Unity Bancorp director sells 1,600 shares after option exercise
UNITY BANCORP INC /NJ/ director Mark S. Brody reported an option exercise and related share sale.
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Form Type
4
Rhea-AI Filing Summary
UNITY BANCORP INC /NJ/ director Mark S. Brody reported an option exercise and related share sale. On May 27, 2026, he exercised stock options for 1,600 shares of Common Stock at $15.70 per share, then sold 1,600 shares in open-market transactions at a weighted average price of $55.235, with individual trades between $55.22 and $55.25. After these transactions, he reports beneficial ownership of 113,854 shares of Common Stock, including 40,160 held jointly with his spouse, plus 4,000 restricted shares held at Computershare with upcoming vesting dates. The filing also notes an option position for 16,800 shares expiring on January 3, 2027.
Insider Trade Summary
Exercise and Sale: 1,600 shares ($63K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
BRODY MARK S
Role
Director
Sold
1,600 shs ($88K)
Approx. gross sale proceeds
$88K
Approx. exercise cost
$25K
Approx. pre-tax spread
$63K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 1,600 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,600 | $15.70 | $25K |
| Sale | Common Stock | 1,600 | $55.235 | $88K |
| holding | Common Stock | -- | -- | -- |
| holding | Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 16,800 contracts (Direct);
Common Stock — 113,854 shares (Direct);
Common Stock — 145,490 shares (Indirect, Financial Planning Analyst Dispositive Shares);
Restricted Stock — 4,000 shares (Direct)
Footnotes (5)
- F1. This transaction was executed in multiple trades at prices ranging from $55.22 USD to $55.25 USD; the price reported above reflects the weighted average sale price.
- F2. A total of 113,854 shares are beneficially owned by Dr. Mark Brody; 40,160 are held jointly with his spouse.
- F3. Shares held in a master account of Financial Planning Analyst over which Dr. Mark Brody has no voting authority, but has dispositive power.
- F4. 4,000 shares are held in an account at Computershare which has upcoming vesting dates.
- F5. Vests 534 share(s) on 03-Jan-2018, 533 share(s) on 03-Jan-2019, 533 share(s) on 03-Jan-2020
Key Figures
Shares sold: 1,600 shares
Weighted average sale price: $55.235 per share
Option exercise price: $15.70 per share
+4 more
7 metrics
Shares sold
1,600 shares
Common Stock sold on May 27, 2026 in open market
Weighted average sale price
$55.235 per share
Open-market sale, trades between $55.22 and $55.25
Option exercise price
$15.70 per share
Stock option exercise for 1,600 shares on May 27, 2026
Shares beneficially owned
113,854 shares
Common Stock beneficially owned after transactions; 40,160 jointly with spouse
Restricted stock holding
4,000 shares
Restricted shares at Computershare with upcoming vesting dates
Option position remaining
16,800 shares
Stock option (right to buy) expiring January 3, 2027
Exercise trades range
$55.22–$55.25
Price range of multiple sale trades on May 27, 2026
Key Terms
weighted average sale price, beneficially owned, dispositive power, Restricted Stock, +2 more
6 terms
weighted average sale price financial
"the price reported above reflects the weighted average sale price"
beneficially owned financial
"A total of 113,854 shares are beneficially owned by Dr. Mark Brody"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
dispositive power financial
"has no voting authority, but has dispositive power"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Restricted Stock financial
"security_title: "Restricted Stock""
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.
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
vesting financial
"4,000 shares are held in an account at Computershare which has upcoming vesting dates"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did UNTY director Mark S. Brody report?
Mark S. Brody reported exercising options for 1,600 UNITY BANCORP (UNTY) shares at $15.70 and selling 1,600 Common Stock shares. The sale occurred at a weighted average price of $55.235 across trades between $55.22 and $55.25 on May 27, 2026.
What stock options did Mark S. Brody exercise in this UNTY Form 4 filing?
Brody exercised stock options covering 1,600 shares of UNITY BANCORP Common Stock. The options carried an exercise price of $15.70 per share and relate to an option grant that, after the transaction, still covers 16,800 shares expiring on January 3, 2027.
What restricted UNITY BANCORP stock holdings did Mark S. Brody disclose?
He disclosed 4,000 restricted UNITY BANCORP shares held in a Computershare account. The filing notes these shares have upcoming vesting dates, with prior vesting tranches of 534 and 533 shares on January 3 in 2018, 2019, and 2020, respectively.
How are Mark S. Brody’s indirect UNITY BANCORP holdings structured?
Some UNITY BANCORP Common Stock is held in a master account of Financial Planning Analyst. The footnote states Brody has no voting authority over these shares but does have dispositive power, clarifying the nature of his indirect beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
