Sherrell Smith - 07 Jan 2023 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: 07 Jan 2023
Net transactions value: -$18,895
Form type: 4
Filing time: 10 Jan 2023, 18:29:22 UTC
Previous filing: 13 Dec 2022
Next filing: 12 Dec 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	+6,013	+3.3%	$0.000000	188,871	07 Jan 2023	Direct	F1, F2
transaction	UTI	Common Stock, $0.0001 par value	Tax liability	$18,895	-2,816	-1.5%	$6.71	186,055	07 Jan 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	-6,013	-100%	$0.000000^*	0	07 Jan 2023	Common Stock, $0.0001 par value	6,013		Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	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.
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	Shares of Common Stock received from vesting of restricted stock units granted on 1/7/2020.