Unity Bancorp director awarded 1,200 restricted shares

Unity Bancorp director Raj Patel received a grant of 1,200 shares of restricted stock on January 27, 2026 under the 2023 Equity Compensation Plan.

Rhea-AI Filing Summary

Unity Bancorp director Raj Patel received a grant of 1,200 shares of restricted stock on January 27, 2026 under the 2023 Equity Compensation Plan. These shares vest in four equal installments of 300 shares each year from January 27, 2027 through January 27, 2030.

After this grant, Patel holds 4,000 restricted shares and 55,322 common shares directly, spread across accounts at Charles Schwab, Morgan Stanley, and Shareworks. He also holds 8,200 stock options that are currently exercisable, bringing total reported beneficial ownership to 67,522 shares.

Insider Trade Summary

Grant/Award: 1,200 shares

Grant/Award 3 txns

Insider Patel Raj

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock	1,200	$0.00	$0.00
holding	Stock Option (Right to Buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock — 4,000 shares (Direct); Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 55,322 shares (Direct)

Footnotes (4)

1. F1. 1,200 restricted shares were granted on 1/27/2026 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 300 shares on 1/27/2027, 300 shares on 1/27/2028, 300 shares on 1/27/2029, and 300 shares on 1/27/2030.
2. F2. 4,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
3. F3. 55,322 shares consisting of 453 shares held in an account at Charles Schwab, 52,919 shares held in multiple accounts at Morgan Stanley, and 1,950 shares held at Shareworks.
4. F4. 8,200 stock options were granted under various dates and vesting periods of which all are currently exercisable.

FAQ

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

What insider transaction did Unity Bancorp (UNTY) report for Raj Patel?

Unity Bancorp reported that director Raj Patel received 1,200 restricted shares on January 27, 2026. The grant was made under the 2023 Equity Compensation Plan and increases his restricted stock holdings to 4,000 shares, all reported as directly owned.

How do Raj Patel’s new restricted shares in UNTY vest over time?

The 1,200 restricted Unity Bancorp shares granted to Raj Patel vest over four years. Vesting occurs in equal installments of 300 shares on January 27 of 2027, 2028, 2029, and 2030, subject to the plan’s standard terms and conditions.

How many Unity Bancorp common shares does Raj Patel beneficially own?

Raj Patel beneficially owns 55,322 Unity Bancorp common shares. These are held directly in multiple brokerage and plan accounts at Charles Schwab, Morgan Stanley, and Shareworks, according to the detailed breakdown provided in the Form 4 footnotes.

What stock options in Unity Bancorp does Raj Patel currently hold?

Raj Patel holds 8,200 Unity Bancorp stock options that were granted on various dates and vesting schedules. All of these options are currently exercisable, providing rights to acquire additional common shares under the company’s equity compensation arrangements.

What is Raj Patel’s total reported beneficial ownership in Unity Bancorp?

Raj Patel’s total reported beneficial ownership in Unity Bancorp is 67,522 shares. This total includes his common stock holdings, restricted stock awards, and currently exercisable stock options, as summarized in the remarks section of the Form 4 filing.

Was there any sale of Unity Bancorp shares in this Raj Patel Form 4?

The Form 4 for Raj Patel reports an award of 1,200 restricted shares and existing holdings but does not show any share sales. The reported transaction code is “A” for acquisition, reflecting the equity grant rather than a market disposition.

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

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Accepted by SEC EDGAR 01/28/2026 - 05:21 PM Learn about SEC filing 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

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^*

Patel Raj

(Last) (First) (Middle)

C/O UNITY BANK

64 OLD HIGHWAY 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

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
Restricted Stock	01/27/2026		A		1,200(1)	A	$0.00	4,000(2)	D
Common Stock								55,322(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
Stock Option (Right to Buy)	(4)							(4)	(4)	Common Stock	(4)		8,200(4)	D

Explanation of Responses:

1. 1,200 restricted shares were granted on 1/27/2026 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 300 shares on 1/27/2027, 300 shares on 1/27/2028, 300 shares on 1/27/2029, and 300 shares on 1/27/2030.

2. 4,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates.

3. 55,322 shares consisting of 453 shares held in an account at Charles Schwab, 52,919 shares held in multiple accounts at Morgan Stanley, and 1,950 shares held at Shareworks.

4. 8,200 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 67,522

	Raj Patel, POA Amanda Roche, FVP/Controller	01/28/2026
	** 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.