Jerome Alan Grant - 08 Dec 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
Issuer symbol
UTI
Transactions as of
08 Dec 2023
Net transactions value
-$516,138
Form type
4
Filing time
12 Dec 2023, 19:45:53 UTC
Previous filing
10 Jan 2023
Next filing
18 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 +26,623 +24% $0.000000 135,499 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $130,763 -11,007 -8.1% $11.88 124,492 08 Dec 2023 Direct
transaction UTI Common Stock, $0.0001 par value Options Exercise $0 +46,507 +37% $0.000000 170,999 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $228,464 -19,231 -11% $11.88 151,768 08 Dec 2023 Direct
transaction UTI Common Stock, $0.0001 par value Options Exercise $0 +31,940 +21% $0.000000 183,708 10 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $156,911 -13,208 -7.2% $11.88 170,500 10 Dec 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 -26,623 -50% $0.000000 26,624 08 Dec 2023 Common Stock, $0.0001 par value 26,623 Direct F1, F2
transaction UTI Restricted Stock Units Options Exercise $0 -46,507 -33% $0.000000 93,016 08 Dec 2023 Common Stock, $0.0001 par value 46,507 Direct F1, F3
transaction UTI Restricted Stock Units Award $0 +87,761 $0.000000 87,761 08 Dec 2023 Common Stock, $0.0001 par value 87,761 Direct F1, F4
transaction UTI Performance Units Award $0 +164,552 $0.000000 164,552 08 Dec 2023 Common Stock, $0.0001 par value 164,552 Direct F5
transaction UTI Restricted Stock Units Options Exercise $0 -31,940 -100% $0.000000* 0 10 Dec 2023 Common Stock, $0.0001 par value 31,940 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.