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

Role
SVP Chief Information Officer
Signature
/s/ Christopher Kevane, attorney-in-fact for Lori B. Smith
Issuer symbol
UTI
Transactions as of
08 Dec 2023
Net transactions value
-$52,023
Form type
4
Filing time
13 Dec 2023, 09:04:06 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 +4,698 +12% 42,672 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $15,551 -1,309 -3.1% $11.88 41,363 08 Dec 2023 Direct F2
transaction UTI Common Stock, $0.0001 par value Options Exercise +6,374 +15% 47,737 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $21,099 -1,776 -3.7% $11.88 45,961 08 Dec 2023 Direct F3
transaction UTI Common Stock, $0.0001 par value Options Exercise +4,646 +10% 50,607 10 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $15,373 -1,294 -2.6% $11.88 49,313 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 -4,698 -50% $0.000000 4,698 08 Dec 2023 Common Stock, $0.0001 par value 4,698 Direct F1, F5
transaction UTI Restricted Stock Units Options Exercise $0 -6,374 -25% $0.000000 19,109 08 Dec 2023 Common Stock, $0.0001 par value 6,374 Direct F1, F6
transaction UTI Restricted Stock Units Award $0 +9,488 $0.000000 9,488 08 Dec 2023 Common Stock, $0.0001 par value 9,488 Direct F1, F7
transaction UTI Performance Units Award $0 +17,790 $0.000000 17,790 08 Dec 2023 Common Stock, $0.0001 par value 17,790 Direct F8
transaction UTI Restricted Stock Units Options Exercise $0 -4,646 -100% $0.000000* 0 10 Dec 2023 Common Stock, $0.0001 par value 4,646 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 Vesting of restricted stock units granted on 12/08/2021.
F6 Vesting of restricted stock units granted on 12/08/2022.
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 The restricted stock units vest in three equal annual installments beginning on 12/10/2021.