Eric Severson - Jan 7, 2023 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role: SVP Admissions
Signature: /s/ Eric Severson, by Christopher Kevane. as Attorney-in-Fact
Stock symbol: UTI
Transactions as of: Jan 7, 2023
Transactions value $: -$8,307
Form type: 4
Date filed: 1/10/2023, 06:27 PM
Previous filing: Dec 13, 2022

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	+3.85K	+13.93%	$0.00	31.5K	Jan 7, 2023	Direct	F1, F2
transaction	UTI	Common Stock, $0.0001 par value	Tax liability	-$8.31K	-1.24K	-3.93%	$6.71	30.2K	Jan 7, 2023	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	-3.85K	-100%	$0.00^*	0	Jan 7, 2023	Common Stock, $0.0001 par value	3.85K		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 1/7/2020.
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 performance units granted on 1/7/2020.
F4	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.