Unity Bancorp (UNTY) director sells shares after exercising options

Rhea-AI Filing Summary

Unity Bancorp Inc. director and ten percent owner Robert H. Dallas II reported a series of option exercises and related share sales. On March 12, 2026, he exercised stock options for a total of 17,300 shares of common stock at exercise prices ranging from $15.70 to $22.57 per share, then sold 7,088 shares of common stock in open-market trades at a weighted average price of $49.70 per share. On March 13, 2026, he sold an additional 7,725 shares at a weighted average price of $49.60 per share. A footnote states that the sale executed the following day after the exercises was made to cover anticipated tax liability. After these transactions, he holds 32,073 common shares directly, 4,924 restricted shares, and 1,775,735 common shares indirectly through Dallas Financial Holdings, LLC.

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^*

DALLAS ROBERT H II

(Last) (First) (Middle)

C/O UNITY BANCORP INC

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	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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	03/12/2026		M		500	A	$15.7	30,086	D
Common Stock	03/12/2026		M		152	A	$19.75	30,238	D
Common Stock	03/12/2026		M		3,048	A	$19.75	33,286	D
Common Stock	03/12/2026		M		3,000	A	$18.77	36,286	D
Common Stock	03/12/2026		M		6,600	A	$22.57	42,886	D
Common Stock	03/12/2026		M		4,000	A	$17.55	46,886	D
Common Stock	03/12/2026		S		7,088	D	$49.7(1)	39,798	D
Common Stock	03/13/2026		S(2)		7,725	D	$49.6(3)	32,073	D
Restricted Stock								4,924(4)	D
Common Stock								1,775,735(5)	I	Dallas Financial Holdings, LLC

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)	$15.7	03/12/2026		M			500	01/03/2018	01/03/2027	Common Stock	500	$0.00	16,800	D
Stock Options (Right to Buy)	$19.75	03/12/2026		M			152	01/02/2019	01/02/2028	Common Stock	152	$0.00	16,648	D
Stock Options (Right to Buy)	$19.75	03/12/2026		M			3,048	01/02/2019	01/02/2028	Common Stock	3,048	$0.00	13,600	D
Stock Options (Right to buy)	$18.77	03/12/2026		M			3,000	12/21/2019	12/21/2028	Common Stock	3,000	$0.00	10,600	D
Stock Option (Right to Buy)	$22.57	03/12/2026		M			6,600	01/02/2021	01/02/2030	Common Stock	6,600	$0.00	4,000	D
Stock Options (Right to buy)	$17.55	03/12/2026		M			4,000	01/04/2022	01/04/2031	Common Stock	4,000	$0.00	0.00	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $49.27 USD to $50.06 USD; the price reported above reflects the weighted average sale price.

2. This sale was executed the following day of the exercise to cover anticipated tax liability.

3. This transaction was executed in multiple trades at prices ranging from $49.46 USD to $50.03 USD; the price reported above reflects the weighted average sale price.

4. 4,000 shares are held in an account at Computershare which have upcoming vesting dates, 924 shares are dividend reinvested shares for a total of 4,924.

5. 195,425 shares are held in an account at Computershare and 1,580,310 shares are held in a brokerage account totaling 1,775,735.

Remarks:

Total Beneficial Ownership: 1,812,732

	Robert H. Dallas, II, POA Amanda Roche, FVP/Controller	03/16/2026
	** 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.

FAQ

What insider transactions did Robert H. Dallas II report for Unity Bancorp (UNTY)?

Robert H. Dallas II reported exercising stock options for 17,300 Unity Bancorp shares and selling 14,813 common shares in open-market trades. The sales occurred on March 12 and 13, 2026 at weighted average prices near $49.70 and $49.60 per share.

Were the recent Unity Bancorp (UNTY) insider sales related to tax obligations?

Yes. A filing footnote explains that one of the sales, executed the day after the option exercises, was made to cover anticipated tax liability. This indicates at least part of the selling was driven by tax needs rather than purely discretionary portfolio changes.

How many Unity Bancorp (UNTY) shares does Robert H. Dallas II hold after these trades?

After the reported transactions, Robert H. Dallas II holds 32,073 common shares directly and 4,924 restricted shares. He also has 1,775,735 common shares reported as indirectly owned through Dallas Financial Holdings, LLC, according to the Form 4 disclosure and its footnotes.

What option exercise prices were involved in the Unity Bancorp (UNTY) Form 4 filing?

The Form 4 shows multiple stock option exercises into Unity Bancorp common stock at strike prices of $15.70, $19.75, $18.77, $22.57, and $17.55 per share. In total, 17,300 options were exercised on March 12, 2026.

How significant are the Unity Bancorp (UNTY) insider sales compared with Dallas’s holdings?

The sales totaled 14,813 Unity Bancorp shares, while the filing shows remaining direct holdings of 32,073 common and 4,924 restricted shares, plus 1,775,735 shares held indirectly. This context suggests the reported sales represent a relatively small portion of his disclosed position.

What do the Form 4 footnotes reveal about Unity Bancorp (UNTY) trade pricing?

Footnotes state the reported sale prices are weighted averages of multiple trades. On one day, trades ranged from $49.27 to $50.06; on another, from $49.46 to $50.03. The single prices shown summarize these ranges for disclosure purposes.