Sherrell Smith - 10 Dec 2022 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
EVP, Campus Ops & Services
Signature
/s/ Sherrell Smith, by Chris Kevane, as Attorney-in-Fact
Issuer symbol
UTI
Transactions as of
10 Dec 2022
Net transactions value
-$24,503
Form type
4
Filing time
13 Dec 2022, 14:46:44 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 +7,852 +4.4% 186,285 10 Dec 2022 Direct F1, F2
transaction UTI Common Stock, $0.0001 par value Tax liability $24,503 -3,427 -1.8% $7.15 182,858 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 -7,852 -50% $0.000000 7,852 10 Dec 2022 Common Stock, $0.0001 par value 7,852 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.