Kevin Prehn - Dec 8, 2023 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
Concorde Division President
Signature
/s/ Christopher Kevane, attorney-in-fact for Kevin Prehn
Stock symbol
UTI
Transactions as of
Dec 8, 2023
Transactions value $
-$3,742
Form type
4
Date filed
12/13/2023, 08:57 AM
Previous filing
Dec 12, 2023
Next filing
Feb 16, 2024

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 +1.16K $0.00 1.16K Dec 8, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$3.74K -315 -27.16% $11.88 845 Dec 8, 2023 Direct F2

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 -1.16K -33.33% $0.00 2.32K Dec 8, 2023 Common Stock, $0.0001 par value 1.16K Direct F1, F3
transaction UTI Restricted Stock Units Award $0 +28.5K $0.00 28.5K Dec 8, 2023 Common Stock, $0.0001 par value 28.5K Direct F1, F4
transaction UTI Performance Units Award $0 +53.4K $0.00 53.4K Dec 8, 2023 Common Stock, $0.0001 par value 53.4K Direct F5
* 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 12/8/2022.
F3 The restricted stock units vest in three equal annual installments beginning on December 8, 2023.
F4 Vesting of restricted stock units granted on 12/08/2022.
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.