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Unity Bancorp (UNTY) officer details tax withholding and holdings shares

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Unity Bancorp Inc. officer Kim Minsu, the Chief Credit Officer/SVP, reported a routine equity transaction involving company stock. On January 2, 2026, 212 shares of restricted stock were withheld at $51.08 per share to cover tax obligations on the vesting of 500 restricted shares, rather than being sold in the open market. Following this event, the filing shows 3,151 shares held in a Computershare account, including unvested awards and dividend reinvestment shares, and 1,541 shares held in a Shareworks account. The remarks section cites a total beneficial ownership of 4,693 shares, reflecting the officer’s aggregate direct holdings in Unity Bancorp stock after the reported activity.

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Insider Kim Minsu
Role Chief Credit Officer/SVP
Type Security Shares Price Value
Tax Withholding Restricted Stock 212 $51.08 $11K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock — 3,151 shares (Direct); Common Stock — 1,541 shares (Direct)
Footnotes (1)
  1. 212 shares were withheld @ $51.08 per share to cover tax liability on 500 restricted stock vesting. 3,037 shares are held in an account at Computershare, which have upcoming vesting dates. 114 shares are dividend reinvested shares for a total of 3,151. 1,541 shares are held in account at Shareworks.
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*
Kim Minsu
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Credit Officer/SVP
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
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 01/02/2026 F 212(1) D $51.08 3,151(2) D
Common Stock 1,541(3) 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. 212 shares were withheld @ $51.08 per share to cover tax liability on 500 restricted stock vesting.
2. 3,037 shares are held in an account at Computershare, which have upcoming vesting dates. 114 shares are dividend reinvested shares for a total of 3,151.
3. 1,541 shares are held in account at Shareworks.
Remarks:
Total Beneficial Ownership: 4,693
Minsu Kim, POA Amanda Roche, Finance Department Supervisor/VP 01/02/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did UNTY officer Kim Minsu report?

Kim Minsu, Chief Credit Officer/SVP of Unity Bancorp Inc. (UNTY), reported that 212 restricted shares were withheld on January 2, 2026 to cover taxes due on the vesting of 500 restricted stock units.

Was the Unity Bancorp (UNTY) Form 4 transaction an open market sale?

No. The Form 4 states that 212 shares were withheld at $51.08 per share to satisfy tax liabilities on restricted stock vesting, which differs from a discretionary open market sale.

How many Unity Bancorp (UNTY) shares does Kim Minsu beneficially own after this filing?

The remarks section shows total beneficial ownership of 4,693 shares, combining 3,151 shares in a Computershare account and 1,541 shares in a Shareworks account.

What are the details of the restricted stock in the UNTY Form 4?

The filing notes that 500 restricted shares vested, and 212 of those shares were withheld at $51.08 per share to cover associated tax obligations.

Where are Unity Bancorp (UNTY) shares held for Kim Minsu?

The Form 4 explains that 3,151 shares are held in a Computershare account, including upcoming vesting and dividend reinvestment shares, and 1,541 shares are held in a Shareworks account.

What does transaction code F mean in the UNTY insider filing?

In this Form 4, transaction code F indicates shares were withheld by the issuer to pay tax on a stock award vesting, rather than being a voluntary market trade.