UNIVERSAL TECHNICAL INSTITUTE INC — Director's Dealing 2023

Dec 13, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK: 0001261654
Period of Report: 2023-12-08

Reporting Person: Smith Sherrell (EVP, Campus Ops & Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-08	Common Stock, $0.0001 par value	M	7331	—	Acquired	193386	Direct
2023-12-08	Common Stock, $0.0001 par value	F	3028	$11.88	Disposed	190358	Direct
2023-12-08	Common Stock, $0.0001 par value	M	10830	—	Acquired	201188	Direct
2023-12-08	Common Stock, $0.0001 par value	F	4533	$11.88	Disposed	196655	Direct
2023-12-10	Common Stock, $0.0001 par value	M	7852	—	Acquired	204507	Direct
2023-12-10	Common Stock, $0.0001 par value	F	3287	$11.88	Disposed	201220	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-08	Restricted Stock Units	$	M	7331	Disposed		Common Stock, $0.0001 par value (7331)	Direct
2023-12-08	Restricted Stock Units	$	M	10830	Disposed		Common Stock, $0.0001 par value (10830)	Direct
2023-12-08	Performance Units	$	A	33357	Acquired		Common Stock, $0.0001 par value (33357)	Direct
2023-12-08	Restricted Stock Units	$	A	17790	Acquired		Common Stock, $0.0001 par value (17790)	Direct
2023-12-10	Restricted Stock Units	$	M	7852	Disposed		Common Stock, $0.0001 par value (7852)	Direct

Footnotes

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.