UNTY CEO Ownership Rises to 305,337 Shares After Option Exercise

Rhea-AI Filing Summary

James A. Hughes, President/CEO and director of Unity Bancorp, Inc. (UNTY), reported insider transactions dated 10/06/2025. He acquired 1,500 common shares at $8.95 per share and also received 1,500 underlying shares from exercised stock options with an $8.95 exercise price that vest or were exercisable on 10/06/2025. After these transactions, Mr. Hughes beneficially owns a total of 305,337 shares, including 171,013 directly held common shares and 41,824 restricted shares that have upcoming vesting dates.

The reported holdings include shares across multiple accounts (Shareworks, Computershare, brokerage, and a 401(k)) and 92,500 exercisable stock options granted under various schedules. This filing documents routine insider purchases and option exercises by a named executive, increasing his direct stake in the company.

Positive

• Acquired 1,500 common shares at $8.95 on 10/06/2025
• Total beneficial ownership increased to 305,337 shares, indicating significant executive stake
• 92,500 stock options are exercisable, aligning incentives with shareholder returns

Negative

• None.

Insights

Corporate Governance Analyst

Insider added a modest number of shares and holds a substantial equity stake.

The acquisition of $8.95 priced shares and simultaneous recognition of exercised options increases the CEO's direct equity and preserves his long-term incentives. Holding 305,337 shares and 92,500 exercisable options aligns executive pay with shareholder outcomes.

Monitor option expiration and vesting schedules through 02/25/2026 and the stated upcoming restricted-share vesting dates to assess near-term dilution and the executive's continuing ownership trend over the next 6–12 months.

Insider Transactions Specialist

Transaction is small in size but increases reported beneficial ownership.

The M and V codes indicate an option exercise and acquisition; 1,500 shares were acquired at $8.95, and 1,500 underlying shares resulted from options. Holdings are spread across multiple custodians, including a 401(k) and dividend reinvestment.

Watch for additional disclosures of vesting events for the 41,824 restricted shares and any subsequent Form 4s that report exercises or sales in the coming quarters, which could affect ownership percentages and potential dilution.

Insider Trade Summary

1,500 shares exercised/converted

Mixed 3 txns

Insider HUGHES JAMES A

Role President/CEO

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to buy)	1,500	$0.00	--
Exercise	Common Stock	1,500	$8.95	$13K
holding	Restricted Stock	--	--	--

Holdings After Transaction: Stock Options (Right to buy) — 92,500 shares (Direct); Common Stock — 171,013 shares (Direct); Restricted Stock — 41,824 shares (Direct)

Footnotes (1)

1. 171,013 shares consisting of 144,449 shares held in 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 in 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 92,500 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)
	President/CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025

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	10/06/2025		M		1,500	A	$8.95	171,013(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	10/06/2025		M			1,500	(3)	02/25/2026	Common Stock	1,500	$0.00	92,500(4)	D

Explanation of Responses:

1. 171,013 shares consisting of 144,449 shares held in 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 in 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. 92,500 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, Finance Department Supervisor/VP	10/07/2025
	** 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 did UNITY BANCORP (UNTY) insider James A. Hughes report on 10/06/2025?

He reported acquiring 1,500 common shares at $8.95 and recognized 1,500 shares from exercised stock options on 10/06/2025.

How many total shares does the CEO own after the reported transactions (UNTY)?

After the transactions, the CEO beneficially owns 305,337 shares in total.

How many restricted shares and where are they held for UNTY reporting person?

41,824 restricted shares are reported: 41,000 held in Computershare with upcoming vesting dates and 824 dividend-reinvested shares.

Are there exercisable options reported in the Form 4 for UNTY?

Yes; the report states 92,500 stock options are currently exercisable under various grants.

Which accounts hold the CEO's reported common shares for UNTY?

Reported holdings include Shareworks (144,449), Computershare (6,085), a brokerage account (11,097), and a 401(k) plan (9,382).