boyan directly holds 27,810 restricted shares and 32,131 common shares, reflecting ongoing equity ownership rather than open-market trading.

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

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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^*

Boyan George

(Last) (First) (Middle)

C/O UNITY BANK

64 OLD HIGHWAY 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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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
Restricted Stock	03/15/2026		F		995(1)	D	$50.01	30,810	D
Restricted Stock	03/16/2026		F		1,085(2)	D	$50.01	27,810(3)	D
Common Stock								32,131(4)	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

Explanation of Responses:

1. 995 shares were withheld @ $50.01 per share to cover tax liability on a 2,750 restricted stock vesting.

2. 1,085 shares were withheld @ $50.01 per share to cover tax liability on a 3,000 restricted stock vesting.

3. 26,125 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 1,685 shares are dividend reinvested shares for a total of 27,810.

4. 32,131 shares consisting of 31,131 shares held in an account at Shareworks and 1,000 shares held in street name.

Remarks:

Total Beneficial Ownership: 59,942

	George Boyan, POA Amanda Roche, FVP/Controller	03/17/2026
	** 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).
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FAQ

What insider transactions did Unity Bancorp (UNTY) report for George Boyan?

Unity Bancorp President George Boyan reported tax-related share withholdings. A total of 2,080 Restricted Stock shares were withheld at $50.01 per share to satisfy tax liabilities from vested awards, rather than representing open-market purchases or sales of company stock.

Were the Unity Bancorp (UNTY) Form 4 transactions open-market buys or sells?

The reported Form 4 transactions were not open-market trades. They are code F events, where 2,080 Restricted Stock shares were withheld at $50.01 per share solely to cover tax liabilities arising from restricted stock vesting, a common administrative equity compensation step.

How many Unity Bancorp (UNTY) shares does George Boyan hold after these Form 4 entries?

After these tax-withholding events, George Boyan directly holds 27,810 restricted shares and 32,131 common shares. The common shares consist of 31,131 shares at Shareworks and 1,000 shares held in street name, showing a continuing significant equity position in Unity Bancorp.

What triggered the tax-withholding share dispositions for Unity Bancorp (UNTY) President George Boyan?

The withholdings were triggered by vesting of restricted stock awards. Footnotes state 995 shares and 1,085 shares were withheld at $50.01 per share to cover tax liabilities on vestings of 2,750 and 3,000 restricted shares, respectively, as part of Boyan’s equity compensation.

Does the Unity Bancorp (UNTY) Form 4 indicate any remaining unvested restricted stock for George Boyan?

Yes. A footnote notes 26,125 restricted shares held at Computershare have upcoming vesting dates and, together with 1,685 dividend reinvested shares, total 27,810 restricted shares. This indicates an ongoing pipeline of equity compensation still scheduled to vest over time.

How many Unity Bancorp (UNTY) shares were withheld for taxes and at what price?

In total, 2,080 Restricted Stock shares were withheld to cover tax obligations, with 995 shares and 1,085 shares each withheld at a price of $50.01 per share. These code F transactions settle tax liabilities tied to restricted stock vesting events.