Sherrell Smith - Dec 8, 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
Stock symbol
UTI
Transactions as of
Dec 8, 2023
Transactions value $
-$128,874
Form type
4
Date filed
12/12/2023, 09:41 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 +7.33K +3.94% 193K Dec 8, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$36K -3.03K -1.57% $11.88 190K Dec 8, 2023 Direct F2
transaction UTI Common Stock, $0.0001 par value Options Exercise +10.8K +5.69% 201K Dec 8, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$53.9K -4.53K -2.25% $11.88 197K Dec 8, 2023 Direct F3
transaction UTI Common Stock, $0.0001 par value Options Exercise +7.85K +3.99% 205K Dec 10, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$39K -3.29K -1.61% $11.88 201K 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 -7.33K -50% $0.00 7.33K Dec 8, 2023 Common Stock, $0.0001 par value 7.33K Direct F5, F6
transaction UTI Restricted Stock Units Options Exercise $0 -10.8K -33.33% $0.00 21.7K Dec 8, 2023 Common Stock, $0.0001 par value 10.8K Direct F5, F7
transaction UTI Performance Units Award $0 +33.4K $0.00 33.4K Dec 8, 2023 Common Stock, $0.0001 par value 33.4K Direct F1, F8
transaction UTI Restricted Stock Units Award $0 +17.8K $0.00 17.8K Dec 8, 2023 Common Stock, $0.0001 par value 17.8K Direct F5, F9
transaction UTI Restricted Stock Units Options Exercise $0 -7.85K -100% $0.00* 0 Dec 10, 2023 Common Stock, $0.0001 par value 7.85K 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.