Bart Fesperman - Sep 17, 2021 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role: SVP Chief Commercial Officer
Signature: /s/ Bart Fesperman
Stock symbol: UTI
Transactions as of: Sep 17, 2021
Transactions value $: -$7,082
Form type: 4
Date filed: 9/20/2021, 07:03 PM
Next filing: Dec 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UTI	Common Stock, $0.0001 par value	Options Exercise	$0	+3.78K		$0.00	3.78K	Sep 17, 2021	Direct	F1, F2
transaction	UTI	Common Stock, $0.0001 par value	Tax liability	-$7.08K	-1.02K	-27.06%	$6.93	2.76K	Sep 17, 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	UTI	Restricted Stock Units	Options Exercise	$0	-3.78K	-14.95%	$0.00	21.5K	Sep 17, 2021	Common Stock, $0.0001 par value	3.78K		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares of Common Stock received from vesting of restricted stock units granted on 9/15/2020.
F2	Each restricted stock unit represents a contingent right to receive one share of Common Stock.
F3	Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 9/15/2020.
F4	The restricted stock units vest in three equal annual installments beginning on 9/15/2021.