Unity Bancorp officer settles taxes with shares

Accepted by SEC EDGAR 06/15/2026 - 04:24 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Unity Bancorp executive Daniel C. Sharabba reported routine share updates related to restricted stock vesting. On the vesting of 250 restricted shares, 90 shares of Unity Bancorp common stock were withheld at $55.45 per share to cover tax liabilities, a non-market tax-withholding disposition rather than an open-market sale. After these transactions, he holds 4,651 restricted shares, including 89 dividend reinvested shares, and 1,286 common shares, all directly owned.

Insider Trade Summary

Exercise Price or Tax Liability: 90 shares

Exercise Price or Tax Liability 1 txn

Insider Sharabba Daniel C

Role Chief Retail Officer/SVP

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Restricted Stock	90	$55.45	$5K
Holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock — 4,651 shares (Direct); Common Stock — 1,286 shares (Direct)

Footnotes (3)

1. F1. 90 shares were withheld @ $55.45 per share to cover tax liability on 250 restricted stock vesting.
2. F2. 4,562 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 89 shares are dividend reinvested shares for a total of 4,651.
3. F3. 1,286 shares held in an account at Shareworks.

Key Figures

Shares withheld for taxes: 90 shares Tax withholding price: $55.45 per share Restricted shares vested: 250 shares +3 more

6 metrics

Shares withheld for taxes 90 shares Withheld to cover tax liability on restricted stock vesting

Tax withholding price $55.45 per share Price for 90 shares withheld for tax liability

Restricted shares vested 250 shares Restricted stock vesting referenced in tax-withholding footnote

Restricted shares after transaction 4,651 shares Restricted Unity Bancorp shares held after withholding event

Dividend reinvested restricted shares 89 shares Portion of restricted holdings from dividend reinvestment

Common shares held 1,286 shares Unity Bancorp common stock in Shareworks account

Key Terms

Restricted Stock, tax liability, dividend reinvested shares, tax-withholding disposition

4 terms

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.

tax liability financial

"to cover tax liability on 250 restricted stock vesting"

dividend reinvested shares financial

"89 shares are dividend reinvested shares for a total of 4,651"

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Unity Bancorp (UNTY) officer Daniel Sharabba report on this Form 4?

Daniel C. Sharabba reported routine updates tied to restricted stock vesting. The filing shows tax-related share withholding and his resulting direct holdings in Unity Bancorp common and restricted stock, without any open-market buying or selling activity.

How many Unity Bancorp (UNTY) shares were withheld for taxes in this filing?

The filing shows 90 Unity Bancorp shares withheld at $55.45 each to cover tax liabilities. This occurred in connection with the vesting of 250 restricted shares, reflecting a standard equity compensation tax-settlement mechanism rather than a discretionary market sale.

How many restricted Unity Bancorp (UNTY) shares does Daniel Sharabba now hold?

After the reported transactions, Daniel C. Sharabba holds 4,651 restricted Unity Bancorp shares. Footnotes state 4,562 are restricted shares with upcoming vesting dates and 89 are dividend reinvested shares, all maintained in an account at Computershare.

How many Unity Bancorp (UNTY) common shares does Daniel Sharabba hold directly?

The Form 4 indicates Daniel C. Sharabba holds 1,286 Unity Bancorp common shares. A footnote explains these shares are held in an account at Shareworks, representing his direct common stock position following the reported tax-withholding event.

Did this Unity Bancorp (UNTY) Form 4 show any open-market stock sales or purchases?

The Form 4 does not show any open-market purchases or sales. The only share change is 90 shares withheld to pay taxes on restricted stock vesting, categorized as a tax-withholding disposition, which is a routine administrative transaction rather than a trading decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Sharabba Daniel C

(Last) (First) (Middle)

C/O UNITY BANK

64 OLD HIGHWAY 22

(Street)

CLINTON NEW JERSEY 08809

(City) (State) (Zip)

UNITED STATES

(Country)

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 Retail Officer/SVP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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

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

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

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	06/12/2026		F		90(1)	D	$55.45	4,651(2)	D
Common Stock								1,286(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. 90 shares were withheld @ $55.45 per share to cover tax liability on 250 restricted stock vesting.

2. 4,562 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 89 shares are dividend reinvested shares for a total of 4,651.

3. 1,286 shares held in an account at Shareworks.

Remarks:

Total Beneficial Ownership: 5,937

	Daniel Sharabba, POA Amanda Roche, FVP/Controller	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)