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

Corporate Governance Expert

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.

Securities Analyst

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.

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
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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).

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)
	President/CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

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	09/26/2025		M		1,000	A	$8.95	169,513(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	09/26/2025		M			1,000	(3)	02/25/2026	Common Stock	1,000	$0.00	94,000(4)	D

Explanation of Responses:

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.

2. 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.

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. 94,000 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 305,337

	James A. Hughes, POA Amanda Roche, Finance Department Supervisor/VP	09/26/2025
	** 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 transaction did James A. Hughes report on Form 4 for UNTY?

He reported a purchase of 1,000 common shares on 09/26/2025 at a price of $8.95.

How many total shares does the reporting person beneficially own after the transaction?

The filing reports a total beneficial ownership of 305,337 shares following the transaction.

How many stock options are exercisable for James A. Hughes according to the filing?

The Form 4 states 94,000 stock options are currently exercisable.

What restricted stock holdings and vesting details are disclosed?

The filing reports 41,824 restricted shares (41,000 at Computershare with upcoming vesting and 824 dividend reinvested shares) and lists prior vesting of specific option tranches from 2017–2019.

Where are the reporting person's shares held?

Breakdown: 142,949 shares in Shareworks, 6,085 at Computershare, 11,097 in a brokerage account, and 9,382 in a 401(k) plan.