Jerome Alan Grant - Jan 7, 2023 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
Stock symbol
UTI
Transactions as of
Jan 7, 2023
Transactions value $
-$72,475
Form type
4
Date filed
1/10/2023, 06:28 PM
Previous filing
Dec 13, 2022
Next filing
Dec 12, 2023

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 +23.6K +24.52% $0.00 120K Jan 7, 2023 Direct F1, F2
transaction UTI Common Stock, $0.0001 par value Tax liability -$72.5K -10.8K -9.03% $6.71 109K 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 -23.6K -100% $0.00* 0 Jan 7, 2023 Common Stock, $0.0001 par value 23.6K 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.