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Table of Contents ( Mark One ) ☑ SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 FORM 10 - K FOR ANNUAL AND TRANSITIONAL REPORTS PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 ☐ OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to New Jersey Commission file number 1-12431 Unity Bancorp , Inc. ( Exact Name of Registrant as Specified in Its Charter ) UNITY BANCORP ( State or Other Jurisdiction of Incorporation or Organization ) 64 Old Highway 22 , Clinton , NJ ( Address of Principal Executive Offices ) Registrant's telephone number , including area code ( 908 ) 730-7630 Securities registered pursuant to Section 12 ( b ) of the Exchange Act : Title of each class Common stock INC 22-3282551 ( I.R.S. Employer Identification No. ) 08809 ( Zip Code ) Trading Symbol ( s ) UNTY Name of each exchange on which registered NASDAQ Securities registered pursuant to Section 12 ( g ) of the Exchange Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes □ No Indicate by check mark whether the registrant : ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No □ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( $ 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes > No □ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or emerging growth company . See the definitions of " large accelerated filer " , " accelerated filer " , " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Non - accelerated filer Accelerated filer Smaller reporting company ☑ Emerging Growth Company ☐ If an emerging growth company , indicate by checkmark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared its audit report . Yes No Indicate by check mark whether the registrant is a shell company as defined in Rule 12b - 2 of the Exchange Act . Yes No As of June 30 , 2020 , the aggregate market value of the registrant's Common Stock , no par value per share , held by non - affiliates of the registrant was $ 109,483,868 and 7,656,215 shares of the Common Stock were outstanding to non - affiliates . As of February 28 , 2021 , 10,412,707 shares of the registrant's Common Stock were outstanding . Documents incorporated by reference : Portions of Unity Bancorp's Proxy Statement for the Annual Meeting of Shareholders to be filed no later than 120 days from December 31 , 2020 are incorporated by reference into Part III of this Annual Report on Form 10 - K .