Christopher E. Kevane - Dec 8, 2023 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
SVP Chief Legal Officer
Signature
/s/ Christopher E. Kevane
Stock symbol
UTI
Transactions as of
Dec 8, 2023
Transactions value $
-$73,407
Form type
4
Date filed
12/13/2023, 09:16 AM
Previous filing
Mar 6, 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 +6.46K +29.47% 28.4K Dec 8, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$21.4K -1.8K -6.34% $11.88 26.6K Dec 8, 2023 Direct F2
transaction UTI Common Stock, $0.0001 par value Options Exercise +8.46K +31.83% 35K Dec 8, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$28K -2.36K -6.73% $11.88 32.7K Dec 8, 2023 Direct F3
transaction UTI Common Stock, $0.0001 par value Options Exercise +7.26K +22.21% 39.9K Dec 10, 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability -$24K -2.02K -5.06% $11.88 37.9K 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 -6.46K -50% $0.00 6.46K Dec 8, 2023 Common Stock, $0.0001 par value 6.46K Direct F1, F5
transaction UTI Restricted Stock Units Options Exercise $0 -8.46K -33.33% $0.00 16.9K Dec 8, 2023 Common Stock, $0.0001 par value 8.46K Direct F1, F6
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 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 F8
transaction UTI Restricted Stock Units Options Exercise $0 -7.26K -100% $0.00* 0 Dec 10, 2023 Common Stock, $0.0001 par value 7.26K 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 performance units granted on 12/10/2020.
F5 Share of Common Stock received from 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 Shares of Common Stock received from vesting of performance units granted on 12/10/2020.