Jerome Alan Grant - Dec 8, 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
Dec 8, 2023
Transactions value $
-$516,138
Form type
4
Date filed
12/12/2023, 07:45 PM
Previous filing
Jan 10, 2023
Next filing
Dec 18, 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 +26.6K +24.45% $0.00 135K Dec 8, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$131K -11K -8.12% $11.88 124K Dec 8, 2023 Direct
transaction UTI Common Stock, $0.0001 par value Options Exercise $0 +46.5K +37.36% $0.00 171K Dec 8, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$228K -19.2K -11.25% $11.88 152K Dec 8, 2023 Direct
transaction UTI Common Stock, $0.0001 par value Options Exercise $0 +31.9K +21.05% $0.00 184K Dec 10, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$157K -13.2K -7.19% $11.88 171K Dec 10, 2023 Direct

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 -26.6K -50% $0.00 26.6K Dec 8, 2023 Common Stock, $0.0001 par value 26.6K Direct F1, F2
transaction UTI Restricted Stock Units Options Exercise $0 -46.5K -33.33% $0.00 93K Dec 8, 2023 Common Stock, $0.0001 par value 46.5K Direct F1, F3
transaction UTI Restricted Stock Units Award $0 +87.8K $0.00 87.8K Dec 8, 2023 Common Stock, $0.0001 par value 87.8K Direct F1, F4
transaction UTI Performance Units Award $0 +165K $0.00 165K Dec 8, 2023 Common Stock, $0.0001 par value 165K Direct F5
transaction UTI Restricted Stock Units Options Exercise $0 -31.9K -100% $0.00* 0 Dec 10, 2023 Common Stock, $0.0001 par value 31.9K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of UTI Common Stock.
F2 Share of Common Stock received from vesting of restricted stock units on 12/08/2021.
F3 The restricted stock units vest in three equal annual installments beginning on December 8, 2023.
F4 The restricted stock units vest in three equal installments beginning on December 8, 2024.
F5 Each performance unit represents a contingent right to receive one share of the UTI Common Stock, 60% of which vest based on revenue for the fiscal year ending September 30, 2026 and 40% of which vest based on adjusted EBITDA for the fiscal year ending September 30, 2026.
F6 The restricted stock units vest in three equal annual installments beginning on 12/10/2021.