UNITY BANCORP INC /NJ/ 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities: (a) Market Information The Company’s Common Stock is quoted on the NASDAQ Global Market under the symbol “UNTY.” The Company declared cash dividends of $0.14 per share for the first and second quarters of 2025, and subsequently increased the 26 Table of Contents dividend to $0.15 per share for the third and fourth quarters of the year. The declaration and payment of future dividends to holders of the Company’s common stock is at the discretion of our Board and depends upon many factors, including our financial condition, earnings, capital requirements, legal requirements, regulatory constraints and other factors that our Board deems relevant. As of December 31, 2025, approximately 281 holders of record held shares of our common stock. ​ (b) Repurchase Plan On August 1, 2024 the Board authorized a repurchase plan permitting the repurchase of up to 500 thousand shares, or approximately 5.0% of the Company’s outstanding common stock, in addition to the previously approved repurchase plan authorizing the repurchase of up to 500 thousand shares of common stock. A total of 116 thousand shares were repurchased at an average price of $43.21 during 2025, all of which were repurchased under the prior repurchase plan, leaving 568 thousand shares available for repurchase as of December 31, 2025. A total of 229 thousand shares were repurchased at an average price of $27.05 during 2024, leaving 685 thousand shares available for repurchase as of December 31, 2024. The timing and amount of additional purchases, if any, will depend upon several factors including the Company’s capital needs, the Company’s liquidity position, the performance of its loan portfolio, the need for additional provisions for credit losses and the market price of the Company’s stock. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maximum ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Number of ​ ​ Total ​ ​ ​ ​ Shares Purchased ​ Shares that May ​ ​ Number of ​ ​ Weighted ​ as Part of Publicly ​ Yet be Purchased ​ ​ Shares ​ Average Price ​ Announced Plans ​ Under the Plans Period ​ Purchased ​ Paid per Share ​ or Programs ​ or Programs January 1, 2025 through January 31, 2025 ​ - ​ $ - ​ - ​ 684,645 February 1, 2025 through February 29, 2025 ​ - ​ ​ - ​ - ​ 684,645 March 1, 2025 through March 31, 2025 ​ - ​ ​ - ​ - ​ 684,645 April 1, 2025 through April 30, 2025 ​ 50,000 ​ ​ 38.78 ​ 50,000 ​ 634,645 May 1, 2025 through May 31, 2025 ​ - ​ ​ - ​ - ​ 634,645 June 1, 2025 through June 30, 2025 ​ - ​ ​ - ​ - ​ 634,645 July 1, 2025 through July 31, 2025 ​ - ​ ​ - ​ - ​ 634,645 August 1, 2025 through August 31, 2025 ​ - ​ ​ - ​ - ​ 634,645 September 1, 2025 through September 30, 2025 ​ - ​ ​ - ​ - ​ 634,645 October 1, 2025 through October 31, 2025 ​ 5,402 ​ ​ 45.32 ​ 5,402 ​ 629,243 November 1, 2025 through November 30, 2025 ​ 60,894 ​ ​ 46.66 ​ 60,894 ​ 568,349 December 1, 2025 through December 31, 2025 ​ - ​ ​ - ​ - ​ 568,349 ​ ​ ​ ​ ​ ​ The above table excludes stock repurchase excise taxes accrued or paid. ​ Item 6. Reserved: N/A