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 97 shares of common stock at an average price of $28.0521 on April 15, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 15, 2025, Sherrell Smith, the EVP and Chief Academic Officer of Universal Technical Institute Inc. (UTI), sold 97 shares of the company's common stock.
• The sale was executed at a weighted average price of $28.0521 per share, with individual transactions ranging from $28.00 to $28.14.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted by Smith on December 16, 2024.
• Following the sale, Smith directly owns 134,131 shares of Universal Technical Institute Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, insider trading, stock sale, Sherrell Smith, Universal Technical Institute, UTI, 10b5-1 plan