Sherrell Smith - 08 Dec 2023 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
EVP, Campus Ops & Services
Signature
/s/ Christopher Kevane, attorney-in-fact for Sherrell Smith
Issuer symbol
UTI
Transactions as of
08 Dec 2023
Net transactions value
-$128,874
Form type
4
Filing time
12 Dec 2023, 21:41:03 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 +7,331 +3.9% 193,386 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $35,973 -3,028 -1.6% $11.88 190,358 08 Dec 2023 Direct F2
transaction UTI Common Stock, $0.0001 par value Options Exercise +10,830 +5.7% 201,188 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $53,852 -4,533 -2.3% $11.88 196,655 08 Dec 2023 Direct F3
transaction UTI Common Stock, $0.0001 par value Options Exercise +7,852 +4% 204,507 10 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $39,050 -3,287 -1.6% $11.88 201,220 10 Dec 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 -7,331 -50% $0.000000 7,331 08 Dec 2023 Common Stock, $0.0001 par value 7,331 Direct F5, F6
transaction UTI Restricted Stock Units Options Exercise $0 -10,830 -33% $0.000000 21,660 08 Dec 2023 Common Stock, $0.0001 par value 10,830 Direct F5, F7
transaction UTI Performance Units Award $0 +33,357 $0.000000 33,357 08 Dec 2023 Common Stock, $0.0001 par value 33,357 Direct F1, F8
transaction UTI Restricted Stock Units Award $0 +17,790 $0.000000 17,790 08 Dec 2023 Common Stock, $0.0001 par value 17,790 Direct F5, F9
transaction UTI Restricted Stock Units Options Exercise $0 -7,852 -100% $0.000000* 0 10 Dec 2023 Common Stock, $0.0001 par value 7,852 Direct F5, F10
* 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 Each restricted stock unit represents a contingent right to receive one share of Common Stock.
F6 Vesting of restricted stock units granted on 12/08/2021.
F7 Vesting of restricted stock units granted on 12/08/2022.
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 The restricted stock units vest in three equal installments beginning on December 8, 2024.
F10 The restricted stock units vest in three equal annual installments beginning on 12/10/2021.