HUGHES JAMES A 4

What Happened James A. Hughes, CEO and director of Unity Bancorp (UNTY), had 1,819 shares withheld on 2026-03-15 and another 1,819 shares withheld on 2026-03-16 to cover tax liabilities arising from restricted stock vesting. Each withholding was at $50.01 per share, about $90,968 per event and ~$181,936 total. These transactions are tax-withholding (code F), not open-market sales.

Key Details

• Transaction dates and prices: 3/15/2026 — 1,819 shares @ $50.01; 3/16/2026 — 1,819 shares @ $50.01.
• Total withheld: 3,638 shares; total value ≈ $181,936.
• Shares owned after transaction (total beneficial ownership): 311,965.
• Footnotes: Withholdings covered tax on 4,500 restricted shares vesting on each date (F1). Hughes holds 39,824 restricted shares (39,000 + 824 DRIP) at Computershare (F2), 183,141 shares across Shareworks/Computershare/street/401(k) (F3), and 89,000 stock options currently available (F4).
• Filing: Form 4 filed 2026-03-17 for transactions on 3/15 and 3/16; filing appears timely (within typical 2-business-day window).

Context This was a routine tax-withholding related to RSU vesting (a cashless withholding), not an open-market sale or purchase. Such withholdings reduce the insider’s issued shares to meet tax obligations and do not necessarily signal a change in sentiment. The filing also notes substantial remaining restricted shares and exercisable options, which may lead to future vesting or transactions.