Jerome Alan Grant - 10 Dec 2022 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role: Chief Executive Officer, Director
Signature: /s/ Christopher Kevane, attorney-in-fact for Jerome A Grant
Issuer symbol: UTI
Transactions as of: 10 Dec 2022
Net transactions value: -$95,967
Form type: 4
Filing time: 13 Dec 2022, 14:34:05 UTC
Previous filing: 10 Jan 2023
Next filing: 10 Jan 2023
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	+31,940	+41%	$0.000000	109,529	10 Dec 2022	Direct	F1, F2
transaction	UTI	Common Stock, $0.0001 par value	Tax liability	$95,967	-13,422	-12%	$7.15	96,107	10 Dec 2022	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	-31,940	-50%	$0.000000	31,940	10 Dec 2022	Common Stock, $0.0001 par value	31,940		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 12/10/2020.
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 12/10/2020.
F4	The restricted stock units vest in three equal annual installments beginning on 12/10/2021.