Institutional holder reports 3.7% Unity Bancorp (UNTY) ownership in 13G/A
Rhea-AI Filing Summary
Unity Bancorp, Inc. common stock ownership was reported in an amended Schedule 13G by The Banc Funds Company, L.L.C. d/b/a 1st and Main Growth Partners, together with affiliated funds. The filing shows beneficial ownership of 375,469 shares of common stock, representing 3.7% of the class.
The reporting person has sole power to vote and dispose of these 375,469 shares, with no shared voting or dispositive power. Several affiliated entities report zero beneficial ownership. The filer certifies the shares were not acquired or held to change or influence control of Unity Bancorp.
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FAQ
What does the Schedule 13G/A filing for UNTY disclose about ownership?
The Schedule 13G/A shows a holder reporting 375,469 Unity Bancorp shares, or 3.7% of the common stock. It reflects current beneficial ownership and confirms the position is not intended to change or influence control of the company.
Who is the reporting person in the Unity Bancorp (UNTY) Schedule 13G/A?
The reporting person is The Banc Funds Company, L.L.C., doing business as 1st and Main Growth Partners. It files jointly with affiliated limited partnerships that together hold Unity Bancorp common stock, with The Banc Funds Company exercising voting and dispositive power over the reported shares.
Does the UNTY Schedule 13G/A indicate an attempt to influence control of the company?
No. The filing explicitly certifies the securities were not acquired and are not held for the purpose or effect of changing or influencing control of Unity Bancorp, other than activities solely in connection with a nomination under the applicable proxy rule.
Which Unity Bancorp (UNTY) funds are included in the group in this 13G/A?
The group includes Banc Fund IX L.P., Banc Fund X L.P., and TBFC Financial Technologies Fund L.P., along with their MidBan general partners. The Banc Funds Company, L.L.C. is the general partner of these MidBan entities and ultimately exercises voting and dispositive authority.