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 208 shares of common stock at an average price of $28.054 on April 9, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 9, 2025, Sherrell Smith, the EVP and Chief Academic Officer of Universal Technical Institute Inc. (UTI), sold 208 shares of the company's common stock.
• The sale was executed at a weighted average price of $28.054 per share, with individual transactions ranging from $28.00 to $28.28.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 16, 2024.
• Following the reported transaction, Smith directly owns 134,228 shares of Universal Technical Institute Inc.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative performance for the company.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on insider information.

Stakeholder Impact

• The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale, but the 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, SEC Filing, Universal Technical Institute, UTI, Sherrell Smith, Stock Sale, Rule 10b5-1, Executive, EVP, Chief Academic Officer