James A. Hughes, President and CEO of Unity Bancorp (UNTY), has demonstrated a consistent pattern of selling activity in the company’s stock over the past two years, with no recent purchases. SEC filings reveal 31 transactions totaling $969,675 in sales and $138,253 in buys—a nearly 7-to-1 ratio favoring dispositions. His most recent trade, a $90,968 sale on March 16, 2026, followed two other six-figure dispositions earlier that month ($90,968 on March 15 and $71,316 on March 11). The transactions were primarily coded as "F" (tax liability sales) or "M" (exercised options), with occasional "A" (award) and "G" (gift) filings showing no monetary value. Notably, Hughes’s selling activity has intensified recently, with five UNTY sales exceeding $70,000 each in March 2026 alone, compared to smaller, sporadic option exercises in prior quarters. The absence of open-market purchases since at least 2024 suggests a directional bias toward reducing his position rather than accumulating shares. All transactions center exclusively on Unity Bancorp, where he remains the top executive, with no diversification into other securities evident in the filings.
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