Unity Bancorp (UNTY) president awarded 10,250 restricted shares and settles tax with 859 shares

Rhea-AI Filing Summary

Unity Bancorp President George Boyan reported routine equity compensation activity. He received 10,250 restricted shares on 3/10/2026 under the 2023 Equity Compensation Plan, scheduled to vest in four annual installments from 3/10/2027 through 3/10/2030.

On 3/11/2026, 859 shares were withheld at $50.40 per share to cover taxes on a 2,375-share restricted stock vesting. After these entries, he directly holds 33,560 restricted shares and 28,461 common shares.

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

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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).

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^*

Boyan George

(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
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		A		10,250(1)	A	$0.00	35,935(2)	D
Restricted Stock	03/11/2026		F		859(3)	D	$50.4	33,560(4)	D
Common Stock								28,461(5)	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. 10,250 restricted shares were granted on 3/10/2026 from the 2023 Equity Compensation Plan and vest over 4 years; vesting commences with 2,563 shares on 3/10/2027, 2,562 shares on 3/10/2028, 2,563 shares on 3/10/2029, and 2,562 shares on 3/10/2030.

2. 34,250 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 1,685 shares are dividend reinvested shares for a total of 35,935.

3. 859 shares were withheld @ $50.40 per share to cover tax liability on a 2,375 restricted stock vesting.

4. 31,875 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 1,685 shares are dividend reinvested shares for a total of 33,560.

5. 28,461 shares consisting of 27,461 shares held in an account at Shareworks and 1,000 shares held in street name.

Remarks:

Total Beneficial Ownership: 62,022

	George Boyan, POA Amanda Roche, FVP/Controller	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Unity Bancorp (UNTY) President George Boyan report?

George Boyan reported a grant of 10,250 restricted shares and a separate withholding of 859 shares for taxes. These entries reflect equity compensation activity and tax settlement, rather than open-market buying or selling of Unity Bancorp common stock.

How many restricted Unity Bancorp (UNTY) shares were granted to George Boyan and how do they vest?

Boyan was granted 10,250 restricted shares on March 10, 2026. They vest over four years: 2,563 shares on March 10, 2027, 2,562 on March 10, 2028, 2,563 on March 10, 2029, and 2,562 on March 10, 2030, under the 2023 Equity Compensation Plan.

Why were 859 Unity Bancorp (UNTY) shares withheld in George Boyan’s Form 4 filing?

The 859 shares were withheld at $50.40 per share to cover tax liability on a 2,375-share restricted stock vesting. This is a tax-withholding disposition, not an open-market sale, and is common for settling taxes on stock-based compensation.

How many Unity Bancorp (UNTY) restricted shares does George Boyan hold after these transactions?

After the reported grant and tax-withholding disposition, Boyan holds 33,560 restricted shares. Footnotes indicate these include 31,875 restricted shares plus 1,685 dividend reinvested shares, all in an account at Computershare with upcoming vesting dates.

What is George Boyan’s reported Unity Bancorp (UNTY) common stock holding?

The filing shows 28,461 common shares held directly. Footnotes explain this consists of 27,461 shares in an account at Shareworks and 1,000 shares held in street name, reflecting his direct ownership of Unity Bancorp common stock.

Does George Boyan’s Unity Bancorp (UNTY) Form 4 show any open-market stock purchases or sales?

The Form 4 does not report any open-market purchases or sales. It shows a grant of restricted stock and a tax-withholding disposition, both related to equity compensation and vesting mechanics rather than discretionary buying or selling in the market.