Lori B. Smith - 07 Jan 2022 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role: SVP Chief Information Officer
Signature: /s/ Christopher Kevane, attorney-in-fact for Lori B. Smith
Issuer symbol: UTI
Transactions as of: 07 Jan 2022
Net transactions value: -$10,098
Form type: 4
Filing time: 11 Jan 2022, 16:40:30 UTC
Previous filing: 17 Dec 2021
Next filing: 18 Jan 2022
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	+3,848	+15%	$0.000000	29,373	07 Jan 2022	Direct	F1
transaction	UTI	Common Stock, $0.0001 par value	Tax liability	$10,098	-1,303	-4.4%	$7.75	28,070	07 Jan 2022	Direct
holding	UTI	Common Stock, $0.0001 par value						173,460	07 Jan 2022	Spouse

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	+3,848	+384800%	$0.000000	3,849	07 Jan 2022	Common Stock, $0.0001 par value	3,848		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Common Stock.
F2	On January 7, 2020, the reporting person was granted restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.