R. Anderson - Dec 8, 2023 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
EVP and CFO
Signature
/s/ Christopher Kevane, attorney-in-fact for Troy R. Anderson
Stock symbol
UTI
Transactions as of
Dec 8, 2023
Transactions value $
-$140,136
Form type
4
Date filed
12/12/2023, 08:41 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 +13.2K +28.86% $0.00 58.8K Dec 8, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$42.8K -3.61K -6.13% $11.88 55.2K Dec 8, 2023 Direct F2
transaction UTI Common Stock, $0.0001 par value Options Exercise $0 +19.7K +35.64% $0.00 74.9K Dec 8, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$64K -5.39K -7.19% $11.88 69.5K Dec 8, 2023 Direct F3
transaction UTI Common Stock, $0.0001 par value Options Exercise $0 +10.3K +14.75% $0.00 79.8K Dec 10, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$33.3K -2.81K -3.52% $11.88 77K Dec 10, 2023 Direct F4

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 -13.2K -50% $0.00 13.2K Dec 8, 2023 Common Stock, $0.0001 par value 13.2K Direct F1, F5
transaction UTI Restricted Stock Units Options Exercise $0 -19.7K -33.33% $0.00 39.4K Dec 8, 2023 Common Stock, $0.0001 par value 19.7K $0.00 Direct F1, F6
transaction UTI Restricted Stock Units Award $0 +32K $0.00 32K Dec 8, 2023 Common Stock, $0.0001 par value 32K Direct F1, F7
transaction UTI Performance Units Award $0 +60K $0.00 60K Dec 8, 2023 Common Stock, $0.0001 par value 60K Direct F8
transaction UTI Restricted Stock Units Options Exercise $0 -10.3K -100% $0.00* 0 Dec 10, 2023 Common Stock, $0.0001 par value 10.3K $0.00 Direct F1, F9
* 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 Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/08/2021.
F3 Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/8/2022.
F4 Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/10/2020.
F5 Share of Common Stock received from vesting of restricted stock units granted on 12/08/2021.
F6 Share of Common Stock received from vesting of restricted stock units granted on 12/8/2022.
F7 The restricted stock units vest in three equal installments beginning on December 8, 2024.
F8 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.
F9 Shares of Common Stock received from vesting of restricted stock units granted on 12/10/2020.