UNTY Form 4: James Hughes reports 1,000-share purchase; 94,000 options exercisable
Rhea-AI Filing Summary
James A. Hughes, President/CEO and director of Unity Bancorp Inc. (UNTY), reported transactions on Form 4 dated 09/26/2025 showing a purchase of 1,000 common shares at $8.95. Following the transaction he beneficially owns 169,513 common shares directly and 41,824 restricted shares, and holds 94,000 exercisable stock options, for a reported total beneficial ownership of 305,337 shares. The filing breaks down share locations: 142,949 in Shareworks, 6,085 at Computershare, 11,097 in a brokerage account, and 9,382 in a 401(k). It notes 41,000 restricted shares at Computershare with upcoming vesting dates and details past option vesting dates and exercisable options.
Positive
- Reporting person increased ownership by acquiring 1,000 common shares at $8.95, raising total beneficial ownership to 305,337 shares.
- High transparency with a detailed breakdown of share holdings across Shareworks, Computershare, brokerage, and 401(k) accounts and notes on restricted share vesting and exercisable options.
Negative
- None.
Insights
TL;DR: Insider increased stake slightly through a 1,000-share acquisition; sizeable option and restricted share holdings remain material to alignment.
The filing shows the CEO/director acquired 1,000 shares at $8.95, modestly increasing his reported stake. More meaningful are the long-term equity holdings: 94,000 exercisable options and 41,824 restricted shares with upcoming vesting, which represent ongoing economic alignment with shareholders. The detailed breakdown of account types increases transparency. No departures, grants beyond disclosure, or protocol issues are reported.
TL;DR: Transaction is routine insider activity; the aggregated 305,337-share stake and exercisable options are the primary data points for ownership analysis.
The disclosed 1,000-share acquisition at $8.95 is small relative to the total 305,337 shares beneficially owned, suggesting routine purchase or option exercise behavior. The statement that 94,000 options are exercisable is relevant for potential future dilution analysis. The filing provides specific share allocations across custody platforms, aiding precision in ownership records. No market-moving amounts are reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 1,000 | $0.00 | -- |
| Exercise | Common Stock | 1,000 | $8.95 | $9K |
| holding | Restricted Stock | -- | -- | -- |
Footnotes (1)
- 169,513 shares consisting of 142,949 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 at Computershare, which have upcoming vesting dates. 824 share 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 94,000 stock options were granted under various dates and vesting periods of which all are currently exercisable.
