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

Role
SVP Chief Legal Officer
Signature
/s/ Christopher E. Kevane
Issuer symbol
UTI
Transactions as of
08 Dec 2023
Net transactions value
-$73,407
Form type
4
Filing time
13 Dec 2023, 09:16:56 UTC
Previous filing
06 Mar 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 +6,460 +29% 28,378 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $21,384 -1,800 -6.3% $11.88 26,578 08 Dec 2023 Direct F2
transaction UTI Common Stock, $0.0001 par value Options Exercise +8,460 +32% 35,038 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $28,001 -2,357 -6.7% $11.88 32,681 08 Dec 2023 Direct F3
transaction UTI Common Stock, $0.0001 par value Options Exercise +7,260 +22% 39,941 10 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $24,021 -2,022 -5.1% $11.88 37,919 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 -6,460 -50% $0.000000 6,460 08 Dec 2023 Common Stock, $0.0001 par value 6,460 Direct F1, F5
transaction UTI Restricted Stock Units Options Exercise $0 -8,460 -33% $0.000000 16,921 08 Dec 2023 Common Stock, $0.0001 par value 8,460 Direct F1, F6
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 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 F8
transaction UTI Restricted Stock Units Options Exercise $0 -7,260 -100% $0.000000* 0 10 Dec 2023 Common Stock, $0.0001 par value 7,260 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.