Unity Bancorp CFO withholds 91 shares for taxes at $61.82

UNITY BANCORP INC (UNTY) reports that Chief Financial Officer James R. Davies had 91 restricted shares withheld on August 16, 2026 at $61.82 per share to cover tax liability on the vesting of 250 restricted shares.

Rhea-AI Filing Summary

UNITY BANCORP INC (UNTY) reports that Chief Financial Officer James R. Davies had 91 restricted shares withheld on August 16, 2026 at $61.82 per share to cover tax liability on the vesting of 250 restricted shares. After this tax-withholding disposition, he directly holds 3,963 restricted shares (including 151 dividend reinvested shares) and 2,116 shares of common stock, for total beneficial ownership of 6,079 shares.

Insider Trade Summary

Tax Withholding: 91 shares

Tax Withholding 2 txns

Insider Davies James R

Role Chief Financial Officer/FSVP

Type	Security	Shares	Price	Value
Tax Withholding	Restricted Stock F1, F2	91	$61.82	$6K
holding	Common Stock F3	--	--	--

Holdings After Transaction: Restricted Stock — 3,963 shares (Direct); Common Stock — 2,116 shares (Direct)

Footnotes (3)

1. F1. 91 shares were withheld @ $61.82 per share to cover tax liability on 250 restricted shares vesting.
2. F2. 3,812 shares are held in Computershare which have upcoming vesting dates. 151 shares are dividend reinvested shares for a total of 3,963.
3. F3. 2,116 shares consisting of 1,966 sharers held in an account at Shareworks, and 150 shares held in a brokerage account.

Key Figures

Shares withheld for taxes: 91 shares Withholding price per share: $61.82 per share Restricted shares vesting: 250 shares +5 more

8 metrics

Shares withheld for taxes 91 shares Restricted shares withheld on August 16, 2026 to cover tax liability

Withholding price per share $61.82 per share Value applied to the 91 withheld restricted shares

Restricted shares vesting 250 shares Restricted shares vesting that triggered the tax liability

Restricted shares after transaction 3,963 shares Restricted stock holdings following the August 16, 2026 transaction

Common shares held directly 2,116 shares Direct common stock holdings after the reported transactions

Total beneficial ownership 6,079 shares Total beneficial ownership reported in the remarks section

Dividend reinvested shares 151 shares Portion of restricted holdings identified as dividend reinvested shares

Computershare restricted holdings 3,812 shares Restricted shares held in Computershare with upcoming vesting dates

Key Terms

Restricted Stock, tax liability, dividend reinvested shares, beneficial ownership

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 shares vesting"

dividend reinvested shares financial

"151 shares are dividend reinvested shares for a total of 3,963"

beneficial ownership financial

"Remarks: Total Beneficial Ownership: 6,079"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

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

What insider transaction did UNTY CFO James R. Davies report?

James R. Davies reported a withholding of 91 restricted shares on August 16, 2026 to cover tax liability related to vesting of 250 restricted shares, rather than an open-market purchase or sale.

At what price were the withheld UNTY restricted shares valued?

The 91 withheld restricted shares were valued at $61.82 per share. This value was used to cover the insider’s tax liability arising from the vesting of 250 restricted shares on August 16, 2026.

How many UNTY restricted shares does the CFO hold after this transaction?

After the tax-withholding transaction, the CFO holds 3,963 restricted shares. This includes 3,812 shares held at Computershare with upcoming vesting dates and 151 dividend reinvested shares, as disclosed in the filing footnotes.

What is James R. Davies’ total beneficial ownership of UNTY shares?

Total beneficial ownership is disclosed as 6,079 shares. This consists of 3,963 restricted shares and 2,116 common shares held directly, combining vested, unvested, and dividend reinvested positions.

How many UNTY common shares does the CFO directly own?

The CFO directly owns 2,116 shares of common stock. These consist of 1,966 shares held in an account at Shareworks and 150 shares held in a brokerage account, as detailed in a transaction footnote.

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

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Available on EDGAR 08/18/2026 - 04:26 PM Accepted by SEC EDGAR 08/18/2026 - 04:26 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^*

Davies James R

(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 Financial Officer/FSVP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/16/2026

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	08/16/2026		F		91(1)	D	$61.82	3,963(2)	D
Common Stock								2,116(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. 91 shares were withheld @ $61.82 per share to cover tax liability on 250 restricted shares vesting.

2. 3,812 shares are held in Computershare which have upcoming vesting dates. 151 shares are dividend reinvested shares for a total of 3,963.

3. 2,116 shares consisting of 1,966 sharers held in an account at Shareworks, and 150 shares held in a brokerage account.

Remarks:

Total Beneficial Ownership: 6,079

	James Davies, POA Amanda Roche, FVP/Controller	08/17/2026
	** 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)