DALLAS ROBERT H II 4

What Happened

• Robert H. Dallas II, a 10% owner of Unity Bancorp (UNTY), was granted 1,200 restricted shares on January 27, 2026. The Form 4 reports the acquisition price as $0.00 (aggregate $0) — this is an equity award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-27; reported on Form 4 filed 2026-01-28 (timely).
• Transaction type: Award/Grant (code A).
• Shares granted: 1,200 restricted shares at $0.00 per the filing.
• Vesting (Footnote F1): Vests over four years — 300 shares on 1/27/2027, 300 on 1/27/2028, 300 on 1/27/2029, and 300 on 1/27/2030; granted under the 2023 Equity Compensation Plan.
• Holdings reported in footnotes:
  • F2: 4,924 shares in a Computershare account (4,000 with upcoming vesting dates; 924 dividend-reinvested).
  • F3: 29,586 shares in Shareworks (dividends reinvested quarterly).
  • F4: 195,425 shares at Computershare and 1,580,310 in a brokerage account, totaling 1,775,735.
  • F5: 17,300 stock options granted on various dates; all currently exercisable.
• Total beneficial ownership after this grant (per Remarks): 1,827,545 shares.

Context

• Restricted share grants are typically part of compensation packages and vest over time; they do not represent an immediate cash purchase or sale. As a 10% owner, Dallas is a significant shareholder — this filing documents compensation-related equity rather than routine open-market trading. The filing appears timely (one day after the transaction).