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

Role: SVP Chief Commercial Officer
Signature: /s/ Bart Fesperman
Issuer symbol: UTI
Transactions as of: 17 Sep 2021
Net transactions value: -$7,082
Form type: 4
Filing time: 20 Sep 2021, 19:03:31 UTC
Next filing: 10 Dec 2021
SEC: View on sec.gov

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	+3,777		$0.000000	3,777	17 Sep 2021	Direct	F1, F2
transaction	UTI	Common Stock, $0.0001 par value	Tax liability	$7,082	-1,022	-27%	$6.93	2,755	17 Sep 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	-3,777	-15%	$0.000000	21,493	17 Sep 2021	Common Stock, $0.0001 par value	3,777		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.