Form 4: Unity Bancorp Officer Sells Shares for Tax Liability

Unity Bancorp's Chief Retail Officer, Daniel C Sharabba, disposed of 212 restricted shares to cover tax obligations related to vesting stock.

Summary

• Daniel C Sharabba, Chief Retail Officer/SVP of Unity Bancorp Inc. (UNTY), reported a transaction on January 2, 2026.
• 212 shares of restricted stock were disposed of at a price of $51.08 per share.
• This disposition was made to cover tax liability associated with the vesting of 500 restricted stock units.
• Following the transaction, Sharabba beneficially owns 3,323 restricted shares, which include 3,250 restricted shares with upcoming vesting dates and 73 dividend reinvested shares.
• Additionally, Sharabba holds 870 shares of common stock in a Shareworks account.
• Total beneficial ownership for Daniel C Sharabba after this transaction is 4,193 shares.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine insider transaction for tax purposes, not indicative of positive or negative company performance or management sentiment towards the stock beyond fulfilling tax obligations.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine tax-related disposition by an officer, not a discretionary sale indicating lack of confidence.

Key Dates

Keywords

Unity Bancorp, UNTY, Form 4, Insider Transaction, Restricted Stock, Stock Vesting, Tax Liability, Daniel C Sharabba, Chief Retail Officer