[Form 4] Unity Bancorp Insider Trading Activity

Rhea-AI Filing Summary

James R. Davies, Controller/SVP at Unity Bancorp (UNTY), reported insider transactions on Form 4 covering activity dated 08/16/2025. The filing shows 89 restricted shares were withheld at $48.44 per share to cover taxes on 250 restricted shares that vested. Post-transaction beneficial ownership totals 4,462 shares, comprised of 3,046 shares in a Computershare account (including 109 dividend-reinvested shares), 1,266 shares in Shareworks and 150 in a brokerage account. The reporting person filed the Form as an individual and signed via a POA on 08/18/2025.

Positive

• Transparent disclosure of the tax-withholding disposition and detailed breakouts of accounts (Computershare, Shareworks, brokerage).
• Total beneficial ownership disclosed as 4,462 shares, with account-level details and dividend-reinvested shares specified.

Negative

• Disposition of 89 shares at $48.44 reduces the insider's share count, although this was a tax-withholding action rather than an open-market sale.

Insights

Financial Analyst

TL;DR: Small tax-withholding sale following restricted stock vesting; overall insider holdings remain modest at 4,462 shares.

The transaction reflects a routine withholding of 89 restricted shares at $48.44 to satisfy tax obligations from vesting 250 restricted shares. This is an administrative disposition rather than a voluntary market sale and does not materially change the insider's ownership stake. Total reported beneficial ownership of 4,462 shares is disclosed with holdings spread across Computershare, Shareworks and a brokerage account, indicating standard custody arrangements for equity compensation.

Corporate Governance Expert

TL;DR: Disclosure is timely and standard; no governance red flags from the reported withholding and account arrangements.

The Form 4 clearly states the nature of the disposition (tax withholding on vested restricted stock) and provides account-level detail for remaining holdings. Filing as an individual and execution via POA are documented with a dated signature. There is no indication of unusual trading patterns or undisclosed relationships; the disclosure meets Section 16 requirements for this type of compensation-related transfer.

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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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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Controller/SVP

3. Date of Earliest Transaction (Month/Day/Year)
08/16/2025

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
Restricted Stock	08/16/2025		F		89(1)	D	$48.44	3,046(2)	D
Common Stock								1,416(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. 89 shares were withheld @ $48.44 per share to cover tax liability on 250 restricted shares vesting.

2. 2,937 shares are held in an account at Computershare, which have upcoming vesting dates. 109 shares are dividend reinvested shares for a total of 3,046.

3. 1,416 shares consisting of 1,266 sharers held in an account at Shareworks, and 150 shares held in a brokerage account.

Remarks:

Total Beneficial Ownership: 4,462

	James Davies, POA Amanda Roche, Finance Department Supervisor/VP	08/18/2025
	** 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.
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 did Unity Bancorp insider James R. Davies report on Form 4 (UNTY)?

The Form 4 reports that 89 restricted shares were withheld at $48.44 per share to cover taxes on 250 vested restricted shares; total beneficial ownership is 4,462 shares.

When was the transaction and filing dated on the Form 4 for UNTY?

The transaction date is 08/16/2025 and the Form 4 was signed/executed via POA on 08/18/2025.

How are Davies' shares held according to the Form 4?

Holdings include 2,937 shares in Computershare (including 109 dividend-reinvested shares), 1,266 shares in Shareworks, and 150 shares in a brokerage account.

Was the share withholding a market sale or a tax-related action?

The filing states the 89 shares were withheld to cover tax liability on vested restricted stock, indicating an administrative withholding rather than an open-market sale.

Does the Form 4 indicate any change in reporting status or relationships?

The filer is listed as Controller/SVP and filed as an individual reporting person; no change in reporting status is indicated.