Unity Bancorp: director Peter Maricondo exercised 3,200 shares

What happened

• The filing reports that Peter E. Maricondo, director, executed transactions on Oct 20, 2026: he exercised 1,600 shares at $15.70 for $25,120 and exercised/converted 1,600 shares reported as disposed at $0. He also sold 470 shares in an open-market transaction at a weighted average price of $56.25 for $26,436.

Key details

• Transaction date: Oct 20, 2026. Sale price range: $56.17 to $56.28; weighted average sale price $56.25.
• Shares acquired by exercise: 1,600 at $15.70 for $25,120. Derivative conversion/disposition: 1,600 at $0 (reported as disposed). Shares sold: 470 at $56.25 for $26,436.
• Shares owned after the transactions (total beneficial ownership): 66,743.
• Footnotes: F1 reports the sale executed in multiple trades at prices from $56.17 to $56.28; F2 notes 49,943 shares held across Shareworks, a brokerage account, and Computershare with upcoming vesting; F3 lists vesting of 534, 533, and 533 shares on Jan 3, 2018/2019/2020; F4 states 16,800 stock options were granted under various dates and all are currently exercisable.
• Filing date: Oct 22, 2026 for Oct 20, 2026 transactions; the filing does not indicate a late report.

Why it may matter

• The filing shows options were exercised and some shares were sold in the market; another set of exercised shares is reported as disposed at $0 (derivative conversion).
• A filing does not show why the insider traded or why the company acted.