Smith Sherrell 4

What Happened
Sherrell Smith, EVP and Chief Academic Officer of Universal Technical Institute (UTI), reported a sale of 50,000 shares on May 12, 2025. The filing shows a weighted-average sale price of $33.84, for a reported total value of approximately $1,691,885. The transaction is reported as an "open market or private sale" (code S).

Key Details

• Transaction date: May 12, 2025. Filed with the SEC on March 6, 2026 (the disclosure was submitted well after the trade date).
• Shares sold: 50,000; weighted-average price: $33.84; total reported proceeds: $1,691,885.
• Price range footnote: the filing notes the shares were sold in multiple trades at prices between $33.50 and $34.19 (reporting person can provide a per-trade breakdown on request).
• Shares owned after transaction: not stated in the provided filing.
• No 10b5-1 plan, tax-withholding, or other special plan footnotes were reported in this summary.

Context
This was a sale (not a purchase). Sales by insiders can be routine (diversification, cash needs, or plan-driven) and do not necessarily signal negative views of the company. The late filing reduces the timeliness of the disclosure; investors seeking up-to-date insider activity should monitor subsequent filings for additional context.