Form 4: Universal Technical Institute EVP Sherrell Smith Sells Shares Under 10b5-1 Plan

Sherrell Smith, EVP and Chief Academic Officer of Universal Technical Institute, executed sales of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Sherrell Smith, the EVP and Chief Academic Officer of Universal Technical Institute Inc. (UTI), reported the sale of UTI common stock.
• The sales were executed on March 17 and 18, 2025, under a Rule 10b5-1 trading plan adopted on December 16, 2024.
• On March 17, 2025, 36,773 shares were sold at a weighted average price of $26.6841, with individual prices ranging from $26.26 to $27.04.
• On March 18, 2025, two transactions occurred: 9,500 shares were sold at a weighted average price of $26.7107 (ranging from $26.20 to $27.09), and 500 shares were sold at a weighted average price of $27.268 (ranging from $27.21 to $27.36).
• Following these transactions, Smith directly owns 217,358 shares of UTI common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan, without indicating any fundamental change in the company's prospects.

Risks

• The sale of shares by a company executive could be perceived negatively by investors, although the pre-planned nature of the transactions mitigates this risk.

Industry Context

Insider trading activity is closely monitored in the financial industry as it provides insights into management's perspective on the company's valuation and future prospects. Rule 10b5-1 plans are commonly used to allow insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by an executive could cause short-term uncertainty among shareholders.

Key Dates

Keywords

Form 4, insider trading, stock sale, Rule 10b5-1, Sherrell Smith, Universal Technical Institute, UTI, EVP, Chief Academic Officer