Unity Bancorp (UNTY) CEO pairs option exercise with 1,500-share open-market sale

Rhea-AI Filing Summary

UNITY BANCORP INC /NJ/ CEO James A. Hughes exercised stock options and sold shares on February 18, 2026. He exercised 1,500 stock options (Stock Option – Right to Buy) and received 1,500 shares of common stock at an exercise price of $8.95 per share.

On the same day, he completed an open-market sale of 1,500 shares of common stock at $54.50 per share, leaving 173,013 common shares held directly, as detailed across several accounts. Following these transactions, he also holds 89,000 fully exercisable stock options and 41,824 restricted shares, which include dividend reinvestment shares and upcoming vesting dates.

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^*

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)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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
Common Stock	02/18/2026		M		1,500	A	$8.95	174,513	D
Common Stock	02/18/2026		S		1,500	D	$54.5	173,013(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 Option (Right to Buy)	$8.95	02/18/2026		M			1,500	(3)	02/25/2026	Common Stock	1,500	$0.00	89,000(4)	D

Explanation of Responses:

1. 173,013 shares consisting of 146,449 shares held in an 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 at 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. 89,000 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 303,837

	James A. Hughes, POA Amanda Roche, FVP/Controller	02/19/2026
	** 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.
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FAQ

What did UNTY CEO James A. Hughes do in this Form 4 filing?

James A. Hughes exercised 1,500 stock options and received 1,500 common shares, then sold 1,500 common shares in an open-market transaction. These moves adjusted his holdings but did not change his net share count from this specific exercise-and-sale sequence.

How many UNTY shares did James A. Hughes sell and at what price?

James A. Hughes sold 1,500 shares of Unity Bancorp common stock at $54.50 per share. This open-market sale followed an option exercise that delivered the same number of shares, effectively pairing an exercise with a matching share sale on the same date.

What is the size and price of the stock options exercised by UNTY’s CEO?

He exercised 1,500 stock options designated as “Stock Option (Right to Buy)” at an exercise price of $8.95 per share. The exercise converted these derivative securities into common stock, which was then partially or fully offset by the same-day share sale.

How many UNTY common shares does James A. Hughes hold after these transactions?

After the reported transactions, James A. Hughes directly holds 173,013 shares of Unity Bancorp common stock. Footnote detail explains these shares are spread across Shareworks, Computershare, a brokerage account, and a 401(k) plan, reflecting diversified custody rather than separate ownership interests.

What restricted stock and options does the UNTY CEO hold following this Form 4?

He holds 41,824 restricted shares, including 41,000 restricted shares with upcoming vesting dates and 824 dividend reinvestment shares. He also has 89,000 stock options granted on various dates, all of which are currently exercisable according to the disclosed footnote information.

Does this UNTY Form 4 show any change in the CEO’s option position?

Despite exercising 1,500 stock options, the filing indicates a total of 89,000 stock options are currently exercisable. A footnote explains that 89,000 stock options were granted under various dates and vesting periods, and all of them are now fully exercisable.