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, sold shares of common stock on March 21, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Sherrell Smith, the EVP and Chief Academic Officer of Universal Technical Institute Inc. (UTI), sold shares of the company's common stock on March 21, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 16, 2024.
• A total of 10,000 shares were sold in multiple transactions at prices ranging from $26.51 to $27.509, resulting in a weighted average price of $26.9453 for 9,979 shares and $27.51 for 21 shares.
• Following the reported transactions, Smith beneficially owns 157,663 shares of UTI common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific inside information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Rule 10b5-1, Share Sale, Insider Trading, UTI, Universal Technical Institute, Sherrell Smith, EVP, Chief Academic Officer, Stock Transaction